Central Mine Planning and Design Institute Ltd (CMPDI) IPO, valued at Rs 1,842 crore, is in its second day of bidding with a ...
High GMP reflects demand. Long-term investing requires value. If an IPO is priced at 60–80 times earnings purely because of ...
Recent IPO outcomes suggest that the informational value of GMP may be weakening as nearly one-third of mainboard IPOs in ...
The grey market premium for the CMPDI IPO declined from a peak of Rs 27 to Rs 1 on March 24, indicating modest expected listing gains.