Welcome to this update! This article provides the latest Grey Market Premium (GMP) insights for August 7th. We will analyze the current premium percentages, potential listing gains per lot for the Highway Infrastructure IPO and JSW Cements IPO. Specifically, we’ll discuss which IPO is experiencing a significant drop in its GMP and what this means for your potential listing gains. Stay tuned for a detailed overview, and for daily IPO GMP updates, subscribe and join our Telegram group via the link in the comments.
JSW Cements IPO: Key Dates and Details
The JSW Cements IPO opened for subscription today, August 7th, and will close on August 11th. Today marks the first day to apply, with August 11th being the third and final day. The company’s face value is ₹10. The price band is set, and the upper price band is ₹147. Investors must select a minimum of 102 equity shares per lot when applying.
JSW Cements IPO Offer Structure and Financials
JSW Cements has a total issue size of ₹3600 crore, comprising both an Offer for Sale (OFS) and a Fresh Issue. This is classified as a medium-sized IPO. A significant 35% of the issue is reserved for retail investors, indicating a high probability of allotment for this category. Additionally, 15% of shares are allocated to High Net-worth Individuals (HNIs) and 50% to Qualified Institutional Buyers (QIBs). Breaking down the ₹3600 crore issue, ₹1600 crore is a fresh issue, funds from which will directly go to the company to fuel growth and establish new units. The remaining ₹2000 crore is an Offer for Sale, through which promoters and existing shareholders will sell their stakes. This is a book-building IPO, and the company will be listed on both BSE and NSE.
JSW Cements IPO Important Dates and Lot Details
Key dates for the JSW Cements IPO include its opening on August 7th and closing on August 11th. Allotment status will be available by August 12th. Refunds for non-allotment will be processed on August 13th, the same day shares will be credited to demat accounts. The company’s listing on BSE and NSE is scheduled for August 14th. To apply for a minimum of one lot, retail investors require ₹14,994. Small HNI applicants need ₹29,916, while Big HNI applicants require approximately ₹14,00,598. Pre-IPO, the promoters held 78.5262% of the company, which will stand at 72.34% post-IPO.
JSW Cements IPO Grey Market Premium (GMP) Analysis
As of August 7th, the Grey Market Premium (GMP) for JSW Cements, which was previously in double digits, has now dropped to a single digit, trading at ₹6. With the cut-off price at ₹147, the estimated listing price is ₹153 (₹147 + ₹6). This translates to approximately a 4% listing gain, or around ₹612 per lot, based on the current GMP. Given prevailing market conditions, including reactions from today and tomorrow’s market activity and the subscription figures, it is advisable to observe and study the IPO on the first and second days. A decision to apply, ideally on the third day, should be made once the situation, particularly concerning any positive news related to the US-India trade war, becomes clearer, as this could positively influence the Indian market.
Highway Infrastructure IPO: Important Dates and Offerings
Moving to the Highway Infrastructure IPO, the application period was from August 5th to August 7th, with today being the final day. Updates on QIB response, whether positive or negative, are expected between 12 PM and 2 PM today. The IPO has already seen record subscription numbers. For this IPO, the face value is ₹5, and the cut-off price is ₹70. A minimum of 211 equity shares per lot must be selected for application. The total issue size for Highway Infrastructure IPO is a relatively small ₹130 crore.
Highway Infrastructure IPO Structure and Share Distribution
The company’s listing will occur under the T+2 segment. Of the total issue size, ₹97.52 crore is a fresh issue, with proceeds directly benefiting the company. The remaining ₹32.48 crore is an Offer for Sale, allowing promoters and existing shareholders to offload their stakes. A notable aspect of this IPO is the share distribution: 30% for QIBs, 30% for HNIs (including both Big and Small HNI categories), and a substantial 40% reserved for retail investors. Despite its small issue size, the high retail allocation has led to significant oversubscription in both the retail and HNI categories.
Highway Infrastructure IPO Important Dates and Lot Details
The closing date for the Highway Infrastructure IPO is August 7th. Allotment status will be announced on August 8th. Refunds for non-allottees and credit of shares to demat accounts are scheduled for August 11th. The company is expected to list on both BSE and NSE on August 12th. To apply for a minimum of one lot, retail investors need ₹14,770. Small HNI applicants require ₹2,780, and Big HNI applicants need ₹14,360.
Highway Infrastructure IPO Subscription and GMP Outlook
As of the end of day two, the Highway Infrastructure IPO was subscribed 76.85 times. If this momentum continues on the third day, the IPO is projected to be subscribed over 200 times. The strong response has positively impacted its Grey Market Premium (GMP). After dropping to ₹38 and ₹36, the GMP has rebounded to an all-time high of ₹40. This suggests an estimated listing price of ₹110 (₹70 cut-off price + ₹40 GMP), potentially yielding around a 57% listing gain, or approximately ₹8,440 per lot as per reports. Updates on its GMP and subscription status will continue to be provided.
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