Grey market trends for a host of concluded and ongoing IPOs suggest, expect for Five Star Business Finance, all other issues may list at a premium over their respective issue prices.
Bikaji Foods International and Global Health, which are likely to be listed on bourses on Wednesday, were trading at grey market premiums (GMPs) of Rs 23 (price band Rs 285-300) and Rs 22 (price band Rs 319-Rs 336), respectively. The two IPOs ran from November 3 to November 7. Bikaji’s IPO was subscribed 26.67 times and Global Health 9.58 times.
Five Star Business Finance, which ran from November 9 to November 11, along with Archean Chemical, was last commanding a grey market discount of Rs 7 per share. Five Star Business Finance IPO, which was sold in Rs 450-474 price band, went undersubscribed at 70 per cent. It, however, sailed through.
Archean Chemical, on the other hand, was commanding a grey market premium of Rs 80 (price band Rs386-407. Five Star Business Finance and Archean Chemical are likely to be listed on November 21.
Archean Chemical IPO was subscribed 32.23 times.
Kaynes Technology IPO, which ran from November 10 to November 14, was commanding a GMP of Rs 138 per share. This IPO, which was subscribed 34.16 times, may list on November 22. The price band for the issue was fixed at Rs 559-587.
The ongoing IPO Inox Green Energy is commanding a GMP of Rs 4. This IPO is being sold in Rs 61-65 price band. Meanwhile, the GMP for Keystone Realtors was not available.
Also Read: NMDC shares slide 4% after Q2 results. Should you buy, hold or sell?
Also Read: Kaynes Technology IPO: GMP zooms 53% on final day; bumper listing likely
