Скачать или смотреть RateGain IPO: What GMP (grey market premium) signals ahead of share listing

RateGain IPO: What GMP (grey market premium) signals ahead of share listing RateGain IPO allotment has been finalised and all eyes are now set on RateGain IPO listing date, which is most likely on 17th December 2021. In 3-day bidding, the public issue worth ₹1,335.74 crore got subscribed 17.41 times whereas its retail portion got subscribed 8.08 times. Ahead of share listing, RateGain share price has surged in the grey market. As RateGain IPO GMP today is ₹45, it simply means that grey market is expecting that RateGain shares will list around ₹470 , which is around 10 per cent higher from its price band of ₹405 to ₹425 per equity share. However, stock market experts are of the opinion that GMP is an unofficial data and it has nothing to do with balance sheet of the company. On fundamentals that may favour RateGain IPO listing at higher premium, Anand Rathi research report says, "RateGain Travel Technologies serves a large and rapidly growing total addressable market. Third party travel and hospitality technology is estimated to be a $ 5.91 billion market in 2021 growing to an estimated $ 11.47 billion in 2025 at a CAGR of 18 per cent.