MTAR share price: ​MTAR ready for a ride to the moon!

MTAR share price: ​MTAR ready for a ride to the moon! Handsome listing gain likely on Monday


NEW DELHI: Sky's the limit! IPO investors of MTAR Technologies, which makes engines for India’s rocket programme, will hope for this maxim to come true on Monday as they will be eyeing a handsome listing gain. And, trends are in their favour.
Going by the demand in unofficial market for unlisted shares, also called grey market, the scrip is likely to list at a premium of around 84-86 per cent over the issue price. The stock will debut at 10 am on the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) on March 15.
Abhay Doshi, a dealer of unlisted shares and founder of UnlistedArena, said the grey market premium (GMP) of MTAR Tech is stable at Rs 495. Similarly, another dealer, Dinesh Gupta of UnlistedZone said the GMP is in the range of Rs 485-490.

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