MTAR Technologies IPO GMP

With MTAR Technologies being the next upcoming IPO in line, you must be looking for a variety of aspects. MTAR Technologies IPO GMP is undoubtedly one of them. So, let’s get all the information in this regard.

Before we go to the discussion of GMP, first, let’s know a bit about the MTAR Technologies 

MTAR Technologies is a company that is known as a precision engineering solution company. It was established back in 1970. The major clients of this company are DRDO, NPCIL, ISRO, HAL, etc.

The company is now coming up with the IPO of size ₹596.41 Cr on March 03, 2021. It will remain open for subscription for 3 days and thus you can apply for this IPO till March 05, 2021. 

In this article, we will be focusing on the MTAR Technologies IPO GMP details. But before getting into its detail let’s understand what grey market premium is?

GMP is the premium that a trader is willing to pay for the upcoming IPO shares in the grey market. This amount can be positive or negative depending on the demand and supply of the corresponding shares. 

The premium on the positive side of the trading price is higher in the grey market and vice versa.

Now, let us keep track of the MTAR Technologies IPO GMP today.

MTAR Technologies IPO GMP Today

The GMP for any upcoming IPO fluctuates every day based on the demand or supply of the shares to the willing subscribers. The GMPThe data for MTAR Technologies IPO GMP is tabulated in the table below which is being calculated on the basis of the MTAR Technologies IPO Issue Price. 

 

Since the GMP is positive, it seems that the grey market investors and traders are bullish about the IPO shares.

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Conclusion

MTAR Technologies IPO GMP seems to be increasing with every passing day.  This indicates that the grey market traders are supporting the IPO, and it is expected that the listing price could be more than the issue price.

Although these expectations don’t need to turn to reality, so, you must tread carefully and analyze the IPO before investing in it.

We hope that your queries regarding MTAR Technologies IPO GMP are resolved.

Happy investing!

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