As soon as January is about to end, the IPO market is getting a lot of movement. From healthcare to logistics and other areas, a mixture of mainboard and sme issue will be seen in the coming week. Apart from this, allotment and listing of many IPOs of last week will also be this week. Let us know what will be special in the next week.
IPO this week
Dr. Agrawals Healthcare IPO
The issue of ₹ 3,027.26 crore of Dr. Agrawals Healthcare will be open from 29 January to 31 January for subscription. This book-built IPO will introduce shares in a price band of ₹ 382 to ₹ 402. After the bidding process, the allotment will be finalized on 3 February and shares will be listed on BSE and NSE on 5 February.
Gray Market Premium (GMP): According to the current trend, the company’s shares are trading at a premium of ₹ 60 in the gray market. This can mean the potential listing price can be ₹ 462 per share, which is the upper price band of the IPO ₹ 402 to 14.93% higher.
Malpani Pipes IPO
Malpani Pipes is going to launch an IPO of ₹ 25.92 crore. This issue will also be open from 29 January to 31 January. The price band is ₹ 85 to ₹ 90 per share and it is a fresh issue of 28.80 lakh shares completely. The allotment will be on 3 February and the shares will be listed on the BSE SME platform on 5 February.
Gray Market Premium (GMP): This company shares in the gray market are trading at a premium of ₹ 20. The possible listing price can be ₹ 110 per share, which is the upper price band ₹ 90 to 22.22% higher.
GB logistics iPO
The issue of ₹ 7.14 crore of GB logistics is opened from 24 to 28 January. Its price band is ₹ 95 to ₹ 102 per share. On the first day, this IPO received 5.85 times subscription. Retail investors gave the highest 6.14 times subscription, followed by QIBS 7 times and NIIS showed 3.64 times subscription.
GMP: The shares of this issue in the gray market are trading at a premium of ₹ 21, which can be a possible listing price ₹ 123 per share, which is 20.59% more than the upper price band of ₹ 102.
CLN Energy IPO
The issue of CLN Energy ₹ 72.30 crore is opened from 23 to 27 January. Its price band is ₹ 235 to ₹ 250 per share. The second day this IPO received 2.81 times subscription. The retail category was the highest 3.74 times subscription, while QIBS and NIIS gave 1.07 and 2.98 times subscription respectively.
GMP: Currently, the gray market premium of this IPO is zero. It is estimated that this will be listed at its upper price band ₹ 250.
H.M. Electro Match IPO
H.M. Electro Match’s ₹ 27.74 crore issue is open for subscription from 24 January to 28 January. Its price band is ₹ 71 to ₹ 75 per share. On the first day, this IPO received 7.87 times subscription. The retail category gave the highest subscription 13.84 times, while the QIB category has not yet been subscribed. The NII category saw 4.44 times subscription.
GMP: In the gray market, the shares of this issue are trading at a premium of ₹ 24, making its possible listing price ₹ 99 per share.