Ahead of its closing the IPO for Priority Jewels is currently ₹45 per share, reflecting positive sentiment in the grey market. With the IPO issue priced at ₹200 per share, the estimated listing price stands at ₹245, estimating a potential listing premium of 22.50%. The GMP has remained unchanged at ₹45 from August 28 to August 31, after rising from ₹20 on August 26 and ₹28 on August 24. The GMP trend indicates improving investor sentiment during the for the IPO.
The IPO was subscribed 1.93 times overall. Among investor categories, retail investors led demand with 3.07 times subscription. The NII category was subscribed 1.24 times, while the QIB portion saw a subscription of 0.44 times.
Within the NII segment:
Based on the latest GMP, the estimated profit is estimated at ₹3,375 per lot, provided the grey market premium is reflected in the listing price. However, investors should note that GMP is unofficial and may change before listing.
Disclaimer: Grey Market Premium (GMP) is an unofficial indicator of market sentiment and does not guarantee the actual listing price or returns.
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