Wise Travel IPO GMP Today
Wise Travel India Limited recently made its debut in the stock market through an initial public offering (IPO). As investors eagerly awaited the listing, the grey market buzzed with activity, predicting potential gains. In this blog post, we’ll delve into the details of the IPO, its subscription status, and the all-important Grey Market Premium (GMP).
Key Dates and Details
- IPO Opening Date: February 12, 2024
- IPO Closing Date: February 14, 2024
- Issue Price Range: ₹140 – ₹147 per share
- Lot Size: 1,000 shares
- Total Shares Offered: 6,441,000
- Listing Date: February 19, 2024
- Face Value: ₹10 per share
- Issue Size: ₹94.68 Crores
Subscription Numbers
The subscription numbers for the Wise Travel India IPO were impressive:
- Qualified Institutional Buyers (QIB): 106.69 times oversubscribed
- Retail Individual Investors (RII): 108.76 times oversubscribed
- Non-Institutional Investors (NII): 252.39 times oversubscribed
- Overall Subscription: 148.45 times oversubscribed
Grey Market Premium (GMP)
The grey market, where unlisted shares trade unofficially, closely monitors IPOs. Wise Travel India’s GMP fluctuated during the subscription period Click Here
- Day 1: GMP was ₹45
- Day 2: GMP surged to ₹135
- Day 3 (Closing Day): GMP settled at ₹60
What Does the GMP Indicate?
The GMP reflects market sentiment and expectations. In Wise Travel India’s case, the ₹60 GMP suggests that the grey market anticipates a 40.82% listing gain from the public issue. Investors are optimistic about the company’s prospects and are willing to pay a premium for its shares. wise travel ipo gmp today. Research popular monsoon travel hashtags related to your location or activity. Include relevant hashtags in your caption to increase discoverability and connect with fellow wanderlusters.
Conclusion
As Wise Travel India gets ready for its stock market debut, investors keep a close eye on the GMP. Whether it lives up to expectations remains to be seen, but one thing is certain: IPOs continue to be a fascinating arena for both seasoned investors and newcomers.
