Rainbow Children’s Midcare IPO may be listed on BSE and NSE tomorrow i.e. on 10th May. The IPO of this company was open from 27 April 2022 to 29 April 2022. The IPO got a good response. But now the trend of this IPO in the secondary market is showing negative. According to market watchers, today the IPO of this company is trading at a premium of Rs 13 in the gray market.
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Price fell in gray market compared to yesterday
According to market watchers, the price of Rainbow Children’s Midcare IPO has come down from Rs 20 to Rs 13 in gray market today. That is, the fall of Rs 7 within a day is pointing towards a negative trend. At the same time, according to stock market experts, the IPO of this company can be listed in the stock market at a discount of 10 percent.
What are the experts’ guesses?
Ravi Singhal, Vice Chairman, GCL Securities says, “Rainbow Children Medicare Limited is a loss making company. Apart from this, the current trend of the market is also quite negative. I expect the shares of this company to be listed with a discount of 10 percent. At the same time, Abhay Doshi of Unlistedarena.com says, ‘The company’s IPO has got a mixed response. As far as the listing is expected, it can stay on the border.