Today marks the final day for investors to apply for both the All Time Plastic IPO and the JSW Cement IPO. For those planning to participate, it’s crucial to review the latest subscription updates and Grey Market Premium (GMP) figures to assess the associated risks. This article provides a detailed overview to help you make informed decisions.
Important Application Deadlines
If you are using ASBA or net banking, ensure your application is submitted before the specific cut-off time provided by your bank, typically around 3 PM or 4 PM. For those applying via UPI ID, the mandate must be accepted by 5 PM to secure an allotment in either of these IPOs. Post-5 PM, a detailed video will be shared discussing crucial points based on the final subscription numbers.
All Time Plastic IPO: Subscription Status and Listing Outlook
The All Time Plastic IPO has set its cut-off price at ₹275, requiring applicants to select a minimum of 54 equity shares per lot. As of approximately 1 PM today, the subscription figures reveal a mixed response from different investor categories.
QIB Subscription Details: The Qualified Institutional Buyers (QIB) category has not shown a strong positive response. On the first day, the IPO was subscribed 0 times, ending the second day at 0.38 times. Currently, it stands at 0.39 times. A positive momentum might emerge if QIB subscription reaches 5 to 10 times in the final hours of the day.
Other Investor Categories: The HNI (High Net Worth Individual) category has been subscribed 3.05 times, with Big HNI at 2.48 times and Small HNI at 4.17 times. Retail investors have subscribed 3.09 times, and the Employee category leads with 5.39 times subscription. Overall, the IPO currently shows a total subscription of 2.32 times. The prevailing market fear is visibly impacting this company’s subscription.
Risk and Listing Expectations: For risk-takers, if QIB subscription significantly increases in the final hours, it might be an option. However, for investors seeking safe plays, the current Grey Market Premium (GMP) does not indicate substantial listing gains. The IPO could potentially list with a 5-10% gain or even a 5-10% discount. Investors should be prepared for either scenario. The GMP for All Time Plastic IPO has dropped to a single digit, currently ₹7, suggesting a listing gain of approximately 2.5%, which translates to an estimated ₹200-₹400 per lot.
JSW Cement IPO: Latest Subscription Figures and Investment Strategy
The JSW Cement IPO also concludes its application period today. The cut-off price is set at ₹147, and applicants must select a minimum of 102 equity shares per lot to be considered for allotment.
QIB Subscription Details: The QIB category in JSW Cement IPO has shown a comparatively more positive response, subscribing 1.8 times so far. If QIB subscription reaches 10 times by 2 PM, investors might consider applying with a slight risk.
Other Investor Categories: HNI subscription stands at 1.97 times, with Big HNI at 1.89 times and Small HNI at 2.12 times. Retail investors have subscribed 1.19 times. The total subscription for JSW Cement IPO currently stands at 1.35 times. For context, it was subscribed 0.30 times on Day 1 and 0.59 times on Day 2. While the QIB response is better than All Time Plastic, it may not reach significantly high levels.
Risk and Listing Expectations: The Grey Market Premium for JSW Cement IPO, which was ₹5 in the morning, has now declined
