Apply in Mundra Port IPO for Listing Gains

Mundra Port IPO which opened for subscription yesterday has been oversubscribed in the opening hour itself. At the end of Day 1 Mundra Port and SEZ IPO has been oversubscribed by 7 times.

Analysts have expressed their views, that the Mundra Port and SEZ is the first port based SEZ in India and has no other competitors in its space to operate. The  company is backed by the Adani Group and the finacials of the company looks good.

If we see the Indian IPO Grey Market Premiums  , Mundra Port IPO Grey Market Premium is quoted around Rs 330 on top of the Issue Price, which suggests the Listing of Mundra Port IPO will be around Rs 770. So investors can apply in this IPO for long as well as short term listing gains.

When compared to the recent IPO’s like the Religare and the Barak Valley Cements IPO which have received tremendous response from the investors and lot of money flowing into the Indian IPO’s now because of the volatility in the Indian Stock Markets, Subscription of the Mundra Port IPO is also likely to be very high.

Investors can apply at the cut off price in Mundra Port IPO.