The stock of Standard Glass Lining is going to be listed on Monday. The issue has received a great response from investors and the issue has been subscribed 185 times. The negative signals of the market have also affected the issue and there is a continuous decline in the estimates regarding the listing. However, even after this decline, the grey market believes that investors can get a return of more than 30 percent on the day of listing. Take a look at how the listing of the stock can be

What is the estimate regarding listing?

According to the estimates of GMP i.e. grey market premium found on Investorgain till Sunday, there is a premium of Rs 48 on the stock and the stock can be listed around Rs 188 which is equal to a premium of 34 percent. However, amid negative signals from the market, there has been a continuous decline in GMP. On January 10, the GMP was at Rs 62. At the same time, when the stock was allotted on January 9, the GMP was at Rs 78. The issue closed on January 8 and on this day the GMP was at Rs 91. On January 5, a day before the issue opened, the grey market premium was at Rs 97, which was its highest estimate. That is, at one time the grey market was estimating the stock to be listed with a premium of Rs 237 i.e. 69 percent. Which has now come down to 34 percent. Let us tell you that the grey market premium is uncertain and it constantly sees sharp fluctuations. In such a situation, serious investors in the market only look at the direction of response to the issue, while for investment decisions, they keep an eye on the company's own performance and price band. What was the response to the issue? The issue has received a total subscription of 185 times. The share of retail investors has been subscribed 66 times, the share of QIB 328 times, the share of NII 275 times. The issue was filled about 14 times on the very first day. At the same time, the retail part was filled 15 times on the very first day.