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Pune E-Stock Broking IPO GMP: Check Allotment Date, Listing Date, And Other Details

The Indian stock market is set to witness another exciting initial public offering (IPO) as Pune E-Stock Broking, a leading online discount brokerage firm prepares for its public listing. For investors, this IPO is an opportunity to align with the ongoing digitization of the financial services sector.

The Changing Landscape of Stock Trading

Traditional stock broking firms have been long hegemonic in India while technology enabled platforms have disrupted their dominance. In this digital journey, Pune E-Stock Broking has emerged on top with its ingenious online trading platform and price competition.

IPO Details

This IPO aims to raise ₹500 crore ($70 million), comprising fresh issue of ₹300 crore and offer for sale of ₹200 crore by existing shareholders. The issue opens on March 20th 2024 and closes on March 22nd 2024.

Grey Market Premium (GMP)

Grey market premium (GMP) is an important parameter to judge the demand of an IPO as well as investor sentiments. Grey market sources claim that the Pune E-Stock Broking’s IPO has been trading at a premium range of ₹35-40 per share in grey market indicating strong investor interest.

Allotment and Listing Dates

It is expected that the basis of allotment for Pune E-Stock Broking IPO will be finalized by 27th March, 2024. The successful applicants will receive their shares on 29th March, 2024. The company’s shares are expected to make a debut on BSE and NSE on April 3rd, 2024.

Pune E-Stock Broking’s IPO is an exciting investment prospect for investors with its disruptive business model and digitalization tailwinds. However, any prudent investor must know the basics about the company before making an informed decision.

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