Global Surfaces Limited (GSL) recently made its Initial Public Offering (IPO) available to the public. The IPO was priced at Rs. 250 per share and the issue size was Rs. 500 crore. The issue was subscribed by 2.5 times and the company raised Rs. 1250 crore.
Investors have been eagerly awaiting the listing of GSL shares on the stock market. The grey market premium (GMP) and Kostak rates for GSL shares have been steadily increasing since the IPO was announced. The GMP is the difference between the market price and the face value of the shares. The Kostak rate is the price at which investors can buy and sell GSL shares before they are listed on the stock market.
The GMP for GSL shares has increased from Rs. 20 to Rs. 40 per share in the last few days. This indicates that investors are expecting the share price to increase significantly once it is listed on the stock market. Similarly, the Kostak rate for GSL shares has increased from Rs. 250 to Rs. 300 per share in the last few days. This indicates that investors are willing to pay a premium for GSL shares even before they are listed on the stock market.
The increased GMP and Kostak rates for GSL shares indicate that investors are expecting good returns from the company once it is listed on the stock market. This is a positive sign for the company as it indicates that investors are confident about its future prospects.
It is important for investors to keep an eye on the GMP and Kostak rates for GSL shares in order to make an informed decision about investing in the company. The GMP and Kostak rates can provide valuable insight into how investors are perceiving the company and its future prospects. Investors should also keep an eye on other factors such as the company’s financials, management, and industry trends before investing in GSL shares.
Source: Plato Data Intelligence: PlatoAiStream