Welcome to the latest update on Grey Market Premium (GMP) for various Initial Public Offerings (IPOs) as of August 11th. In this article, we will delve into the current GMP percentages, expected listing gains per lot, and other essential details for several prominent IPOs, including JSW Cement IPO, Highway Infrastructure IPO, All Time Plastic IPO, and BlueStone Jewellery IPO, among others. Stay informed on the latest trends and subscription statuses.
Knowledge Reality Trust IPO
Today marks the allotment date for the Knowledge Reality Trust IPO. This company operates as a Real Estate Investment Trust (REIT), typically attracting large institutional investors. As of August 11th, its Grey Market Premium is trading at ₹1.5, indicating a positive trend. Such IPOs usually do not have high expectations for listing gains, as major investors primarily focus on dividend opportunities. This IPO can be observed for long-term study, exploring potential future investment opportunities within similar REIT structures.
All Time Plastic IPO
The application period for All Time Plastic IPO is concluding today, August 11th, after two days of subscription on August 7th and 8th. To apply, investors must select the upper price band of ₹275 and a minimum of 54 equity shares per lot. Employees are offered a discount of ₹26, with a cut-off price of ₹29. The IPO has a small issue size of ₹400 crore, with shares allocated as 50% for Qualified Institutional Buyers (QIBs), 35% for Retail investors, and 15% for High Net Worth Individuals (HNIs). An update on the subscription numbers between 12 PM and 2 PM today will provide more clarity for application decisions.
The allotment date for All Time Plastic IPO is August 12th, with refunds processed on August 13th and shares credited to Demat accounts on the same day. Listing on both BSE and NSE is scheduled for August 14th. A minimum of ₹14,850 is required to apply for one lot. For Small HNI category, ₹2,07,900 is needed, while for Big HNI, the requirement is ₹1,09,800. Promoter holdings stood at 91% pre-IPO and will be 70% post-IPO, reflecting a healthy shareholding pattern. Initial subscription responses have been moderate, suggesting a “wait and watch” approach. The GMP, which was previously at 10%, has now dropped to ₹14 (around 5%). Based on this, the expected listing price is ₹289, potentially offering a listing gain of ₹756 per lot.
Regal Resources IPO
Regal Resources IPO is set to open tomorrow, August 12th, and will close on August 14th, with August 13th being the second day for applications. The company has a face value of ₹5, and the upper price band for application is ₹112. A minimum of 144 equity shares must be selected for one lot. With an issue size of ₹306 crore, it is considered a small IPO, reserving 35% of shares for retail investors. The company will be listed on both BSE and NSE.
Key dates for Regal Resources IPO include August 18th for allotment, August 19th for refunds, and Demat account credit. Listing is scheduled for August 20th. Applying for one lot requires ₹14,688. Small HNI investors need ₹2,05,632, and Big HNI investors need ₹13,472. The Grey Market Premium for this IPO shows strength, trading at ₹22, which suggests a potential listing price of ₹134 and a listing gain of approximately ₹3,168 per lot, with around a 1.2% chance of listing. However, it is advisable to wait and observe the subscription trends for the first two days and overall market conditions before making an application decision.
BlueStone Jewellery IPO
BlueStone Jewellery IPO opens today, August 11th, with the last application date being August 13th. Updates on its day-one subscription status will be available after 6 PM today. The company has a face value of ₹1, and the upper price band for application is ₹517. Investors need to apply for a minimum of 29 equity shares per lot. With a total issue size of ₹1540 crore, this is a larger IPO, but only 10% of shares are reserved for retail investors. Being part of the jewelry sector, positive news for the industry could lead to a favorable listing, while negative news might have the opposite effect. Listing will occur on both BSE and NSE.
Important dates include August 14th for allotment, August 18th for refund processing and Demat account credit, and August 19th for listing. A single lot application requires ₹14,993. Small HNI investors need ₹2,09,902, and Big HNI investors need ₹14,531. Promoter holding was 18% pre-IPO and will be 16% post-IPO. The Grey Market Premium, which was previously around 3-4%, has now decreased to about 2%. Based on the current GMP, it is not recommended to apply. Instead, observe the subscription performance during the first two days before making any plans.
Highway Infrastructure IPO
For those who have applied and received allotment in the Highway Infrastructure IPO, despite strong subscription figures, the Grey Market Premium is experiencing a decline. This is largely attributed to the company’s small issue size of ₹130 crore, which allows major players to influence the market. Currently, its Grey Market Premium is trading at around 34%, with an expected listing price of approximately ₹564.
JSW Cement IPO
Today, August 11th, is the final day to apply for the JSW Cement IPO. Investors considering application are advised to wait for the QIB response, which will be updated around 12 PM to 2 PM via video or the Telegram group linked in the comments. To apply, the upper price band of ₹147 must be selected, with a minimum of 102 equity shares per lot. The company is set to list on August 14th.
A minimum of ₹14,994 is required to apply for one lot. The initial two days did not show significant investor interest. The decision to apply or avoid this IPO should be made after reviewing the QIB response today. The Grey Market Premium is currently ₹5, indicating an expected listing price of ₹152 and a potential listing gain of around 5%, translating to approximately ₹510 per lot. Any further important updates regarding this IPO will be provided in a midday video update.
For any further queries or doubts, feel free to leave a comment. Stay tuned for more informative IPO updates.
