Ganesh Infraworld share price lists stellar 90% premium at ₹157.70 on the NSE SME: Hits upper circuit thereafter
- Ganesh Infraworld share price listed with stellar 90% premium at ₹157.70 on the NSE SME on Friday. The shares thereafter gained 5% more to hit upper circuit
Ganesh Infraworld share price listed with stellar 90% premium at ₹157.70 on the NSE SME on Friday.
The Ganesh Infraworld share price thereafter gained 4.5% post listing to ₹165.55 hittng upper price band. Ganesh Infraworld share price thereby was locke in the upper circuit
Subscription and GMP had indicated towards strong listing
The strong subscription numbers and Grey market premium for the Ganesh Infraworld IPO had indicated towards strong listing
Ganesh Infraworld IPO had been subscribed 369.56 times. By December 3, 2024 (Day 3), the public offering had been subscribed to 274.48 times in the retail category, 163.52 times in the QIB category, and 865.82 times in the NII category.
The grey Market Premium for Ganesh Infraworld IPO today stood at +78. This indicated that Ganesh Infraworld share price was trading at a premium of ₹78 above the issue price in the grey market, as per investorgain.com data.
Considering the upper end of the IPO price band and the premium in the grey market, the estimated listing price of Ganesh Infraworld share price is indicated at ₹161 apiece, which is 93.98% higher than the IPO price of ₹83.
The Ganesh Infraworld IPO grey market premium (GMP) had been regularly inching upward, indicating a strong improvement in listing expectation, based on the grey market activity over the last multiple sessions. According to data from investorgain.com, the lowest GMP ever recorded stood at ₹9, and the highest is ₹78.
About Ganesh Infraworld
Ganesh Infraworld Limited is a construction firm that was founded in 2017 and provides a variety of services linked to construction. The company specializes in developing roads, railways, power plants, water distribution systems, and commercial, residential, and civic structures all throughout India.
Ganesh Infraworld IPO remained a book built issue of ₹98.58 crores. The entire issue was a fresh issue of 118.77 lakh shares.
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