Welcome! This article provides the latest Gray Market Premium (GMP) updates for August 8th. We will delve into the current GMP, estimated listing gains per lot, and other essential details for three ongoing IPOs: All Time Plastics IPO, Highway Infrastructure IPO, and JSW Cement IPO. For daily IPO and GMP updates, ensure to subscribe to the channel and join the Telegram group linked in the comments for timely information.
All Time Plastics IPO: Latest GMP & Details
The All Time Plastics IPO opened for application on August 7th (Day 1) and continues on August 8th (Day 2). Due to market closures over the weekend, the last day to apply for this IPO will be August 11th.
The company has a face value of ₹2 per share, with a price band set between ₹260 and ₹275. The cut-off price is ₹275. Investors must select a minimum of 54 equity shares per lot when applying at the cut-off price to receive an allotment. The total issue size for All Time Plastics IPO is ₹400 crore. This includes a fresh issue of ₹280 crore, with funds directly going to the company, and an Offer for Sale (OFS) of ₹120 crore, where promoters and existing shareholders dilute their stake. The allocation is structured with 50% for Qualified Institutional Buyers (QIBs), 35% for retail investors, and 15% for High Net Worth Individuals (HNIs). Eligible employees receive a discount of ₹26 on the ₹275 cut-off price, making their effective application price ₹249. The company’s shares will be listed on both BSE and NSE.
Key dates for the All Time Plastics IPO include the final application day on August 11th. Allotment status will be available on August 12th. Refunds for non-allotment and credit of shares to Demat accounts are scheduled for August 13th. The company’s listing on BSE and NSE is set for August 14th. The minimum amount required to apply for one lot in the retail category is ₹14,850. For Small HNI, ₹2,79,900 is required, and for Big HNI, ₹10,9800 is needed. Promoter holding pre-IPO was 90.98%, which will adjust to 70.15% post-IPO.
As per the initial response, the IPO was subscribed 0.37 times in total. The overall subscription figure suggests a moderate initial response, making today’s subscription momentum crucial. The Gray Market Premium for All Time Plastics IPO on August 8th is trading at ₹25. With a cut-off price of ₹275, the estimated listing price is ₹300, indicating an approximate 9% listing gain. This could translate to an estimated listing gain of around ₹1,350 per lot.
Highway Infrastructure IPO: Updates & GMP
For those who applied to the Highway Infrastructure IPO on August 5th, 6th, or 7th, today’s date holds significance. The company has a face value of ₹5 per share. Applicants who selected the cut-off price of ₹70 and a minimum of 211 equity shares per lot are eligible for allotment.
The total issue size for Highway Infrastructure IPO was ₹130 crore, comprising a fresh issue of ₹97 crore and an Offer for Sale of ₹32 crore. The company’s shares will be listed on both BSE and NSE. Important dates include August 8th, by late evening, when allotment information will be available. Refunds for non-allotment are scheduled by August 11th, and shares will be credited to Demat accounts on August 11th if allotted. The listing of Highway Infrastructure IPO is scheduled for August 12th on both BSE and NSE.
The minimum amount required to apply for one lot in this IPO was ₹14,770. The IPO recorded an impressive subscription of 316 times, attracting approximately 46 lakh applications, despite market volatility. The Gray Market Premium for Highway Infrastructure IPO on August 8th is ₹36. With an implied cut-off price of ₹70, the estimated listing price is ₹106, suggesting a listing gain of approximately 51%. This translates to an estimated listing gain of around ₹7,596 per lot.
JSW Cement IPO: Application Status & GMP
The JSW Cement IPO is currently in its second day of application on August 8th, following the closure of Day 1 on August 7th. The final day to apply for this IPO is August 11th.
The company has a face value of ₹10 per share. The upper price band, which is the cut-off price, is ₹142. Investors must select a minimum of 102 equity shares per lot when applying to receive an allotment. The total issue size for JSW Cement IPO is substantial at ₹3,600 crore, which includes a fresh issue of ₹1,600 crore and an Offer for Sale of ₹2,000 crore. This is a book-building IPO, and its shares will be listed on both BSE and NSE.
Important dates for JSW Cement IPO include the closing date on August 11th. Allotment status will be announced on August 12th. Refunds for non-allotment and credit of shares to Demat accounts are scheduled for August 13th. The company’s listing on BSE and NSE is set for August 14th. The amount required to apply for one lot in this IPO is ₹14,994. Promoter holding pre-IPO was 78.62%, which will be 72.34% post-IPO.
Regarding the first-day response, positive momentum was observed across all categories, particularly from QIBs. As of the first day, the HNI category was subscribed approximately 0.21 times (Big HNI at 0.14 times, Small HNI at 0.36 times). The retail category was subscribed 0.38 times, indicating that over-subscription is already anticipated. For a higher chance of allotment, applying with one lot from each family member’s Demat account is recommended. It will be important to monitor the subscription figures by 5 PM today for further updates.
The Gray Market Premium for JSW Cement IPO on August 8th is ₹13. With a cut-off price of ₹142, the estimated listing price is ₹155, suggesting an approximate 9% listing gain. This could result in an estimated listing gain of around ₹1,326 per lot.
Stay tuned for any further important updates regarding these IPOs. Your opinions on the JSW Cement IPO, whether you applied yesterday, today, or plan to apply on Monday, are welcome in the comments section. We look forward to more informative videos.
