Medi Assist IPO Set for Listing on January 23, 2024

VoM News Desk | January 22, 2024 | 01:11 PM IST | Breaking News | Follow on Google News

Medi Assist IPO Set for Listing on January 23, 2024/Company’ website

Medi Assist IPO Set for Listing on January 23, 2024

Anticipated Positive Debut in Grey Market

The listing date for Medi Assist Healthcare Services Ltd’s initial public offering (IPO) has been scheduled for January 23, 2024. The shares will be listed on both BSE and NSE in a special pre-open session on Tuesday this week.

Surge in Grey Market Sentiment

Following the announcement of the listing date, the grey market has witnessed a surge in positive sentiment for Medi Assist. Stock market observers report that the Medi Assist share price in the grey market has risen to a premium of ₹40 today, marking a ₹4 increase from the weekend’s Grey Market Premium (GMP) of ₹36.

Implications of GMP

The Grey Market Premium (GMP) for Medi Assist IPO today stands at ₹40, indicating expectations that the listing price would be around ₹458 (₹418 + ₹40). This projection suggests a potential debut on Dalal Street with approximately a 9.50% increase over the IPO price band of ₹397 to ₹418 per equity share. While GMP is often seen as an indicator, market experts caution that it is speculative and non-regulated. They advise investors to focus on the company’s financials and fundamentals for a more reliable assessment.

Investor Response and Improved Dalal Street Trend

Medi Assist IPO received a strong response from investors, contributing to the positive trend observed in the Dalal Street ahead of the weekend sessions. The rising GMP over the past few days indicates growing optimism in the market regarding the IPO’s potential debut.

VoM News Desk

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