RailTel Corp to get listed on Friday. Can it do a Nureca in debut trade;
RailTel Corp to get listed on Friday. On Friday the Railtel Company will both debut on the market and after Nureca has now given the 59% premium. There are high expectations of a good debut for the government-owned corporation. Grey market dynamics indicate that the stock will actually see good listing advantages. But this may not be adequate for Nureca to repeat its first-time company success.
Markets monitoring grey market trends had no direct effect on the RailTel launch. Although recent changes in secondary market perception may have. Nureca’s strong listing. Nureca’s was reported to have a limited Rs. -100 crore public initial offer (IPO). RailTel was a big Rs. 819 crore concern by contrast. The railway group has posted a single-digit rise in revenue and profit over the last few years. While for the same time, Nureca has registered strong growth.
Nureca shares primarily quote a prize of Rs. 15-20 in the grey market;
Umesh Chandra Paliwal. The Unlisted Zone co-founder said that Nureca shares primarily quote a prize of Rs. 15-20 in the grey market. In particular, the firm is servicing rail and other PSU’s. There are questions about competition for the company in the future. Considering the government’s impetus to privatize itself. Single digital development is unsustainable and PSU is therefore heavily based. The company is non-debt and a reliable payer of dividends, he added.
In addition, the stock has earned a grey market premium of Rs. 18-19. Compared to Rs. 12-14 a few days earlier, Abhay Doshi, non-listed stock dealers in Gujarat who also monitors the grey market.
A premium of Rs. 94 per share over the pollution indicates that the list is upwards of 20%. Doshi, Founder of UnlistedArena.com. This sentiment has shifted as the stock rallied over the last two days. The IPO sold from 16th to 18th February saw a 65.14 times quota cap for eligible institutional purchasers (QIBs). 73.25 period borrowing and retailing by single investors (RII) is 16.78 times the cap maximum for non-institutional investors.