• Dharmaj Crop Guard IPO GMP today at ₹56 per equity share, say market observers
Dharmaj Crop Guard IPO GMP: In three days of bidding from 28 to 30 November 2022, the Initial Public Offering ((IPO) of Dharmaj Crop Guard Limited received a strong response from investors. As per the official Dharmaj Crop Guard IPO Subscription Status, the Public Issue 35.49 subscribed 100 times while its retail portion was subscribed 21.53 times.
Meanwhile, gray market sentiment has further turned bullish regarding Dharmaj Crop Guard shares after a strong rally in the mid-cap segment in Wednesday's session and strong pumping of ₹9,010 crore by FIIs into Indian markets. According to market observers, shares of Dharmaj Crop Guard Ltd are available at a premium of ₹56 per share in the gray market today.
Dharmaraj Crop Guard IPO GMP today
Market observers said the Dharamj Crop Guard IPO gray market premium (GMP) at ₹56 today is ₹4 higher than yesterday's GMP of ₹52. He said the rise in GMP can be attributed to two major reasons - participation of mid-caps in the current stock market rally and FIIs becoming net buyers by a huge margin. He said that this increase of ₹4 may seem small but it should not be taken lightly. With the mid-cap segment participating in the current stock market rally, chances of Nifty touching 19,000 in the near term are high. In such a situation, there may be a bull case listing in the IPO of Dharmaraj Crop Guard and the gray market is also indicating the same.
what does this GMP mean
Market observers said Dharmaj Crop Guard IPO GMP is at ₹56 today, which means the gray market is expecting the ₹251.15 crore public issue to list at around ₹293 per level, which is around 25 per cent above its price band. is more. ₹216 to ₹237 per equity share.
Dharmaj Crop Guard IPO Details
After the subscription date is over, all eyes are now on the Dharamraj Crop Guard IPO allotment date, which is most likely to happen on 5th December 2022. The proposed public issue and expected Dharmaj Crop Guard IPO listing date is December 8, 2022 for listing on both BSE and NSE. ,
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