Hello everyone, welcome to the latest Grey Market Premium (GMP) updates for August 25th. This article delves into the current premium percentages in the grey market, potential listing gains per lot, and essential details concerning Vikram Solar IPO, Gem Aromatics IPO, Shreeji Shipping Global IPO, and Patel Retail IPO. We will also cover some basic information for these IPOs. For daily IPO GMP updates, you are encouraged to subscribe, and for timely updates, you can join our Telegram group via the link in the comments.
Mangal Electrical IPO
For the Mangal Electrical IPO, information regarding allotment was expected on August 25th. The refund date for non-allotments is August 26th, and shares are scheduled to be credited to Demat accounts on the same day. The company is set to list on both BSE and NSE on August 28th.
The IPO saw a subscription of approximately 11 times in the Qualified Institutional Buyers (QIB) category, and roughly 20 times in the High Net Worth Individuals (HNI) category, with Big HNI subscribing around 20 times and Small HNI around 19 times. Retail investors subscribed approximately 5 times. The total subscription for this IPO stood at about 10 times. While the subscription figures were not as high as initially hoped, they still indicated a reasonable response.
The Grey Market Premium for Mangal Electrical IPO is currently trading at ₹11. With an implied issue price of ₹561, the expected listing price is ₹576. This suggests a potential listing gain of approximately 2.5%, translating to around ₹390 per lot.
Anundita Medicar IPO
The Anundita Medicar IPO opened on August 22nd. August 25th was the second day to apply, and tomorrow will be the last day to submit applications. The company has a face value of ₹10, and the price band is ₹145, which is the upper price at which applications should be made. Applicants must select 1000 equity shares or multiples thereof.
The issue size for this company is approximately ₹69.50 crore, totaling around ₹70 crore. Of this, 50% is allocated to QIBs, 35% to retail investors, and 15% to HNIs. The company is slated for listing on the NSE SME platform.
Key dates for Anundita Medicar IPO include August 28th for allotment, August 29th for processing refunds, and August 29th for crediting shares to Demat accounts. The company’s listing is scheduled for September 1st.
For application, retail investors can apply for a minimum of two lots, requiring an amount of ₹290,000. Small HNI category requires approximately ₹435,000, while Big HNI category requires approximately ₹1,015,000. Promoter holdings stood at 83.95% before the IPO and are expected to be 61.71% post-IPO.
Initial responses to the IPO showed a subscription of more than three times. Based on this, the Grey Market Premium is currently ₹65. With an issue price of ₹145, the expected listing price is ₹210. This indicates a potential listing gain of approximately 45%, providing an estimated gain of ₹65,000 per lot.
Gem Aromatics IPO
For those who applied for the Gem Aromatics IPO and received an allotment, shares are scheduled to be credited to Demat accounts today, August 25th. Refunds for non-allotment are also processed today. The company is set to list tomorrow, August 26th.
This IPO received an “okay-okay” response compared to other IPOs. As of August 25th, the Grey Market Premium for Gem Aromatics IPO is ₹27. Based on an implied issue price of ₹325, the expected listing price is ₹352. This suggests a potential listing gain of approximately 8.5%, with an estimated gain of around ₹1242 per lot.
Shreeji Shipping Global IPO
The Shreeji Shipping Global IPO was open from August 19th and closed on August 21st. Allotment was made to applicants who selected the cut-off price of ₹58, in an issue priced at ₹252. The company will be listed on both BSE and NSE.
For allottees, shares are being credited to Demat accounts today, August 25th, and refunds for non-allotment are also being processed today. The company is scheduled to list tomorrow, August 26th, on both BSE and NSE.
The QIB category showed a strong response, subscribing 111 times, which has contributed to the Grey Market Premium remaining in double digits. The current Grey Market Premium for Shreeji Shipping Global IPO is ₹30. With an issue price of ₹252, the expected listing price is ₹282. This indicates a potential listing gain of approximately 11-12%, leading to an estimated gain of around ₹1740 per lot.
Patel Retail IPO
In the Patel Retail IPO, applicants who selected the cut-off price of ₹255 for a minimum of 58 equity shares would have received an allotment. Today, August 25th, marks the date for processing refunds for non-allotments and crediting shares to Demat accounts for allottees. The company is scheduled to list on both BSE and NSE tomorrow, August 26th.
The subscription figures for Patel Retail IPO were robust, with the QIB category subscribing 272 times. Both Small HNI and Big HNI categories subscribed 108 times, while retail investors subscribed approximately 43 times. The total subscription for this IPO stood at 96 times.
As of today, the Grey Market Premium for Patel Retail IPO is ₹47. With an issue price of ₹255, the expected listing price is ₹302. This suggests a potential listing gain of approximately 19%, which could result in an estimated gain of around ₹2726 per lot.
Vikram Solar IPO
The Vikram Solar IPO had its closing date on August 21st. Allotment decisions were communicated today, August 25th, with refunds processed for non-allottees and shares credited to Demat accounts for allottees. The company is expected to list tomorrow, August 26th. Listing day strategy videos will be available on this channel tonight.
The IPO has shown good momentum in its Grey Market Premium due to a strong response during subscription. The Grey Market Premium for Vikram Solar IPO is currently ₹41. This indicates a potential listing gain of approximately 12-12.5%, with an estimated gain of around ₹1845 per lot.
These reports provide the latest Grey Market Premium updates for the discussed IPOs. Updates for Vikram Solar IPO and other offerings will continue to be provided in a timely manner. Stay connected for all the latest information.
