Paragon IPO Hits 99% Grey Market Premium (GMP) Ahead of Listing

Investor excitement continues to surge as the Paragon Initial Public Offering (IPO) experiences unprecedented demand and achieves a staggering 99% Grey Market Premium (GMP). The IPO, which opened for subscription on October 26, 2023, has generated significant interest from investors across the board.

The Grey Market Premium is a vital indicator of investor sentiment and appetite for a new IPO. Here is a recap of the GMP trends for Paragon IPO over the past few days:

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  • October 29, 2023: GMP hit a remarkable ₹99, signaling a 99% premium over the IPO price. The estimated listing price stood at ₹199.
  • October 28, 2023: The GMP was ₹88, reflecting an 88% premium over the IPO price. The estimated listing price was ₹188.
  • October 27, 2023: GMP remained strong at ₹85, representing an 85% premium over the IPO price, with an estimated listing price of ₹185.
  • October 26, 2023: On the day the IPO opened, GMP stood at ₹85, with an 85% premium, and an estimated listing price of ₹185.

These astounding GMP figures have created a buzz in the investment community, making the Paragon IPO one of the most sought-after IPOs in recent memory.

Paragon IPO Key Dates:

The Paragon IPO, which opened on October 26, 2023, is set to close on October 30, 2023. Here are the crucial dates in the IPO timeline:

  • Basis of Allotment Finalization Date: November 2, 2023
  • Refunds Initiation: November 3, 2023
  • Credit of Shares to Demat Account: November 6, 2023
  • Paragon IPO Listing Date: November 7, 2023

With the IPO set to close soon and the Grey Market Premium reaching extraordinary levels, investors are keenly awaiting the listing date for Paragon to see if the enthusiasm continues in the primary market.

Paragon, a leading company in its industry, is expected to make a significant impact in the stock market following its IPO. The high GMP indicates strong investor confidence in the company’s prospects, and all eyes are on its upcoming listing.

Please note that investing in IPOs and the Grey Market involves risks, and it’s essential for investors to conduct their due diligence and seek advice from financial experts before making any investment decisions. The actual listing price and market performance may vary from the Grey Market Premium.

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