My Mudra Fincorp IPO GMP Today
The My Mudra Fincorp IPO GMP is ₹41 (+37.3% over the upper price band of ₹110) as of 9 Sep 2024, giving an estimated listing price of ₹151 per share. On a minimum application of 2,400 shares, that is an estimated gain of ₹98,400. GMP has risen by ₹41 since tracking began on 12 Sep.
Last updated
- Issue Price
- ₹110
- GMP
- ₹41
- GMP %
- +37.3%
- Est. listing
- ₹151
- Est. gain / application
- +₹98,400
My Mudra Fincorp IPO GMP trend
Tracked for 11 days. High ₹41 on 9 Sep, low ₹0 on 12 Sep.
My Mudra Fincorp IPO GMP day-wise
| Date | GMP | Change | GMP % | Est. listing | Est. gain (2,400 sh) |
|---|---|---|---|---|---|
| (latest) | ₹41 | +₹1 | 37.27% | ₹151 | +₹98,400 |
| ₹40 | 0 | 36.36% | ₹150 | +₹96,000 | |
| ₹40 | 0 | 36.36% | ₹150 | +₹96,000 | |
| ₹40 | 0 | 36.36% | ₹150 | +₹96,000 | |
| ₹40 | 0 | 36.36% | ₹150 | +₹96,000 | |
| ₹40 | +₹40 | 36.36% | ₹150 | +₹96,000 | |
| ₹0 | 0 | 0.00% | ₹110 | ₹0 | |
| ₹0 | 0 | 0.00% | ₹110 | ₹0 | |
| ₹0 | 0 | 0.00% | ₹110 | ₹0 | |
| ₹0 | 0 | 0.00% | ₹110 | ₹0 | |
| ₹0 | — | 0.00% | ₹110 | ₹0 |
Est. listing = upper price band (₹110) + GMP. Est. gain = GMP × 2,400 shares (2 lots, the minimum application).
Reading the My Mudra Fincorp IPO GMP
The grey market premium is the price above the issue price at which My Mudra Fincorp IPO shares are informally traded before listing. A GMP of ₹41 on an upper band of ₹110 suggests the shares could open around ₹151, if grey market sentiment holds until listing day.
GMP is not set by the company, the exchanges or SEBI. It moves daily with market conditions and subscription demand, and SME GMP in particular can swing sharply on low volumes. Check it together with the subscription numbers and the company's financials before applying.
My Mudra Fincorp IPO GMP: FAQs
- What is My Mudra Fincorp IPO GMP today?
- The latest grey market premium (GMP) for the My Mudra Fincorp IPO is ₹41 as of 9 September 2024, which is 37.27% over the upper price band of ₹110.
- What is the expected listing price of My Mudra Fincorp IPO?
- Based on the current GMP, the estimated listing price of My Mudra Fincorp IPO is ₹151 per share (₹110 issue price + ₹41 GMP). This is an estimate from unofficial grey market trades, not a guaranteed listing price.
- What is the lot size and minimum investment for My Mudra Fincorp IPO?
- The lot size is 1,200 shares. The minimum application is 2 lots (2,400 shares), which costs ₹2,64,000 at the upper price band.
- Is IPO GMP reliable?
- GMP reflects unofficial trades before listing and changes daily with market mood and subscription demand. It is a useful sentiment indicator but often differs from the actual listing price, so use it alongside the company's financials and subscription data.
GMP is an unofficial indicator compiled from grey market sources and is not investment advice. Actual listing prices can differ significantly. Read the offer document before investing.