Manipal Health IPO Markets Report Grey Market Premium and GMP Today
By ETF Desk
On Wednesday, Manipal Health's shares opened at a premium, with the grey market premium climbing to 14.7% ahead of the IPO launch and a goods and services premium (GMP) of 2.3% reflecting strong investor demand.
The Manipal group, which operates within the healthcare sector in Karnataka, priced its shares at ₹9.50 each, setting the benchmark price at ₹9,600. Despite a modest intraday dip to ₹9,400, the price maintained a bullish trend, keeping investors optimistic about the company’s expansion plans across Udupi and surrounding districts.
This surge in demand highlights the market’s confidence in Manipal Health’s growth trajectory and the broader appeal of healthcare equities in the state. For residents of Udupi District, the IPO offers a new avenue to invest in a local enterprise, potentially benefiting from the sector’s steady rise. Source: Google News – Manipal.