V.L.Infraprojects IPO Date, Price, GMP, Review

On July 30, 2024, V.L.Infraprojects went public on the stock exchange. The IPO had a 636.17x subscriber base. As of July 30, 2024, 10:29 AM, the most recent GMP for the V.L.Infraprojects IPO was ₹60.

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The V.L.Infraprojects IPO (VLINFRA) had an issue price of ₹42.00 and was listed at ₹79.80, meaning that the allotted price was 90.00% higher.

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The price that an initial public offering (IPO) trades at in an unofficial, unregulated grey market before it is listed is known as the grey market premium (GMP). The GMP predicts the possible response of an IPO issuance for a certain firm on the day of listing.

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Whereas a negative GMP suggests that the IPO is probably going to be at a discount, a positive GMP premium suggests that the IPO is probably going to be profitable.

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It should be mentioned that IPO GMP can fluctuate greatly, therefore making an investment choice based only on V.L.Infraprojects SME IPO GMP will be dangerous.

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Planning, carrying out, and finishing government projects are the main priorities of V L Infraprojects, especially when it comes to irrigation and water infrastructure.