Tremendous increase in GMP of this IPO, gray market price reaches ₹ 59, huge profits for investors!

With the closure of the Public Offering Subscription of Sirma SGS Technologies Limited, the full attention of the investors is now on the Sirma SGS Technologies IPO allotment date.

Tremendous increase in GMP of this IPO, gray market price reaches ₹ 59, huge profits for investors!

Sirma SGS Technologies IPO

 With the closure of the Public Issue subscription of Sirma SGS Technologies Ltd., the full focus of the investors is now on the Sirma SGS Technologies IPO allotment date.

Its provisional allotment date is 23 August 2022. Meanwhile, shares of Sirma SGS Technologies have gained momentum in the gray market ahead of the share allotment. According to market experts, the shares of Sirma SGS Technologies were trading at Rs. 59 per equity share is trading at a premium.

Sirma SGS Technologies IPO GMP Today

According to market experts, the gray market premium (GMP) of Sirma SGS Technologies IPO today stands at ₹59, which is ₹13 higher than Friday morning’s gray market premium of ₹46 per equity share.

Market experts said Sirma SGS Technologies IPO GMP is on the rise after the subscription opens on August 12, 2022. During this period, the IPO gray market value of Sirma SGS Technologies increased from Rs 20 to Rs 59.

What does GMP stand for?

SGS Technologies IPO GMP today is ₹59, said expert. That is, the gray market expects the SGS Technologies IPO listing to be around ₹279 (₹220 + ₹59), which is about 27 percent higher than the price band. Explain that the issue price band of this company was fixed at ₹209 to ₹220 per equity share.

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