Gaudium IVF IPO: Profit is visible in gray market, invest money or not? Brokerage gave opinion – Market

Gaudium IVF IPO: The IPO of Rs 165 crore of Gaudium IVF, which is going to become the first listed company in the fertility care sector, has opened. The upper valuation of this issue, which came at the price band of Rs 75-79, comes to around Rs 575 crore. In the gray market, the share is trading at a premium to the upper end of the price band at Rs 79, indicating potential listing gains. But the question remains whether it is right to invest money just by looking at GMP or not? Let us understand what is the opinion of brokerage regarding Gaudium IVF IPO?

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