Welcome to a comprehensive update on the latest Grey Market Premium (GMP) for various Initial Public Offerings (IPOs) as of July 13th. This article delves into the expected listing gains, listing prices, and overall market sentiment for several Mainboard and SME IPOs, including Aditya Infotech IPO, NSTL LED IPO, Lakshmi India Finance IPO, and Brigade Hotel Ventures IPO, among others. Stay informed to make well-rounded investment decisions.
Mainboard IPO Updates
Brigade Hotel Ventures IPO
The Brigade Hotel Ventures IPO, a Mainboard offering, has seen its Grey Market Premium (GMP) trading at approximately ₹. The trading activity in the GMP reflects the strong response observed during the subscription period. The company’s listing is anticipated for tomorrow, July 14th.
Highway Infrastructure IPO
As a Mainboard IPO requiring an application amount of ₹15,000, Highway Infrastructure IPO’s GMP was updated on July 13th, trading at ₹25. With an issue price of ₹70 and a gain of ₹25, the listing price is projected to be ₹95. This indicates a potential listing gain of around 36%, which could translate to approximately ₹5,275 per lot. The strong pre-opening GMP suggests a promising response for this IPO.
SME IPO Updates
Patel Chemical Specialty IPO
On July 13th, the Grey Market Premium (GMP) for Patel Chemical Specialty IPO was updated to ₹35. With a gain of ₹35 on ₹85, the listing price is ₹19. This suggests an approximate listing gain of 42%, potentially yielding around ₹56,000 per lot, according to the SH report. This indicates a good chance for strong listing gains.
Shree Refrigeration IPO
The Shree Refrigeration IPO’s Grey Market Premium on July 13th is trading at ₹85. With an issue price of ₹125 and a gain of ₹85, the listing price is ₹210. There is a strong chance of approximately 68% listing gain, which could amount to around ₹85,000 per lot. Allotment for this IPO is expected today, July 13th. If allotted, a listing gain of around ₹170 is anticipated per share.
Celorap Industries IPO
For Celorap Industries IPO, the Grey Market Premium on July 13th is approximately 17%. This GMP is considered less ideal for an SME IPO, with an estimated listing gain of around ₹23,200 per lot.
Repo IPO
As of July 13th, Repo IPO has a Grey Market Premium of ₹21. With a listing price of ₹17, there is a 21-22% chance of listing gain, amounting to roughly ₹25,000 per lot. However, the listing gain for this IPO is not considered “spectacular” for future application planning. For two lots, the GMP is around ₹500.
KTX Fabric IPO
The latest GMP update for KTX Fabric IPO on July 13th shows it trading at ₹40. With an issue price of ₹180 and a gain of ₹40, the listing price is ₹220. This indicates an approximate listing gain of 22%, which could yield around ₹32,000 per lot (or ₹64,000 for two lots).
Cash Your Drive Marketing IPO
Cash Your Drive Marketing IPO has its Grey Market Premium trading at ₹31. With an issue price of ₹130 and a gain of ₹31, the listing price is ₹161. An estimated 24% listing gain is expected, which means approximately ₹31,000 per lot (or ₹62,000 for two lots).
Renollt Polychem IPO
The Grey Market Premium for Renollt Polychem IPO, an SME offering, is trading at around 8%. This GMP is not considered interesting enough to plan future applications.
Jyoti Global Plast IPO
Jyoti Global Plast IPO’s Grey Market Premium is trading at ₹11. This suggests an approximate 17% chance of listing gain, which could be around ₹22,000 per lot.
Shanti Gold International IPO
Following the end of its application period, Shanti Gold International IPO’s Grey Market Premium is trading at 19%. This indicates a potential listing gain of approximately ₹2,850 per lot, or around ₹237 per share.
Lakshmi India Finance IPO
For Lakshmi India Finance IPO, the final day for application was yesterday. With a listing price of ₹16, there’s an estimated 5% chance of listing gain, translating to about ₹775 per lot based on the GMP.
M & B Engineering IPO
The Grey Market Premium for M & B Engineering IPO, updated on July 13th, is ₹43. With a listing price of ₹428 and a gain of ₹18, there’s a chance of approximately 11% listing gain, yielding around ₹1,634 per lot. This IPO opens today, and updates on its subscription status will be shared.
Shree Lotus Developers IPO
Shree Lotus Developers IPO’s Grey Market Premium is trading at ₹40. This IPO opens today, with an expected listing price of ₹194. A listing gain of around 29% is anticipated, which could mean approximately ₹4,400 per lot. Good post-listing momentum is expected due to the prominent associations with the company.
Aditya Infotech IPO
Today marks the second day for applying to the Aditya Infotech IPO. The Grey Market Premium is trading strongly at 41-42%, with an expected listing price of ₹956. This suggests a significant listing gain of approximately ₹6,182 per lot. To maximize allotment chances, it is advised to apply for one lot from each family member’s Demat account.
NST IPO
NST IPO’s Grey Market Premium is ₹126, and this IPO opens today. The listing price is ₹926, indicating a 15-16% chance of listing gain, which could be around ₹2,268 per lot. It is recommended to observe the subscription numbers by tomorrow before planning an application.
Conclusion
Staying updated on the latest Grey Market Premium is crucial for investors interested in IPOs. While GMP provides an indication of market sentiment, it’s essential to consider other factors such as company fundamentals and subscription rates before making any investment decisions. Keep an eye out for further updates on these and other upcoming IPOs.
