Welcome! This article provides the latest Grey Market Premium (GMP) updates as of August 9th, covering the current premium percentages and potential listing gains per lot for several upcoming and ongoing IPOs. We will discuss the GMP and essential details for JSW Cements IPO, Highway Infrastructure IPO, All Time Plastic IPO, and Blue Stone Jewellery IPO. For daily IPO Grey Market Premium updates, you can subscribe and join our Telegram group via the link in the comments.
Blue Stone Jewellery IPO
The Blue Stone Jewellery IPO is set to open on August 11th, which is a Monday. August 12th will be the second day for applying, and August 13th will be the final day to submit applications for this IPO. The company has set the face value at ₹10 per share. Investors should apply at the upper price band, which is ₹517, as applying at lower price bands like ₹442 or ₹20 may not result in allotment. When applying, a minimum of 29 equity shares must be selected for one lot.
The total issue size for Blue Stone Jewellery IPO is approximately ₹1540 to ₹1541 crore. Out of this, ₹820 crore is a fresh issue, which will directly go to the company, and ₹721 crore is an Offer For Sale (OFS), where promoters and existing shareholders will sell their stakes. The total issue size distribution sees 75% allocated to Qualified Institutional Buyers (QIBs), 15% to High Net-worth Individuals (HNIs), and 10% to retail investors. The company’s shares will be listed on both BSE and NSE.
Key dates for the Blue Stone Jewellery IPO include August 11th as the IPO opening date and August 13th as the closing date. Information regarding allotment will be available on August 14th. If no allotment is received, refunds will be processed on August 18th, and shares will be credited to Demat accounts on the same day. The company is expected to list on August 19th. A minimum of ₹14,993 is required to apply for one lot in the retail category. For the Small HNI category, ₹2,992 is needed, while Big HNI applicants require ₹14,531. Promoter holding before the IPO was 18.28%, and it will be 16.07% post-IPO.
Currently, the Grey Market Premium for Blue Stone Jewellery IPO is ₹16, which is in double digits. With a cut-off price of ₹517, the estimated listing price is ₹533 (₹517 + ₹16). This suggests a listing gain of approximately 3%, translating to around ₹664 per lot. Based on GMP reports, it is advisable to consider applying after reviewing the subscription numbers on the first and second days.
All Time Plastic IPO
For the All Time Plastic IPO, the first day of application concluded on August 7th, and the second day on August 8th. Monday will be the last day to apply for this IPO. The face value of the company’s shares is ₹2. Since the IPO is oversubscribed, investors should apply at the upper price band of ₹275. To receive an allotment, a minimum of 54 equity shares must be selected for one lot.
The total issue size for All Time Plastic IPO is approximately ₹400 crore, comprising a ₹280 crore fresh issue and a ₹121 crore Offer For Sale (OFS) from promoters and existing shareholders. A total of 35% of the issue size is reserved for retail investors. While the IPO has received an “okay response” so far, being subscribed 1.06 times, its Grey Market Premium has shown some pressure, declining from ₹25 to ₹20.
Important dates for this IPO include August 11th as the last day to apply. Information regarding allotment will be available on August 12th. Refunds for non-allotment will be processed on August 13th, and shares will be credited to Demat accounts on August 13th. The company is slated to list on both BSE and NSE on August 14th. A minimum of ₹14,850 is required to apply for one lot. With the current GMP of ₹20, the estimated listing price is ₹295 (₹275 + ₹20). This indicates a potential listing gain of around 7%, which could be approximately ₹180 per lot. Investors should wait and watch due to the declining Grey Market Premium.
Highway Infrastructure IPO
Regarding the Highway Infrastructure IPO, getting an allotment was quite difficult due to high oversubscription, so many applicants might not have received shares. For those who applied and have not checked their allotment status, the link was shared in our Telegram group in the morning. Allotment was likely for those who selected 211 equity shares at the cut-off price of ₹70.
The allotment date for this IPO was August 8th. Refunds are scheduled for August 11th, and shares will be credited to Demat accounts on August 11th. The company is set to list on both BSE and NSE on August 12th. This IPO was subscribed an impressive 316 times, a record number of times. Despite an earlier premium of 57%, its Grey Market Premium is currently seeing some pressure due to the relatively small issue size.
Currently, the Grey Market Premium for Highway Infrastructure IPO is ₹29. This brings the estimated listing price to ₹99 (₹70 + ₹29). Based on this GMP, a listing gain of approximately 41% is expected, which would be around ₹119 per lot. Updates on its GMP will continue to be provided.
JSW Cements IPO
The application period for JSW Cements IPO concluded on August 7th and August 8th. Monday, August 11th, is the final day to apply for this IPO. For those applying, the face value is ₹10 per share, and applications should be made at the cut-off price of ₹147. A minimum of 102 equity shares must be selected for one lot.
The total issue size for JSW Cements IPO is ₹3600 crore. The allocation includes 50% for QIBs, 35% for retail investors, and 15% for the HNI category. The company’s shares will be listed on both BSE and NSE.
Key dates for JSW Cements IPO include August 11th as the closing date. Information regarding allotment will be available on August 12th. Refunds for non-allotment are scheduled for August 13th, and shares will be credited to Demat accounts on August 14th. The company is also expected to list on August 14th. A minimum of ₹14,994 is required to apply for one lot. After the second day’s subscription, it is advisable to wait and watch the QIB and HNI response between 12 PM and 2 PM on the last day before applying. This is particularly important because, despite being a company from the JSW Group, its Grey Market Premium is showing a decline.
The current Grey Market Premium for JSW Cements IPO is ₹9. With a cut-off price of ₹147, the estimated listing price is ₹156 (₹147 + ₹9). This suggests a potential listing gain of around 6%, which would be approximately ₹918 per lot.
Conclusion
We encourage you to share in the comments which of these IPOs you are planning to apply for. Also, please let us know if you received an allotment for the Highway Infrastructure IPO. Your feedback will help us in preparing a detailed listing strategy video. Stay connected for further updates, and feel free to ask any questions in the comments section.
