Venus Pipes IPO GMP today is ₹ 20, say market observers
Venus Pipes IPO: After closure of three days bidding of the public issue worth ₹ 165.42 crore, all focus has now shifted on Venus Pipes IPO allotment date, which is most likely on 19th May 2022. Meanwhile, shares of Venus Pipes are available at a premium of ₹ 20 in grey market today. They said that Venus Pipes IPO GMP has remained steady this week.
Prudent Corporate IPO GMP today
According to market observers Venus Pipes IPO grey market premium (GMP) today is ₹ 20, which is unchanged from its Monday GMP of ₹ 20. They said that Venus Pipes IPO GMP has been oscillating in between ₹ 40 to ₹ 20 range for last one week in grey market. They went on to add that lowering of Venus Pipes IPO in grey market premium can be attributed to the negative stock market sentiments, which is still persisting.
Market observers said that Venus Pipes IPO GMP today is ₹ 20, which means grey market is expecting that Venus Pipes IPO listing would happen around ₹ 346 ( ₹ 326 + ₹ 20), which is around 6 per cent higher from its price band of ₹ 310 to ₹ 326 per equity share.
So, Venus Pipes IPO GMP indicates that the public issue will have a 'moderate listing.'
Venus Pipes IPO allotment links
After announcement of share allocation, bidders will be able to check Venus Pipes IPO allotment status online by logging in at BSE website or at the official website of the IPO registrar — KFin Technologies Limited. For convenience, bidders can login at direct BSE link — bseindia.com/investors/appli_check.aspx or at direct Link Intime link — kprism.kfintech.com/ipostatus.
Most likely Venus Pipes IPO listing date is 24th may 2022 and it is proposed to list on both NSE and BSE.
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