On the day that the stock market crash caused a terrifying over Rs 17.11 lakh crore loss to investors, what happened to the primary issuance market? Since there looked to be ample liquidity in the market earlier, was the unofficial, grey market unaffected? In fact, investors seemed to have been cocking a snook at the somewhat retreating stock markets last week. But did the crashing Sensex, Nifty, midcap and smallcap indices impact investor overconfidence now? For instance, take the top three IPOs in the market. Ola Electric IPO, Ceigall India IPO or for that matter even Akums Drugs IPO. Well, currently, they all have retained their presence in the green, but the retreat is very much alive and kicking.
Akums Drugs IPO GMP today
Akums Drugs IPO GMP today is Rs 58 and at a price band of 679, the estimated listing price is Rs 737, according to the unofficial grey market. Akums Drugs IPO listing has been estimated at 8.54%, by InvestorGain. Notably, Akums Drugs IPO GMP was Rs 124 on Friday. So, very much in the green, but the estimated gains have been slashed.
Ceigall India IPO GMP today
Ceigall India IPO GMP today is Rs 20 and with a price band of Rs 401, the grey market is estimating a listing price of Rs 421. Ceigall India IPO listing gain per share is being estimated at 4.99%. Notably, on Friday, Ceigall India IPO GMP was at a high Rs 60! Again, a big cut in expected premium on listing.
Ola Electric IPO GMP today.
OLA Electric IPO GMP today is Rs 4, and at a price band of 76 (upper end) its listing price is being estimated at Rs 80. The grey market is estimating Ola Electric IPO gain at 5.26%. And Ola Electric IPO GMP was Rs 9 on Friday. Before that it ha reached Rs 16.50 too.
So, even though the grey market is still estimating a positive debut for these upcoming stock market debutants, the market crash has left them singed.
Will it get worse or better? Keep checking this space for more.
Stock market crash: Sensex to Nifty, all benchmark indices crashed today causing over Rs 17 lakh crore loss to investors. Did the manic Monday horror spread to IPOs? Check Ola Electric IPO, Ceigall IPO, Akums Drugs IPO GMP today. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
