Latest IPO Grey Market Premium (GMP) Updates: July 3rd & Upcoming IPOs
This article presents the latest Grey Market Premium (GMP) updates as of July 3rd, detailing the premium percentages and potential listing gains per lot for various IPOs. We will cover Aditya Infotech IPO, NST IPO, Laxmi India Finance IPO, MNB Engineering IPO, Sri Lotus Developers IPO, and an additional upcoming IPO opening this week.
Highway Infrastructure IPO GMP & Details
The Highway Infrastructure IPO is scheduled to open on August 5th and close on August 7th. Investors will have the opportunity to apply on August 5th, 6th, and 7th for this main board IPO. Shares will be allocated with a face value of ₹5 and a cut-off price of ₹70. A minimum of 211 equity shares must be selected when applying for one lot.
The total issue size for this IPO is ₹130 crore. Out of this, ₹97.52 crore constitutes a fresh issue, directly benefiting the company, while ₹32.48 crore is an Offer For Sale (OFS), where promoters and existing shareholders are diluting their stake. It is a Book Building IPO, with listings planned on both BSE and NSE.
Key dates for the Highway Infrastructure IPO include the opening on August 5th and closing on August 7th. Allotment status will be available on August 8th. Refunds for unallocated applications will be processed on August 11th, and shares will be credited to Demat accounts on the same day. The company is set to list on August 12th on both BSE and NSE.
For applying, a minimum of ₹14,770 is required for one lot. For the Small HNI category, ₹26,780 is needed, and for the Big HNI category, the requirement is ₹14,360. As of August 3rd, the Grey Market Premium (GMP) for Highway Infrastructure IPO is ₹39, making it the highest among the IPOs discussed. This indicates a potential listing gain of approximately 56%, with an estimated gain of ₹829 per lot. The GMP may fluctuate based on market conditions and subscription figures.
Laxmi India Finance IPO GMP & Details
The Laxmi India Finance IPO opened on July 29th and closed on July 31st. The allotment date was August 1st, so successful applicants would have already received notification. Refunds for unsuccessful applications are scheduled for August 4th, the same day shares will be credited to Demat accounts for those allotted. The company is expected to list on both BSE and NSE on August 5th.
Due to its subscription figures, the Grey Market Premium (GMP) for Laxmi India Finance IPO is in the single digit, currently at ₹1. With an estimated listing price of ₹11, this translates to a potential listing gain of approximately 2%, offering an estimated gain of ₹282 per lot. There is a possibility of post-listing momentum, especially from anchor investors.
MNB Engineering IPO GMP & Details
The MNB Engineering IPO’s application period closed on August 1st. Applicants who selected the cut-off price of ₹385 and applied for a minimum of 38 shares per lot are eligible for allotment.
The allotment status for MNB Engineering IPO will be available on August 4th. Refunds for unsuccessful applications and Demat account credits for successful ones are scheduled for August 5th. The company is anticipated to list on both BSE and NSE on August 6th.
While the IPO did not achieve the initially expected 70-80 times subscription, its figures were still considered decent. The Grey Market Premium (GMP) currently stands at 12%, indicating a potential listing gain of approximately ₹1,710 per lot. The actual listing performance will be influenced by prevailing market conditions.
Aditya Infotech IPO GMP & Details
For the Aditya Infotech IPO, due to its substantial issue size of ₹1300 crore and only 10% reserved for retail investors, the chances of allotment were generally low. The refund date for unallocated applications and the Demat credit date for allocated shares are both set for August 4th. This company is scheduled to list on both BSE and NSE on August 5th.
This IPO witnessed record-breaking subscription, reaching approximately 106 times overall, with some categories subscribed up to 140 times. This significant demand is reflected in its Grey Market Premium (GMP) of ₹305. With an estimated listing price of ₹980 (based on a cut-off price of ₹675), a potential listing gain of 45% is expected, translating to an impressive estimated gain of ₹6,710 per lot. Successful applicants can anticipate substantial listing gains.
Sri Lotus Developers IPO GMP & Details
For applicants of the Sri Lotus Developers IPO, August 4th is an important date as the allotment status will be announced. Given the record-breaking subscription in the QIB category, there is a strong possibility of sustained momentum even after listing.
The Grey Market Premium (GMP) for Sri Lotus Developers IPO is trading at a 24% premium. This suggests a potential listing gain of approximately ₹187, leading to an estimated listing gain of ₹3,700 per lot, according to the current GMP.
NST IPO GMP & Details
The NST IPO accepted applications on July 31st and August 1st. Investors who selected the cut-off price of ₹800 and applied for 18 equity shares per lot will find out their allotment status on August 4th.
Despite a slightly lower number of times subscribed compared to other IPOs this month, NST IPO received the highest number of applications, totaling 52 lakh. The Grey Market Premium (GMP) for NST IPO is currently at ₹118. This indicates a potential listing gain of approximately 15%, with an estimated listing price of ₹918, and an estimated gain of ₹2,124 per lot.
Conclusion
These updates provide a comprehensive overview of the current Grey Market Premium and essential details for the discussed IPOs, including their opening/closing dates, allotment, and listing information.
