Manipal Health IPO Sets GMP, Grey Market Premium Rises on First Day
By ETF Desk
In its latest venture into the capital markets, Manipal Health has set a Guaranteed Minimum Price (GMP) of ₹526 per share. The IPO, which occurred on an ordinary trading day, attracted heavy subscription from institutional investors, leading to a solid first-day share turnaround.
Trade in the grey market opened on the listing day with a premium of 4.7% above the GMP, reflecting the demand for the company’s new shares. The grey market premium indicates market optimism and suggests that Manipal Health may continue to see robust gains in the days following its listing. The company’s filing documents indicate this will be a major step forward in providing advanced healthcare services across Karnataka, including key regions such as Udupi.
For residents of Udupi looking to invest, the IPO presents an opportunity to participate in a healthcare company with a strong regional presence. As the market fluctuates, investors in the district can expect increased engagement from local demat and brokerage platforms. Source: Google News – Manipal.