Signatureglobal India is a real estate company that recently launched its initial public offering (IPO). The company is offering up to 1,722,800 equity shares of face value Rs 10 each. The IPO opened on September 29, 2020 and will close on October 1, 2020. Investors are eager to know about the current grey market premium (GMP) and Kostak rates for the IPO.
Grey market premium (GMP) is the difference between the price of the IPO in the grey market and the issue price. It is an indication of the demand for the IPO in the grey market. The GMP of Signatureglobal India IPO is currently trading at Rs 40-45 per share. This indicates that the demand for the IPO is high and investors are willing to pay a premium for it.
Kostak rates are the prices at which investors can buy or sell shares in the grey market. The Kostak rate for Signatureglobal India IPO is currently trading at Rs 4,000-4,500 per share. This means that investors can buy or sell shares in the grey market at this price.
The GMP and Kostak rates of Signatureglobal India IPO are both high, indicating that there is a lot of demand for the IPO in the grey market. This is a positive sign for investors as it shows that there is strong investor interest in the company.
Overall, the current GMP and Kostak rates of Signatureglobal India IPO are high, indicating that there is a lot of demand for the IPO in the grey market. This is a positive sign for investors as it shows that there is strong investor interest in the company. Therefore, investors should consider investing in this IPO if they are looking for good returns in the long term.
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- Source: Plato Data Intelligence: PlatoAiStream