Flair Writing IPO GMP Running at ₹83

Flair Writing IPO has witnessed a surge in its gray market premium (GMP), reaching ₹83 today, an increase of ₹3 from Wednesday’s ₹80. This heightened gray market sentiment reflects growing optimism in the Indian stock market and the substantial investor response to public offerings during the reservation period.

The gray market premium, now at ₹83, implies that the gray market anticipates the Flair IPO listing price to be around ₹387 (₹304 + ₹83), marking an approximate 27% increase from Flair’s IPO price band of ₹288 to ₹304 per share.

It’s crucial to note that stock market experts caution against relying solely on the gray market as an indicator for potential listings from public issues. The gray market is unregulated and speculative, unrelated to a company’s financials. Experts emphasize that investors should base their decisions on a thorough analysis of the company’s balance sheet, which provides a fundamental understanding of the company’s health.

While gray market trends can offer insights, they are subject to speculation and sometimes misinformation, making it imperative for investors to focus on the company’s financial fundamentals when making investment decisions.