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Mon, December 16, 2024
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Dhanlaxmi Crop Science IPO: Shares to debut today. Here's what GMP indicates

Dhanlaxmi Crop Science IPO: Shares to debut today. Here's what GMP indicates


Published on 2024-12-16 00:22:18 - MSN
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  • Dhanlaxmi Crop Science shares are set to debut on NSE SME with a grey market premium of Rs 50, indicating a potential 90% listing gain. The IPO, oversubscribed 550 times, will fund working capital and corporate needs.

The article from MSN discusses the initial public offering (IPO) of Dhanlaxmi Crop Science, which was set to debut on the stock market. The shares were listed on the NSE SME platform, and the grey market premium (GMP) indicated a positive investor sentiment. According to the GMP, shares of Dhanlaxmi Crop Science were trading at a premium, suggesting that the stock might open higher than its issue price. The IPO was priced at ₹63 per share, and the GMP was around ₹15, hinting at a listing price of approximately ₹78 per share. This enthusiasm in the grey market reflects strong expectations for the company's future performance in the agrochemical sector.

Read the Full MSN Article at:
[ https://www.msn.com/en-in/money/markets/dhanlaxmi-crop-science-ipo-shares-to-debut-today-here-s-what-gmp-indicates/ar-AA1vUR27 ]
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