This article provides a comprehensive update on the latest Grey Market Premium (GMP) for several Initial Public Offerings (IPOs) as of August 13th. We will examine the current GMP, expected listing gains per lot, and other crucial details for JSW Cement, Rig Resources, All Time Plastic, Bluestone Jewellery, and Knowledge Realty Trust IPOs.
General Market Overview
Currently, some IPOs are showing an increase in their Grey Market Premium, while others are experiencing a decline. This includes IPOs whose application periods have closed and allotments have been made, where a decline has also been observed. The potential impact of these movements will be discussed further. We will also look at key observations for two companies scheduled for listing tomorrow.
Knowledge Realty Trust IPO Latest GMP
The Knowledge Realty Trust IPO, a REIT IPO, currently shows a stable Grey Market Premium (GMP) of ₹1.5 on August 13th. The expected listing price is ₹101.50, potentially offering a listing gain of approximately 1.5% per lot. Investors could see an estimated listing gain of around ₹225 from this IPO. Given its current GMP, this IPO is considered to have a good premium and a strong chance for favourable listing gains.
JSW Cement IPO Allotment Status & GMP
The allotment status for JSW Cement IPO has been released. As of today, August 13th, its Grey Market Premium (GMP) stands at ₹5. The expected listing price is ₹152, suggesting a listing gain of about 5% per lot. This could translate to an estimated listing gain of approximately ₹510 per lot. Given the current Grey Market Premium, investors might consider a wait-and-watch approach. Its listing is scheduled for tomorrow, and a listing day strategy video will be available on this channel.
All Time Plastic IPO GMP Update
The All Time Plastic IPO, which previously saw its Grey Market Premium (GMP) in double digits, has now dropped to a single digit of ₹4.5. The expected listing price is ₹151.50, potentially yielding a listing gain of around 4% per lot. Based on the current GMP, this IPO could offer an estimated listing gain of approximately ₹459 per lot. The listing for this IPO is also scheduled for tomorrow, alongside JSW Cement IPO. A detailed listing day strategy video will be provided to guide investors on their approach for this IPO. These strategies will consider today’s market conditions for those who have received allotments or were planning to observe the IPO post-listing.
Bluestone Jewellery IPO: Last Day to Apply & GMP
Today, August 13th, marks the final day to apply for the Bluestone Jewellery IPO, following its initial two days of application on August 11th and 12th. Investors should monitor the Qualified Institutional Buyers (QIB) and High Net Worth Individual (HNI) subscription responses before deciding to apply. A video update on QIB response is expected around 1:00-1:30 PM today. The company’s cut-off price is ₹517, and applicants need to select 29 equity shares. The total issue size is ₹1540 crore, with only 10% of shares allocated to retail investors.
Important dates for the Bluestone Jewellery IPO include allotment on August 14th, refunds on August 18th, shares credited to Demat accounts on August 18th, and listing on both BSE and NSE on August 19th. A minimum of ₹14,993 is required to apply for one lot. For HNI categories, the Small HNI category requires approximately ₹2,09,902, and the Big HNI category requires approximately ₹1,45,310. Promoter holding has decreased from 18% to 16%. As of the end of day two, the IPO was subscribed 0.66 times overall, with some positive response from QIBs. If the QIB category is subscribed more than 10 times by 1:00-1:30 PM, investors might consider applying with some risk, provided market conditions are favourable. If market conditions are not favourable, a good listing gain may not be realised. The current Grey Market Premium (GMP) is ₹2.5, suggesting an expected listing price of ₹519-520 and a listing gain of approximately 0.5% per lot, translating to about ₹72.
Rig Resources IPO Subscription & GMP Soars
The Rig Resources IPO, which opened yesterday, has shown an impressive response, leading to significant excitement and a surge in its Grey Market Premium (GMP). Today is the second day of application, and an update on subscription figures across categories will be available in the evening. The last day to apply is August 14th. The cut-off price is ₹102, and applicants need to select 144 equity shares. This IPO has a relatively small issue size of ₹306 crore. Shares are allocated as follows: 50% for QIBs, 35% for retail investors, and 15% for HNI category.
Key dates for the Rig Resources IPO include the last application day on August 14th, allotment on August 18th, refunds on August 19th, shares credited to Demat accounts on August 19th, and listing on both BSE and NSE on August 20th. A minimum of ₹14,688 is required to apply for one lot. For HNI categories, the “Big Small HNI” requires approximately ₹25,632, and the “Small HNI” requires approximately ₹13,472. Promoter holding, which was 99.56%, will be 70.45% after the IPO. On day one, the IPO received a strong response, with QIBs subscribing 2.94 times and the overall IPO subscribed 5.94 times, driven by good HNI and retail participation. This strong response has directly impacted its GMP, which has surged from approximately 20% to ₹32. Based on this, the expected listing price is ₹134, with a potential listing gain of around 31% per lot, estimated at approximately ₹468. Regular updates on this IPO will be provided.
Conclusion
This concludes the daily IPO Grey Market Premium update for August 13th. Stay connected for further updates on these and other IPOs. You can also join our Telegram group for timely information, with the link available in the comments section.
