Welcome to today’s Grey Market Premium (GMP) update for August 5th. This article provides the latest GMP figures, estimated listing gains, and key details for several upcoming and currently open Initial Public Offerings (IPOs). We will cover Highway Infrastructure IPO, JSW Infrastructure IPO, MAB Engineering IPO, Shree Lotus Developers IPO, and NSTL IPO. Stay tuned till the end for comprehensive insights, and subscribe for daily IPO updates. For time-sensitive updates, you can also join our Telegram group via the link in the comments.
Highway Infrastructure IPO: Key Details & GMP
The Highway Infrastructure IPO opens today, August 5th. Application is open for the first day, with August 6th as the second day and August 7th as the final day to apply. The company’s anchor investor book list has shown interesting activity, which will be discussed in detail in an evening update after 5 PM, focusing on subscription numbers.
Issue Details: The face value for the shares is ₹5. The cut-off price is ₹70, and applicants are advised to apply at this price, avoiding lower price selections like ₹65, ₹66, or ₹68. A minimum of 211 equity shares can be applied for at the ₹70 cut-off price. The total issue size is ₹130 Crores, comprising a fresh issue of ₹97.52 Crores and an Offer For Sale (OFS) of ₹32.48 Crores. The transcript indicates the share distribution is approximately 30% for QIBs, 40% for Retailers, 15% for HNIs, and the remaining 30% for the HNI category. The IPO is book-built and will list on both BSE and NSE.
Important Dates:
- Opening Date: August 5th
- Closing Date: August 7th
- Allotment Date: August 8th
- Refund Date: August 11th
- Demat Credit Date: August 11th
- Listing Date: August 12th on BSE and NSE.
Application Requirements:
- Minimum One Lot: Requires approximately ₹14,770.
- Small HNI Category: Requires approximately ₹26,780.
- Big HNI Category: Requires approximately ₹104,360.
GMP & Listing Outlook: As of today, the Grey Market Premium (GMP) for Highway Infrastructure IPO is trading at ₹40. Based on this, the estimated listing price would be ₹110 (₹70 issue price + ₹40 GMP). This suggests a potential listing gain of around 57%, translating to an estimated listing gain of approximately ₹8,440 per lot. Any further changes in GMP will be updated via video.
JSW Infrastructure IPO: Dates, Details & GMP
This IPO from the well-known JSW Group is scheduled to open on August 7th, with the closing date set for August 11th. Applicants will have two days, August 7th and August 8th, to apply.
Issue Details: The face value of shares is ₹10. The upper price band is ₹147, and applicants must select this price when applying for a minimum of 102 equity shares per lot. The total issue size is ₹3600 Crores, which includes a fresh issue of ₹1600 Crores and an Offer For Sale (OFS) of ₹2000 Crores. The share distribution is as follows: 50% for QIBs, 35% for Retailers, and 15% for the HNI category. The company is a book-built IPO and will list on both BSE and NSE.
Important Dates:
- Opening Date: August 7th
- Closing Date: August 11th
- Allotment Date: August 12th
- Refund Date: August 13th
- Demat Credit Date: August 13th
- Listing Date: August 14th on BSE and NSE.
Application Requirements:
- Minimum One Lot: Requires approximately ₹14,994.
- Small HNI Category: Requires approximately ₹29,916.
- Big HNI Category: Requires approximately ₹14,598.
Promoter Holding: Pre-IPO, the promoter holding was 78.62%, which will adjust to 72.34% post-IPO.
GMP & Listing Outlook: The latest Grey Market Premium (GMP) for JSW Infrastructure IPO is updated to ₹19. This suggests a potential listing gain of approximately 12-13%. Any changes in its Grey Market Premium will be updated in the future.
Upcoming & Recent IPO Listings: Aditya Infotech, Laxmi India Finance
Today, Aditya Infotech IPO is scheduled for listing. A listing gain around ₹300-₹350 would be considered strong, while a listing below ₹250 might induce panic in the GMP of other upcoming IPOs. Laxmi India Finance IPO is also listing today. A flat listing or one without a discount would be viewed positively. These listings could set a positive tone for other lined-up IPOs like NSTL, MAB Engineering, and Shree Lotus Developers.
MAB Engineering IPO GMP Update
The latest Grey Market Premium (GMP) for MAB Engineering IPO is updated to ₹44, indicating a gain. With an issue price of ₹385, the estimated listing price would be ₹429 (₹385 + ₹44). This suggests a potential listing gain of approximately 12% and an estimated listing gain of ₹1,672 per lot.
Shree Lotus Developers IPO GMP Update
The Grey Market Premium (GMP) for Shree Lotus Developers IPO is currently ₹39. With an issue price of ₹150, the estimated listing price is ₹189 (₹150 + ₹39). This suggests a potential listing gain of approximately 26%, with an estimated listing gain of ₹3,900 per lot. Investors are encouraged to comment on their application details for this and MAB Engineering IPO, including the number of lots applied and demat accounts used, to provide insights for new applicants. This information can help new investors strategize for upcoming Mainboard IPOs.
NSTL IPO GMP Update & Allotment Status
As of August 5th, the latest Grey Market Premium (GMP) for NSTL IPO is ₹126. With an issue price of ₹800, the estimated listing price would be ₹926 (₹800 + ₹126). This implies a potential listing gain of approximately 16%, translating to an estimated listing gain of ₹2,268 per lot. For those who have applied, allotment status can be checked via the link provided in the Telegram group mentioned in the comments. This applies to NSTL IPO, Shree Lotus Developers IPO, and MAB Engineering IPO.
Conclusion: Stay connected for further updates on these and other upcoming Mainboard IPOs. Your comments regarding which IPOs you received allotments for, or which ones you plan to apply for, are highly valuable for the community. For any further doubts or queries, feel free to ask in the comments section. Join our Telegram group for timely updates.
