Welcome, everyone! This article provides the latest Grey Market Premium (GMP) updates for various IPOs as of August 16th. We will discuss the percentage premium at which these IPOs are trading in the grey market, along with their expected listing gains per lot. This update covers BlueStone Jewellery IPO, Regal Resources IPO, Shreeji Shipping Global IPO, and Vikram Solar IPO. For daily IPO Grey Market Premium updates, remember to subscribe and join our Telegram group for timely information.
BlueStone Jewellery IPO: Grey Market Premium Update
For the BlueStone Jewellery IPO, it was previously discussed that only risk-takers should consider applying, with expectations of a 5-10% discount, a 5-10% listing gain, or a flat listing. Currently, the Grey Market Premium (GMP) for BlueStone Jewellery IPO is trading at ₹2. With an expected listing price of ₹519, there is a chance of a 0.39% listing gain per lot. The IPO is anticipated to list around ₹58. The GMP does not indicate a strong listing gain momentum for this IPO.
Regal Resources IPO: Key Dates and Grey Market Premium
The Regal Resources IPO was open for applications on August 12th, 13th, and 14th. The company has a face value of ₹5, and the upper price band was ₹12. Allotment of 144 equity shares would be made to those who applied at this upper price band. The total issue size for Regal Resources is ₹306 Crore, with ₹210 Crore as a fresh issue (going to the company) and ₹96 Crore as an Offer For Sale (OFS), where promoters and existing shareholders dilute their stake.
Shares were distributed among investors, with 30% of the 50% allocated to Anchor Investors, 15% to HNI, and 35% to Retailers. This is a book-building IPO, with listing expected on both BSE and NSE. The last date to apply was August 14th. Allotment information is expected on August 18th. Refunds for non-allotment will be processed on August 19th, and shares will be credited to Demat accounts on the same day. The company is set to list on August 20th on both BSE and NSE.
For applying to Regal Resources IPO, a minimum of ₹14,688 was required for one lot. Promoter holding stood at 99.56% pre-IPO, which will be 74.45% post-IPO. The IPO saw significant subscription across categories: QIB (190 times), HNI (approximately 356 times, with BHNI at 3878 times and Small HNI at 295 times), and Retailers (approximately 58 times), resulting in a total subscription of 159 times.
Despite volatility, the Grey Market Premium (GMP) for Regal Resources IPO is ₹24. With an IPO price of ₹12 and a gain of ₹24, the expected listing price is ₹126. This implies a listing gain of approximately 24% per lot, potentially yielding around ₹3,456.
Shreeji Shipping Global IPO: Upcoming Details and GMP
Shreeji Shipping Global IPO is a mainboard IPO opening on August 19th and closing on August 21st. Applications can be made on August 19th, 20th, and 21st. The company’s face value is ₹10. The upper price band is ₹252, and applying for 58 equity shares at this price will ensure allotment.
The total issue size is ₹410 Crore, entirely a fresh issue, meaning all proceeds will go to the company. Shares will be allocated as follows: 50% to QIBs, 35% to Retailers, and 15% to HNIs. This is a book-building IPO that will list on both BSE and NSE.
Key dates for Shreeji Shipping Global IPO include: opening on August 19th, closing on August 21st, allotment on August 22nd, refunds on August 25th, Demat credit on August 25th, and listing on August 26th on both BSE and NSE.
The minimum amount required for one lot is ₹14,616. For the Small HNI category, an amount of ₹46,240 is needed, while for the Big HNI category, ₹1,854 is required. Pre-IPO promoter holding was 100%, now at 90%. The Grey Market Premium (GMP) for Shreeji Shipping Global IPO is trading at ₹29. With an IPO price of ₹252, the expected listing price is ₹281, suggesting a listing gain of approximately 11.5% and an estimated gain of ₹1,682 per lot.
Vikram Solar IPO: Issue Details and Grey Market Premium
Vikram Solar IPO is scheduled to open on August 19th and close on August 21st. The company has a face value of ₹10, and the upper price band is ₹332. Investors need to select a minimum of 45 equity shares when applying for one lot.
The total issue size for this IPO is approximately ₹2,079 Crore, comprising a fresh issue of ₹1,500 Crore (funds going to the company) and an Offer For Sale of ₹579 Crore (existing shareholders selling their stake). Share allocation will be 50% for QIBs, 35% for Retailers, and 15% for HNIs. Generally, about ₹15,000 is required for retail applications.
Important dates for Vikram Solar IPO are: opening on August 19th, closing on August 21st, allotment on August 22nd, refunds on August 25th, Demat credit on August 25th, and listing on August 26th on both BSE and NSE.
For applying, a minimum of ₹14,940 is required for one lot. For the Small HNI category, ₹29,160 is needed, and for the Big HNI category, ₹1,980 is required. Pre-IPO promoter holding was 77.64%, which will be approximately 63% post-IPO.
The current Grey Market Premium (GMP) for Vikram Solar IPO shows positive strength, trading at ₹57. While the current GMP is good, a better valuation by the company could have led to even greater momentum. With an IPO price of ₹332, the expected listing price is ₹389, indicating a listing gain of around 17-18% and an estimated gain of ₹2,600 per lot.
Stay tuned for timely updates on all IPOs. Feel free to ask any questions in the comments. Jai Hind, Jai Bharat!
