IPO Listing: Listing of shares of Medanta and Bikaji Foods today, know from experts whether you will profit or loss? – Shares of global health and bikaji foods are going to be listed in the stock market today – News18 Hindi


highlights

Experts advised only long-term investors to subscribe to the Medanta IPO.
On the other hand, the gray market is indicating positive listing of Bikaji Foods shares.
Global Health’s IPO of Rs 2206 crore was open for subscription between 3-7 November.

New Delhi. The shares of Global Health and Bikaji Foods, the company running the multi-specialty hospital chain Medanta, will be listed on the stock exchanges today i.e. on 16 November. If we talk about Global Health, then experts believe that despite the good environment in the stock market, the company could hardly please its investors on the first day. He believes that even if the shares are listed at a premium, it will be very minor.

A major part of Global Health’s IPO was Offer for Sale. The subscription figures for the IPO have been below expectations and apart from Qualified Institutional Investors (QIB), the company received a weak response in the rest of the category. At the same time, the gray market is also not expecting a bumper listing of Medanta’s shares. Analysts said that Medanta shares were trading at a premium of 5 to 7 per cent in the gray market on Tuesday.

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What is the opinion of the expert?
Regarding the IPO listing of Global Health, Tradingo founder Partha Nyati says that the listing is expected to be weak. On the matter of valuation, there was nothing special for investors here. Its subscription has also been below expectations and most of the IPO was offer for sale. The current gray market premium (GMP) of Medanta’s shares is about 6 per cent higher than its issue price.

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Gave this advice to investors
Talking further on this, Nyati said that the financial condition of the company is fine and it is continuously getting better. However, after the IPO, the promoters’ stake in the company will come down to 33 per cent. Apart from this, the valuation of this issue was also reasonable at P/E ratio of 43 as the industry average P/E ratio is 51.93. Nyati advised only long-term investors to subscribe to the Medanta IPO.

Shares of Bikaji Foods will also be listed today
Meanwhile, with the IPO listing of Bikaji Foods, the gray market is indicating positive listing of Bikaji Foods shares. According to market analysts, the IPO GMP (grey market premium) of Bikaji Foods is Rs 28 today. This means that the shares of Bikaji Foods are available in the gray market today at a premium of Rs 28 per share.

What is the opinion of the expert?
According to stock market experts, those who have been allotted shares of Bikaji Foods may get fair rewards from its listing, as Bikaji Foods International Limited’s IPO is expected to list around ₹350 per equity share in case of bulls. On the other hand, in the case of beer, the share price of Bikaji Foods can open around ₹ 300. In such a situation, a lot will depend on the market sentiment.

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IPO was open for subscription between 3-7 November
At the same time, let us tell you that the Rs 2,206 crore IPO of Global Health was open for subscription between 3-7 November and overall it was subscribed 9.58 times. However, the portion of shares reserved for retail investors could not be fully subscribed. The price band of Rs 319-336 per share and lot size of 44 shares was fixed for this IPO.

Tags: global health, IPO, Share market, shares, stock market today



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