Latest IPO Grey Market Premium (GMP) Update: Mahindra RTS & Regal Resources IPOs on August 14th
Welcome to today’s Grey Market Premium (GMP) update for August 14th. In this article, we’ll be discussing the latest GMP trends and expected listing gains for Mahindra RTS IPO and Regal Resources IPO, along with their basic details. We’ll cover subscription status, important dates, and listing outlook for both. For daily IPO GMP updates, subscribe to our channel. You can also join our Telegram group for timely updates.
Mahindra RTS IPO: Final Day to Apply & Latest GMP
Today, August 14th, marks the final day to apply for the Mahindra RTS IPO, which opened on August 12th and continued on August 13th. This is a Book Building IPO set to list on NSE SME.
Mahindra RTS IPO Overview The company’s face value is ₹10, with an upper price band of ₹85. Investors need to apply for a minimum of two lots, with each lot comprising 1600 equity shares. The total issue size stands at approximately ₹49 crore, which includes a fresh issue of around ₹38 crore and an Offer for Sale (OFS) of about ₹9 crore. Promoter holding, which was 100% pre-IPO, will be 73.68% post-IPO.
Important Dates for Mahindra RTS IPO Key dates for Mahindra RTS IPO include: Allotment on August 18th, refunds processed on August 19th, shares credited to Demat accounts on August 19th, and listing on NSE SME on August 20th. For retail investors, the minimum and maximum application is two lots, requiring approximately ₹2,72,000. Small HNI investors can apply for a minimum of three lots (₹4,08,000), while Big HNI investors need around ₹10,88,000 for a minimum application.
Subscription Status (End of Day 2) As of the end of day two, the Mahindra RTS IPO’s subscription figures were:
- QIB Category: Not significantly subscribed.
- HNI Category: 2.32 times subscribed (Big HNI: 2.63 times, Small HNI: 1.71 times).
- Retail Individual Investors (RII): 3.83 times subscribed.
- Total Subscription: 2.90 times.
Mahindra RTS IPO Grey Market Premium (GMP) & Listing Outlook The latest Grey Market Premium (GMP) for Mahindra RTS IPO is reported at ₹11. Based on the upper price band of ₹85, the expected listing price is approximately ₹96 (₹85 + ₹11). This indicates a potential listing gain of around 13% per lot, which translates to about ₹15,000 to ₹16,000. However, for an SME IPO, typically a 30-40% GMP and 5-10 times subscription are considered strong for application. Further updates will be shared on our Telegram group around 2-3 PM if any positive momentum is observed.
Regal Resources IPO: High Subscription & Listing Potential
The Regal Resources IPO, which opened on August 12th and 13th, also has its last day to apply today, August 14th. This is a Book Building IPO set to list on both BSE and NSE.
Regal Resources IPO Overview The company has a face value of ₹5, with a cut-off price (upper price band) of ₹12. Investors must apply for a minimum of 144 equity shares per lot. The total issue size is ₹306 crore, comprising a fresh issue of ₹210 crore (funds for the company) and an Offer for Sale (OFS) of ₹96 crore (for promoters/existing shareholders). The issue distribution is 50% for QIBs, 35% for Retailers, and 15% for HNIs. Promoter holding was 99.56% pre-IPO and now stands at around 71% post-IPO.
Important Dates for Regal Resources IPO For Regal Resources IPO, the allotment date is August 18th. Refunds will be processed on August 19th, shares will be credited to Demat accounts on August 19th, and the company will list on BSE and NSE on August 20th. When applying, if you use net banking, ensure completion before the bank’s specified time (usually 3-4 PM). If using a UPI ID, the mandate must be accepted by 5 PM. The minimum application for one lot requires ₹14,688. Small HNI investors need approximately ₹2,56,320, and Big HNI investors need around ₹13,47,200.
Subscription Status (Approx. 11 AM on Last Day) As of approximately 11 AM on the last day, Regal Resources IPO has shown strong subscription figures:
- QIB Category: 3.52 times subscribed.
- HNI Category: 106 times subscribed (Small HNI: 104 times, Big HNI: 108 times).
- Retail Individual Investors (RII): 27-28 times subscribed.
- Total Subscription: 37 times, with approximately 17 lakh applications received. Given these figures, retail investors have the highest chance of allotment, followed by Big HNI, with Small HNI having the lowest chance of allotment.
Regal Resources IPO Grey Market Premium (GMP) & Listing Outlook The current Grey Market Premium (GMP) for Regal Resources IPO is robust, ranging from ₹32 to ₹34. With a cut-off price of ₹12, the expected listing price is approximately ₹36 (₹12 + ₹34). This suggests a significant potential listing gain of 33-34%, translating to around ₹5,000 per lot. Stay tuned for real-time updates as the GMP for this IPO continues to be dynamic.
Conclusion
Stay tuned for real-time updates on these and other IPOs. We encourage you to share your application strategy for these IPOs and how you fared with recent listings like JSW Cement IPO and All Time Plastic IPO, including whether you booked profits. Post-listing videos for JSW Cement IPO and All Time Plastic IPO will also be available on this channel. For any further queries, feel free to comment below.
