IPO GMP comparison: Four public issues – BLS Polymers IPO, SFC Environmental Technologies IPO, M.K. Sons Fine Jewels IPO and Bombay Coated & Special Steels IPO are open for subscription on Thursday, 29 October.
BLS Polymers IPO and SFC Environmental Technologies IPO opened for bidding on 27 October and will close today, 29 October.
The grey market premium (GMP) of four ongoing IPOs — BLS Polymers, SFC Environmental Technologies, M.K. Sons Fine Jewels, and Bombay Coated and Special Steels — indicates differing expectations for their stock market debuts. Among the four, BLS Polymers has the strongest grey market premium, while SFC Environmental Technologies has a relatively modest premium.
According to the latest figures available on InvestorGain on October 29, BLS Polymers has a GMP of ₹51 per share, followed by M.K. Sons Fine Jewels at ₹15, SFC Environmental Technologies at ₹10, and Bombay Coated and Special Steels at ₹9.
BLS Polymers vs SFC Environmental vs M.K. Sons vs Bombay Coated — GMP today
The latest available GMP figures show that BLS Polymers leads the comparison, with a premium equivalent to 34% of its issue price.
M.K. Sons Fine Jewels follows with an implied premium of 9.26%, while Bombay Coated and Special Steels has a premium of 10.98%. SFC Environmental Technologies has the lowest implied premium among the four, at 3.03%.
However, GMP is an unofficial indicator based on grey market activity and can change before listing. It does not guarantee the price at which a stock will debut on the exchanges.
BLS Polymers vs SFC Environmental vs M.K. Sons vs Bombay Coated — Listing share price prediction
BLS Polymers stands out in this comparison, with its estimated listing price of ₹201 indicating a potential gain of ₹51 per share over its issue price of ₹150. Bombay Coated and Special Steels has a lower absolute GMP but an implied premium of nearly 11%, ahead of M.K. Sons Fine Jewels on a percentage basis.
SFC Environmental Technologies, meanwhile, has an estimated listing price of ₹340 against its issue price of ₹330. Its current GMP points to relatively limited listing gains compared with the other three IPOs.
The expected listing prices are not assured returns. Investors should also consider each company’s financial performance, valuation, business outlook, IPO subscription levels and prevailing market conditions before making investment decisions.
Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions.
