Mahendra Realtors SME IPO: GMP Stable at ₹6, Modest Listing Gains Expected

The Grey Market Premium for JSW Cement IPO has dropped to ₹4 per share from ₹5 yesterday. The estimated listing price stands around ₹151, indicating an expected gain of about 2.7%.

The Grey Market Premium (GMP) for the Mahendra Realtors SME IPO is currently holding steady at ₹6. Based on this GMP, the estimated listing price is about ₹91, compared with the issue price of ₹85, indicating a potential return of roughly 7.06%. For an investor lot, this translates to an estimated profit of around ₹9,600.

Earlier sessions showed no premium—GMP was ₹0—before investor interest picked up and pushed the premium to ₹6. This shift suggests growing, but measured, demand in the grey market for the SME offering.

The Sub2 Sauda rate is currently reported at ₹7,300, reflecting moderate liquidity and interest. If GMP remains near this level through listing, investors may see modest listing gains. However, GMP is an unofficial indicator and can fluctuate until the final listing.

Remember that GMP reflects market sentiment only and is not regulated. Final listing performance will depend on subscription levels, broader market conditions, and the company’s fundamentals. Investors should consult a registered financial advisor before making investment decisions.

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