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Below are Quote on Which is the best IPO to apply for listing gains and what is the grey market telling you by Mr. Yash Gupta Equity Research Associate, Angel Broking Ltd   

Which is the best IPO to apply for listing gains and what is the grey market telling you?

IPO market would remain heated in the ongoing week as two IPO open today, on 14^th June 2021, and two opening on 16^th June 2021. These IPOs are coming when the broader markets are at all-time highs along with heavy retail participation.

Overall total IPO size of 4 IPOs is ₹9123 crores of which Sona BLW’s IPO size itself is of ₹5550 Crores.

If we look at different market news about the grey market premium, we have seen lots of ups & downs in the grey market premium of various IPOs.

As per the latest market grey market news, Shyam Metalics’ GMP suggests that it would have the best listing gains among all four IPOs. It is expected that the Shyam Metalics can open with a premium of 40%-50% as per the grey market news. Dodla Dairy quoting at premium of 35%-40% and other two IPOs are quoting at very nominal grey market premium. As unblocking of funds for Shyam Metalics and Sona BLW will happen on 21^st June and last date for Dodla dairy and KIMS will be on 18^th June, investors cannot use the same amount for applying the IPO. 

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