To list Freight Expediters IPO to list Wednesday; GMP signals muted list. Check the price and other key details here

With the AT’s award for the OM Transports completed, the investor focus switched to its potential listing performance, as the share will debut at Indian exchanges on October 8. The market trends indicate that the listing can be muted. According to market sources, the Gray Market Premium (GMP) for the IPO of the OM trucks currently stands at £ 2 per share, which indicates that the share could list around the issue price or possibly at a slight discount. The Gray Market Premium serves as an informal measure of investor sentiment and indicates the expected difference between an IPO’s issue price and the estimated listing price. However, analysts emphasize that the GMP is merely an early sentiment indicator and should not be relied on on the only basis for investment decisions. To Freight Expediters IPO details the £ 122.31 IPO, which was open from September 29 to October 3, received a decent response from investors, which is 3.88 times subscribed. The non-institutional investor (NII) segment is 7.39 times subscribed, while the retail section has seen a 2.77-times subscription, and the QIB category is 3.97 times subscribed. The edition consists of a new edition of 0.18 crore shares that have been combined up to £ 24.44 crore and an offer for sale (OFS) of 0.73 crore shares that have been raised up to £ 97.88 crore. The company plans to utilize the returns from the new issue of capital spending requirements and general corporate purposes. Smart Horizon Capital Advisors Pvt. Ltd. is the general manager of books and Bigshare Services Pvt. Ltd. is the registrar of the issue. About Freight Expediters to Freight Forwarders is a third-party logistics (3PL) provider that offers integrated services such as international cargo expansion, customs clearance (cha), speed agency services, transport, warehouse and distribution. The company claims to provide cost-effective, end-to-end logistics solutions, to ensure smooth operations and timely delivery for businesses worldwide. It is also dealing with project freight, a specialized activity that requires detailed planning and technical expertise. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or brokerage companies, and not of currency. We advise investors to check with certified experts before making investment decisions.