Moneyview IPO: Allotment Day Arrives, GMP at 38%
Listen to the story
Moneyview is a company. It has an IPO now. An IPO means a company sells shares to the public for the first time.
Today is allotment day. Allotment means the company gives shares to people who asked for them. Investors can check their allotment status online.
People can check the status on BSE and NSE. These are big stock markets in India. People can also check on the registrar. The registrar is a company that manages the shares.
The GMP for Moneyview is 38%. GMP means grey market premium. It shows the extra price people pay for shares before they start trading.
A high GMP can show that many people want the shares. But GMP can change fast. It is not a sure sign of success.
Investors must decide: apply or avoid. This means they choose to buy the shares or not buy them.
The story does not give the exact share price of Moneyview. It also does not give exact allotment numbers.
People who applied for shares should check the official websites today for correct information.
Vocabulary7 words
- IPO
- when a company sells shares to the public for the first time
- allotment
- giving shares to people who asked for them
- BSE
- a big stock market in India
- NSE
- another big stock market in India
- registrar
- a company that manages share records
- GMP
- extra price paid for shares before real trading starts
- share price
- the cost of one share
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Quiz
Answer key
1. Share allotment 2. 38% 3. True
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Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Moneyview is a company. It has an _____ now.
Today is _____ day.
People can check the status on _____ and _____.
People can also check on the _____.
The _____ for Moneyview is 38%.
GMP means grey market _____.
Investors must decide: apply or _____.
The story does not give the exact share _____ of Moneyview.
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