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Sahara Maritime IPO GMP, Grey Market Premium Today

by admin

Sahara Maritime, the sea freight forwarding company set to debut on the BSE SME platform tomorrow, is surprisingly absent from the usual pre-IPO grey market chatter. This lack of premium, or GMP (Grey Market Premium), could indicate cautious investor sentiment towards the small-cap offering.

The IPO, aimed at raising ₹6.88 crores, has set a fixed price band of ₹81 per share. While the company boasts revenue growth from ₹21.05 crores in 2022 to ₹26.11 crores in 2023, concerns surround its profitability and market size. Additionally, the SME platform generally sees lower liquidity compared to the main BSE and NSE boards, further adding to the cautious outlook.

However, with the IPO opening just today, some analysts believe the GMP might emerge later in the day or tomorrow. They advise investors to thoroughly analyze the company’s financials and prospects before making any decisions.

Whether Sahara Maritime sails smoothly towards listing or encounters rough waters remains to be seen. Investors are advised to keep a close eye on developments and exercise due diligence before taking the plunge.

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