On August 6th, the latest Grey Market Premium (GMP) updates for JSW Cements IPO and Highway Infrastructure IPO have been released. This article will cover the percentage premium, along with basic details for both IPOs. For daily IPO Grey Market Premium updates, subscribe to the channel, and join the Telegram group for timely information.
IPO Market Sentiment & Recent Listings
Recent IPO listings show a mixed sentiment in the market. Two IPOs, NST IPO and Shere Lota Developers IPO, listed positively as per Grey Market Premium expectations. However, MAB Engineering IPO, which was trading at a 14% premium, listed at 0% premium. This suggests significant volatility in Grey Market Premiums in the coming days, for which investors should be prepared.
JSW Cements IPO Details
JSW Cements, a well-known group company, will open its IPO on August 7th. Applications can be made on August 7th, August 8th, and August 11th. The face value of the shares is ₹10. The price band is set at ₹147, and applicants should apply at this upper price band. A minimum of 102 equity shares must be selected when applying for one lot.
The total issue size for JSW Cements IPO is approximately ₹3600 crores. Out of this, ₹1600 crores is a fresh issue, which will go directly to the company to support its growth and enhance future stability. The remaining ₹2000 crores is an Offer For Sale (OFS), where promoters and existing shareholders will sell their stakes.
The issue size distribution is as follows: 50% for Qualified Institutional Buyers (QIBs), 35% for Retail investors, and 15% for High Net-worth Individuals (HNIs). The IPO will close on August 11th. Allotment information will be available on August 12th. Refunds for unallotted applications will be processed, and shares will be credited to Demat accounts on August 13th. The company is expected to list on BSE and NSE on August 14th.
For minimum application, one lot requires ₹14,994. Small HNI category requires ₹29,916, and Big HNI category requires approximately ₹1,65,98,000. It is advisable to wait and observe the subscription response on the first and second days before applying, as listing chances will depend on this response.
JSW Cements IPO Grey Market Premium
Yesterday, the Grey Market Premium (GMP) for JSW Cements IPO was ₹19, indicating a potential listing price of ₹166 and approximately 13% listing gain. However, as of today, the GMP has decreased to ₹14. Based on the cut-off price of ₹147, the current estimated listing price is ₹161, suggesting a potential listing gain of about 9.5% per lot, approximately ₹1000. The final listing gain will heavily depend on the IPO’s subscription response and GMP momentum in the coming days.
Highway Infrastructure IPO Details
Highway Infrastructure IPO opened yesterday and today, August 6th, marks the second day for applications. The IPO will close on August 7th. Investors should plan their application based on today’s subscription numbers and overall market conditions. The cut-off price is ₹70, and applicants must select a minimum of 211 equity shares per lot.
The total issue size for Highway Infrastructure IPO is ₹130 crores. This includes a fresh issue of ₹97.52 crores and an Offer For Sale (OFS) of ₹32.48 crores, where promoters and existing shareholders are selling their stakes. The company will be listed on both BSE and NSE.
The last day to apply for this IPO is tomorrow, August 7th. Allotment information will be available on August 8th. Refunds for unallotted applications and credit of shares to Demat accounts are scheduled for August 11th. The company is expected to list on BSE and NSE on August 12th.
To apply for one lot, ₹14,770 is required. For the Small HNI category, ₹26,780 is needed, and for the Big HNI category, approximately ₹1,43,600 is required. This IPO has received an exceptionally strong response on its first day, a level not seen in May, June, or July IPOs. Further details on today’s subscription will be discussed after 5 PM.
Highway Infrastructure IPO Grey Market Premium
Yesterday, the Grey Market Premium (GMP) for Highway Infrastructure IPO was ₹40, suggesting a potential listing gain of approximately 57% and around ₹8400 per lot. Today, the GMP has slightly decreased to ₹38. With a cut-off price of ₹70, the estimated listing price is ₹108, indicating a potential listing gain of about 54% per lot, which translates to approximately ₹8000. Updates on this IPO will be provided regularly.
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