Vivid News 24: Today, KFin Technologies Ltd. shares will start trading on the stock exchange. According to information on the BSE website, equity shares of KFin Technologies Limited will be listed and admitted to trading on the exchange as part of the list of the “B” group of securities as of Thursday, December 29, 2022.
During a special pre-open session, the share price of KFin Technologies will launch on both the BSE and NSE. Despite being fairly priced, the KFin Technologies IPO reportedly received a lackluster response from investors.
The likelihood of a positive debut for KFintech shares has been further harmed by secondary market correction and the dismal listing of previous IPOs. They predicted a subdued debut for KFin Technologies shares, with an opening price near the top end of its price range, or $366 per share.
Abhay Doshi, the founder of UnlistedArena.com, predicted that KFin Technologies’ listing price would be: “After a few weeks of listings and secondary market corrections, the recent conditions of primary markets have gotten worse. As the IPO appeared to be fully priced, the KFintech IPO had a lackluster reaction.
Given the aforementioned factors, it’s possible that KFintech may list extremely quietly and that the IPO will only trade at or near its issue price.” ‘Muted’ KFin Technologies share debut is anticipated, Proficient Equities’ founder and director, Manoj Dalmia, stated: “A subdued launch is what we anticipate for KFin Technologies’ stock.
In a bull market, there may be some purchasing activity in the stock, and defensive investors may want to wait a week to determine the trend in the movement of the share price of KFin Technologies. Allottees may consider selling their shares of KFin Technologies near the public issue’s upper price band as further selling pressure is anticipated in a down market.”
“From a long-term investment standpoint, KFin Tech, which is mostly owned by funds managed by private equity firm General Atlantic, is a wise choice. On the listing day, we anticipate that the IPO may list around the higher price band of $366 “said Ravi Singh, Share India’s vice president and head of research.
What does KFin Technologies IPO GMP indicate?
Market watchers claim that shares of KFin Technologies are currently trading at a premium of 5, which indicates that the grey market anticipates the company’s shares to list at roughly $371 (366 plus 5).
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