Ami Organics IPO listing date, what latest grey market premium (GMP) signals

By Livemint, Asit Manohar
On what this GMP means for Ami Organics IPO, market observers said that grey market is expecting around 25 per cent listing premium from this IPO, provided primary market sentiment remains stable after the extended weekend. Photo: Courtesy Ami Organics website

Ami Organics IPO GMP: After finalisation of share allotment process, bidders of the public issue worth 569.64 crore are anxiously waiting for Ami Organics IPO listing date, which is likely on 14th September 2021. However, subscribers of the public offer are keeping an eye on the grey market as well. According to market observers, a section of IPO bidders believe that grey market premium (GMP) gives an indication about the listing premium of the public issue. They said that Ami Organics IPO GMP today is 155 — 5 up from its yesterday's grey market premium of 150. Observers went on to add that the public issue's GMP has been oscillating in the range of 150 to 175 that means grey market is expecting around 25 per cent listing premium from the public issue.

Ami Organics IPO grey market premium

Market observers said that Ami Organics grey market premium today is 155, which is 5 up from its Saturday grey market premium of 150. They said that after strong subscription of 64.54 times, Ami Organics IPO GMP has been oscillating in the range of 150 to 175. Ami Organics IPO GMP has shot up from 50 to 125 just ahead of the share allotment date and went on to go further northward. On Wednesday morning, Ami Organics IPO GMP was 173, which was highest since Ami Organics shares became available for trade in the grey market. However, for the last four days, shares of Ami Organics have been trading at a listing premium of more than 150 in the grey market.

What this GMP mean

On what this GMP means for Ami Organics IPO, market observers said that grey market is expecting around 25 per cent listing premium from this IPO, provided primary market sentiment remains stable after the extended weekend. They said that grey market premium simply means how much listing premium is expected from the public issue. They said that today's 155 GMP means grey market is expecting Ami Organics IPO listing at 765 ( 610 + 155) — around 25 per cent higher from its price band of 603 to 610.

Speaking on the expected listing gain one can expect from Ami Organics IPO; Abhay Doshi, Founder at UnlistedArena.com said, "If sentiments remains stable during the long weekend, I believe, Ami Organics should list at a premium of around 25 per cent which seems to be decent."


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