Current Status:
The IPO application window closed on July 15th, 2024, at 5:25 PM IST.
Grey Market Premium (GMP):
The last reported GMP for Sahaj Solar is ₹240, as of July 15th, 2024, at 5:25 PM IST.
GMP is an unofficial estimate of the premium investors in the grey market are willing to pay to get shares before they are listed on the stock exchange. It’s important to remember that GMP is not a guarantee of the actual listing price.
Listing Price Estimation:
Based on the GMP of ₹240 and the price band of ₹171 – ₹180 per share, the estimated listing price could be around ₹420 (₹180 + ₹240). This is the “cap price” plus the current GMP.
Expected Return:
With an estimated listing price of ₹420 and an issue price of ₹180, the expected percentage gain per share is approximately 133.33%.
Important Points to Consider:
GMP is not an accurate predictor of the listing price. The actual listing price can be higher or lower than the GMP.
The stock market is volatile, and past performance is not necessarily indicative of future results.
SME IPOs can be particularly risky due to the limited track record of the companies.
Recommendations:
Before investing in any IPO, it’s crucial to conduct thorough research on the company’s financials, business model, and future prospects.
You should only invest what you can afford to lose, as there is always a risk of losing your entire investment in an IPO.
