IPO GMPs: For the first time in thirty years, India’s primary market is witnessing the launch of six mainboard initial public offerings (IPOs). The bumper opening of 6 IPOs coincided with positive investor sentiment buoyed by the stellar debut of ESDS Software.
IPO GMP Today: Rentomojo vs ARCIL vs Manipal Payment vs Steamhouse vs LCC Projects vs Karamtara Engineering
For investors closely tracking the primary market, here is a comparison of IPO grey market premium (GMP) today of Rentomojo, Asset Reconstruction Company India Limited, Manipal Payment & Identity Solutions, LCC Projects, and Karamtara Engineering.
Rentomojo IPO GMP today
Rentomojo IPO GMP today stood remained stable on Wednesday, September 9. Its IPO GMP today stood at ₹134, hence its estimated listing price is expected at ₹538 per share (sum of upper price band and IPO GMP today) indicating a 33.17% listing gain.
The IPO is a book build issue of ₹1,255.57 crore, which is a combination of fresh issue of 37.15 lakh shares aggregating to ₹150 crores. The IPO bidding opened for subscription on September 9 and will close on September 11. The IPO issue price band is fixed between ₹384 and ₹404 per share. The lot size for an application is 37 shares. Whereas, the minimum amount of investment for retail investors is ₹14,948.
ARCIL IPO GMP today
Asset Reconstruction Company India Limited (ARCIL) IPO GMP today stood at ₹30 per share, as per the data presented by different trackers of the grey market premium at 10 am on Wednesday. With this, the IPO is estimated to be listed at a price of ₹169 per share, with 21.58% listing gain/loss expected.
The complete offer for sale (OFS) issue opened for subscription on September 9 and will conclude on September 11. The IPO allotment is likely to be finalised on September 15, followed by listing likely on September 17. The IPO has fixed ₹132 to ₹139 as the issue price band. The lot size for an application is 107 shares. The minimum amount of investment required by a retail investor is ₹14,873.
LCC Projects IPO GMP today
LCC Projects IPO GMP today hovered close to ₹40, indicating an estimated listing at ₹186 per share. The IPO’s upper price band is fixed at ₹146 per share, which means that the issue is likely to see a 27.4% percentage gain/loss per share. LCC Projects IPO is a combination of fresh issue of 1.77 crore shares and an offer for sale of 1.16 crore shares. The IPO price band is fixed at ₹139 to ₹146 per share.
Karamtara Engineering IPO GMP today
Karamtara Engineering IPO gmp today stood at ₹65 per share at 10 am on Wednesday, indicating an estimated listing price of ₹319 per share. The expected percentage gain/loss per share is 25.59%.
The IPO price band is fixed between ₹241 and ₹254 per share, which means that the retail investors can apply to Karamtara Engineering IPO with minimum 1 lot, ie ₹14,986.
Manipal Payment IPO GMP today
Manipal Payment and Identity Solutions IPO gmp today stood at ₹37 per share, which means that the IPO is estimated to be listed at ₹376 per share. The expected percentage gain/loss per share is 10.91%. The IPO price band is fixed in the range of ₹322 and ₹339 per share. The lot size for an application is 44 shares. Minimum amount of investment for retail investors is ₹14,916.
Steamhouse India IPO GMP today
Steamhouse India IPO GMP stood close to ₹18 per share, as per media reports tracking grey market at 10 am. Considering its upper price band, the IPO listing is expected at ₹99 per share, with estimated percentage gain/loss per share at 22.22%. The IPO price band is fixed at ₹77 and ₹81 per share.
