The primary market investors are witnessing hectic activities this week with the ongoing subscription for as many as 16 IPOs. The active issues also include six mainboard IPOs.
While all eyes are on the HDB Financial Services IPO, one of the largest public offers so far this year, other important issues include the Kalpataru IPO and the Ellenbarrie Industrial Gases IPO.
Here’s a look at the latest grey market premiums of all active mainboard issues.
HDB Financial Services IPO GMP
The HDB Financial Services IPO is expected to see a strong listing, as per GMP trends.
According to InvestorGain, HDB Financial Services IPO GMP stood at Rs 53 as of 3:00 p.m. on June 26. The GMP indicates shares of the company to be listed at an estimated price of Rs 793 at a premium of 7.16% against the upper end of the price band.
The IPO of the HDFC Bank subsidiary is a book-building issue of Rs 12,500 crore. It comprises a fresh issue of 3.38 crore shares worth Rs 2,500 crore and an offer for sale of 13.51 crore shares worth Rs 10,000 crore.
The price band for the IPO is set between Rs 700 and Rs 740 per share.
The IPO, which opened on June 25, was fully subscribed on Thursday (Day 2). The public issue was subscribed 1.10 times, as per the NSE data till 4:24 p.m. on Thursday.
The IPO will close for subscription on June 27. The allotment of shares is proposed to be finalised on June 30. Shares of HDB Financial Services are expected to be listed on the NSE and BSE on July 2.
Ellenbarrie Industrial Gases IPO GMP
The Ellenbarrie Industrial Gases IPO is likely to see a strong market debut. Its GMP stood at Rs 23.5 as of 2:53 p.m. on June 26, according to InvestorGain. It means the IPO shares are likely to be listed at Rs 423.5 apiece at a premium of 5.88% over the issue price.
Ellenbarrie Industrial Gases IPO is a bookbuilding issue of Rs 852.53 crore. The IPO is a combination of a fresh issue of 1 crore shares, worth Rs 400 crore, and an offer-for-sale (OFS) of 1.13 crore shares worth Rs 452.53 crore.
The price band is set at Rs 380 to Rs 400 per share. The mainboard issue will conclude its subscription on June 26.
The IPO was booked 22.11 times as of 4:24 p.m. on June 26, the third and last day of bidding. The allotment of shares is tentatively scheduled for June 27. It is proposed to be listed on the BSE and NSE on July 1.
Kalpataru IPO GMP
Kalpataru Ltd. is likely to see a muted market debut, as per the latest GMP. The latest GMP stood at Rs 3 as of 2:59 p.m. on June 26, according to InvestorGain. The GMP indicates a listing price of Rs 417 per share at a premium of 0.72% apiece over the upper end of the price band.
Kalpataru IPO is a book-building issue of Rs 1,590 crore, comprising entirely a fresh issue of 3.84 crore shares. The price band for the IPO is set between Rs 387 and Rs 414 per share.
The IPO was fully subscribed on Thursday. The public issue was booked 2.26 times as of 4:27 p.m. on June 26, the third and final day of bidding.
Share allotment for the Kalpataru IPO is expected to be finalised on June 27. The IPO listing date has been scheduled for July 1. Shares of the company will be listed on the NSE and BSE.
Globe Civil Projects IPO GMP
Globe Civil Projects is likely to deliver good listing gains as suggested by its grey market premium. As of 2:53 p.m., the GMP was at Rs 17, indicating a Rs 88 apiece listing price at a potential premium of 23.94% on the upper limit of the price band.
Globe Civil Projects aims to raise nearly Rs 120 crore through this IPO from the primary market via a fresh issue. The price band for the offer is set in the range of Rs 67 to Rs 71 per share.
The mainboard IPO was booked 85.29 times till 4:27 p.m. on June 26, the third and final day of bidding, as per the NSE data.
Allotment of shares is expected to be finalised on June 27. It is proposed to be listed on the NSE and BSE on July 1.
Sambhv Steel Tubes IPO GMP
The Sambhv Steel Tubes IPO GMP indicates a strong listing of shares. The latest GMP stood at Rs 10 at 2:55 p.m. on June 26. This shows shares of the company are likely to be listed at Rs 92 apiece, indicating a premium of 12.2% over the upper end of the price band.
The Sambhv Steel Tubes IPO is a bookbuilding issue of Rs 540 crore. It comprises a fresh issue of 5.37 crore shares, worth Rs 440 crore, and an offer-for-sale (OFS) of 1.22 crore shares, amounting to Rs 100 crore. The price band for the IPO is fixed at Rs 77 to Rs 82 per share.
The issue was fully subscribed on Day 2. The mainboard IPO was booked 1.6 times till 4:27 p.m. on June 26, the second day of bidding, as per the NSE data.
The IPO will close for subscription on June 27. Allotment of shares is expected to be finalised on June 30. It is proposed to be listed on the NSE and BSE on July 2.
Indogulf Cropsciences IPO GMP
Indogulf Cropsciences IPO GMP stood at Rs 11 as of 3:28 p.m. on June 26. The GMP indicates a listing price of Rs 122 per share at a premium of 9.91% compared to the upper end of the issue price.
The price band for the issue is set between Rs 105 and Rs 111 per share.
The Indogulf Cropsciences IPO is a book-building issue of Rs 200 crores, which opened for subscription on June 26.
The mainboard IPO was booked 0.37 times or 37% till 4:27 p.m. on June 26, as per the NSE data.
The IPO listing has been tentatively scheduled for July 3. Shares of Indogulf Cropsciences will be listed on the NSE and BSE.
Note: GMP does not represent official data and is based on speculation.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
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