BazaarBaazi desk मुहूर्त
IPO and GMP
Mainboard and SME IPOs. Anchor book breakdowns, GMP signal vs noise, DRHP red flags, and post-listing trajectory.
Anchor book vs 47x cover: five FPIs priced GoFirst Logistics at ₹220
Retail came in at 14x, but QIB went 86x and the anchor sheet is what set the ₹220 print, while the DRHP carries three signals the subscription noise has buried.
Aditya Sharma · 8 min read
IPO and GMPNorges, GIC, ADIA quietly took 40 percent of GoFirst's anchor pot before retail saw a screen
QIB came in at 86x and the GMP printed ₹38 intraday, but the anchor allocation paper trail and a Q3FY24 auditor swap are the two things post-listing pricing will actually answer for.
Aditya Sharma · 9 min read
IPO and GMPFive FPI Sovereigns Absorbed 40 Percent of GoFirst Logistics' ₹369 Crore Anchor Book
The 47x cover number is travelling on every group, but the real read sits inside the 38-name anchor list, while the GMP fade from 38 to 22 looks like exit pricing rather than weakness.
Aditya Sharma · 8 min read
IPO and GMPBehind GoFirst Logistics's 47x book, sovereign funds locked 40 percent of the anchor
The QIB book closed 86x and the GMP faded from 38 to 22 by Day 3, but the story sitting under both numbers is a sovereign-and-domestic-mutual anchor list that took 45 percent of the issue at the upper band.
Aditya Sharma · 9 min read
IPO and GMPBehind GoFirst Logistics' 47x subscription, a sovereign money stamp masks three DRHP red flags
The QIB number is carrying the headline subscription, but the GMP fade and the auditor switch are what post-listing desks should actually be reading.
Aditya Sharma · 6 min read
IPO and GMPNorges, GIC and ADIA take 40 percent of GoFirst Logistics' anchor pot
The QIB book was covered 86 times and the GMP faded from ₹38 to ₹22 by close, but the real signal sits in the 38-name anchor sheet that nobody outside the BRLM rooms is reading line by line.
Aditya Sharma · 9 min read