Tempsens Instruments Shares More Than Double on Market Debut
Listen to the story
Tempsens Instruments is a new company on the stock market. Its shares started trading today. The IPO price was the first price for the shares. On the first day, the shares went up by 111 percent. This means the price more than doubled. Before the listing, there was a strong GMP. This showed that many people wanted to buy the shares. GMP means grey market premium. It is a sign of price before listing. The company's shares are on the NSE and the BSE. These are stock markets in India. People who got shares in the IPO used KFinTech to check their allotment. Allotment means getting shares after asking for them. Now some experts ask a question. Should people buy, sell, or hold the shares?
Vocabulary8 words
- IPO
- when a company sells shares to the public for the first time
- listing
- when a company's shares start trading on a stock market
- GMP
- grey market premium; a sign of price before official trading starts
- NSE
- a big stock market in India
- BSE
- another big stock market in India
- KFinTech
- a company that helps manage share allotment
- allotment
- getting shares after you ask to buy them
- hold
- to keep something, like shares, and not sell it
Quiz
Answer key
1. 111 percent 2. Price before official listing 3. NSE and BSE
Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Tempsens Instruments is a new company on the stock _____. Its shares started trading today. On the first day, the shares went up by _____ percent. Before the listing, there was a strong _____. This showed that many people wanted to _____ the shares. The company's shares are on the NSE and the _____. People who got shares in the IPO used KFinTech to check their _____. Now some experts ask a question. Should people buy, sell, or _____ the shares?