Latest IPO Grey Market Premium (GMP) Update: JSW Cements, All Time Plastics, BlueStone Jewellery, Highway Infra (August 10th)
Welcome to the latest Grey Market Premium (GMP) update for August 10th. This article delves into the current GMP trends for several upcoming and recently closed Initial Public Offerings (IPOs), including JSW Cements, Highway Infrastructure, All Time Plastics, and BlueStone Jewellery. We will examine their current premium, potential listing gains, and essential details to guide your investment strategy.
All Time Plastics IPO: Key Details & GMP Update
The All Time Plastics IPO, which opened on August 7th, closed on August 8th after offering investors three days to apply. The company has set a face value of ₹2 per share, with an upper price band of ₹275. Applicants were required to select a minimum lot of 54 equity shares.
The total issue size for All Time Plastics IPO stands at ₹400 crore, comprising a fresh issue of ₹280 crore and an Offer for Sale (OFS) of ₹121 crore. It is a Book Building IPO, with listings planned on both BSE and NSE. The allocation structure includes 50% for Qualified Institutional Buyers (QIBs), 35% for Retail investors, and 15% for High Net Worth Individuals (HNIs).
Important dates for this IPO include an allotment date of August 12th. Refunds for non-allotment and credit of shares to Demat accounts are scheduled for August 13th. The company’s shares are expected to list on BSE and NSE by August 14th.
For investors, the amount required for a single retail lot was ₹14,850. The Small HNI category required ₹2,07,900, while the Big HNI category needed ₹10,98,900. Promoter holding, which was initially 91%, is now 70%.
After the first day, the IPO was subscribed 1.06 times. The Grey Market Premium (GMP) for All Time Plastics IPO was ₹25 yesterday but has since reduced to ₹20 today. This suggests a potential listing gain of approximately 7.5%, translating to around ₹180 per lot, with an estimated listing price of ₹295.
BlueStone Jewellery IPO: Opening Soon
The BlueStone Jewellery IPO is scheduled to open on August 11th and will close on August 13th. The company has set a face value of ₹1 per share, with an upper price band of ₹517. Investors applying must select a minimum of 29 equity shares per lot.
The total issue size for BlueStone Jewellery IPO is substantial, at ₹1540 crore, which includes a fresh issue of ₹820 crore and an Offer for Sale (OFS) of ₹721 crore. This is also a Book Building IPO, set to list on both BSE and NSE.
Key dates for this IPO are an opening date of August 11th and a closing date of August 13th. Allotment status will be available on August 14th. Refunds for unallotted applications and credit of shares to Demat accounts will occur on August 18th. The company’s listing on BSE and NSE is anticipated on August 19th.
For a single retail lot, an investment of ₹14,993 is required. The Small HNI category requires ₹2,09,902, and the Big HNI category requires ₹14,531.
The Grey Market Premium for BlueStone Jewellery IPO is currently ₹16. At this premium, there’s a chance of approximately 3% listing gain, which could amount to around ₹464 per lot, with an expected listing price of ₹533. This GMP is based on SH report.
Highway Infrastructure IPO: Allotment & Listing Strategy
For those who applied to the Highway Infrastructure IPO, allotment results have been out. Allotment was done through a lottery system for those who applied at the cut-off price of ₹70 for 211 equity shares.
If you were not allotted shares, your refund is scheduled for tomorrow (August 10th). Shares will be credited to Demat accounts for successful applicants on August 11th. The listing for Highway Infrastructure IPO on BSE and NSE is set for August 12th.
This IPO saw an impressive subscription rate, being subscribed a record 316 times. However, its Grey Market Premium has seen some volatility, dropping from an earlier 57% to 36% currently. Based on current GMP, a listing gain of around ₹564 per lot is possible. It is noted that small IPOs often show such volatility in GMP, as a previous small IPO with 15-30% GMP listed at 0%. A detailed listing strategy video will be available soon.
JSW Cements IPO: Latest GMP and Application Strategy
The JSW Cements IPO has its last day to apply tomorrow (August 10th). To secure an allotment, applicants should apply at the cut-off price of ₹147 for a lot of 102 equity shares.
The total issue size for JSW Cements IPO is ₹3600 crore. Retail investors have a 35% allocation. Investors are advised to wait and observe the response from QIB and HNI categories between 12 PM and 2 PM on the last day before deciding to apply.
The tentative allotment date for JSW Cements IPO is August 12th, with the company’s listing scheduled for August 14th.
A single retail lot requires an investment of ₹14,994. For Small HNI, ₹2,09,916 is needed, and for Big HNI, the requirement is ₹10,49,598. The promoter holding in JSW Cements has decreased from 78% to 72.34%.
The Grey Market Premium for JSW Cements IPO has been continuously falling and is now back in single digits. This indicates a potential listing gain of around 6%, which translates to approximately ₹918 per lot, with an estimated listing price of ₹156. Further updates will be provided in due course.
Conclusion: Stay tuned for real-time updates on these and other upcoming IPOs. For more daily IPO Grey Market Premium updates, subscribe to the channel and join our Telegram group.
