Udayshivakumar Infra IPO-Allotment Status and Latest GMP Online:
The IPO of Udayshivakumar Infra has recently closed bidding, leaving market observers and bidders eagerly anticipating the upcoming Udayshivakumar Infra IPO allotment date, expected to be on March 28th, 2023. For those who have applied for the public issue, it is advised to check the Udayshivakumar Infra IPO allotment status online, either through the BSE website or the official registrar’s website, which is MAS Services Limited and can be accessed through masserv.com. According to market observers, the equity shares of Udayshivakumar Infra Ltd are presently trading at a premium of ₹10 per share, indicating that the Udayshivakumar Infra IPO GMP (grey market premium) has remained stable at ₹10 per share in the grey market today.
Udayshivakumar Infra IPO GMP:
According to market observers, the Udayshivakmar Infra IPO GMP today is currently at ₹10, maintaining a steady position for the last four days. These observers also predict a possible increase in the grey market price of Udayshivakumar Infra shares, as the secondary market is expected to open positively, with high chances of a bounce back from oversold levels.
What does IPO GMP mean?
The Udayshivakmar Infra IPO GMP of ₹10, as stated by market observers, indicates that the grey market is anticipating a listing price of around ₹45 for the Udayshivakmar Infra IPO (₹35 + ₹10), which is approximately 28% higher than the IPO price band of ₹33 to ₹35 per share. Despite the weak secondary market sentiments over the past two sessions, the grey market suggests that Udayshivakmar Infra IPO will have a strong debut on Dalal Street, with the stock currently trading over 25% higher. However, stock market experts caution that the grey market is not a reliable indicator of potential gains from an IPO, as it is purely speculative.
How can one check the Udayshivakumar Infra IPO allotment status?
To check the Udayshivakmar Infra IPO allotment status, the allottee can log in to either the BSE website at bseindia.com or the official registrar, MAS Services Limited website at masserv.com. For ease of access, it is advised to use the direct BSE link at india.com/investors/appli_check.aspx as the official registrar’s website can be complex to navigate for finding a direct link to check the allotment status online.
About Udayshivakumar Infra:
In 1995, Udayshivakumar Infra was established with the aim of executing infrastructure projects. The company’s founders set a primary objective of engaging in small and medium industrial projects while also pursuing opportunities in significant industrial and infrastructure endeavors.
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