Gray market premiums, or IPO GMPs, are based on demand levels for a company’s stock regarding going public. The gray market begins unofficially in the unregulated market as soon as the IPO date and price range are published. Before investing, investors always consider the premium of an initial public offering (IPO). Subscription numbers and market circumstances may affect the tip, however. Read the article to know about the OYO IPO Launch date, GMP Today, Share Price, Listing Date.
OYO IPO Launch date
OYO Rooms, founded by Ritesh Aggarwal, plans to go public with its initial public offering (IPO). Yes, the corporation decided to offer the Initial Public Offering based on the facts it had at the time. Following the announcement, many individuals began hunting for information about the OYO IPO Date 2022.
Furthermore, there are several additional questions such as pricing, allotment, listing, market lot, subscription, grey market price, and value. If you are interested in learning more about the same questions, continue reading this report to receive the answers quickly. You will, without a certain, get responses to all of your questions about this initial public offering.
Founded in 2013 by Ritesh Aggarwal, the firm OYO Rooms has grown to become a global brand. When it comes to the company’s top job, we want to point out that OYO Rooms is more often known as OYO Hotels and Homes. It offers budget-friendly accommodations as well as meeting space.
OYO IPO GMP Today
The listing price of an initial public offering (IPO) may differ from the expected listing price provided by the grey market due to the bull/bear market or the demand for the company’s stock. We have seen instances where the grey market was lower for certain IPOs.
Still, the listing resulted in a more significant gain and instances where the grey market was higher for some IPOs in 2021, but the listing resulted in a lesser increase. As the grey market is usually one of the most critical variables in determining the IPO listing gain, they strongly advise investors to utilise the grey market rates only for informational purposes and not trade solely on the statistics because the grey market is volatile.
With the hard work put in over the years, the firm has risen to become India’s top company and a unicorn startup. Even the company’s value is impressive in its own right. Now that the firm is ready to market its shares, it has submitted a DRHP (draught red herring prospectus) filed a few months ago. They want to raise a significant sum of money via this IPO, which will be utilized to grow the firm further and invest in other ventures.
The grey market transactions are unofficial, and there is engagement from IPO investors and stockbrokers in these transactions. Trust between the parties will determine the outcome. For more information about our IPO analysis, please read our IPO application.
The grey market rates are provided by market research or derived from industry experts, depending on the situation. Trading on the grey market is against the law. One receives the Kostak Rate when selling their IPO application (in an off-market transaction) to someone else before the issue is allocated or listed on the stock exchange. The premium mentioned above does not apply to the initial public offering (IPO). Before listing, it may change. Subscribing to a company should only be based on its fundamentals.
OYO IPO Listing Date
At the age of 27, Ritesh Agarwal, the founder of Oravel Stays Ltd (also known as OYO Rooms), became the world’s youngest self-made millionaire, making him the most well-known Indian entrepreneur of his generation. Oravel Stays Ltd provides a cutting-edge technological platform that enables the enormous yet extremely fragmented global hospitality industry to operate more efficiently.
The company’s mission since its inception has been to reinvent short-stay accommodation. This company has developed a two-sided technology platform designed to address the critical pain points of its Customers and its Patrons, both on the supply and demand sides. In its current state, the firm has 157,344 shops in more than 35 countries listed on its marketplace.