Several upcoming IPOs, including the Symbiotec Pharmalab IPO, Hy-Tech Engineers IPO, Skyways Air IPO, Annu Projects IPO, and Lumino Industries IPO, are set to hit the primary market in the coming days and are already drawing attention in the grey market ahead of their subscription opening.
The Skyways Air Services IPO will open for subscription on 24 August and close on 27 August. The price band has been fixed at ₹131– ₹138 per share. The IPO comprises a fresh issue of up to 2.89 crore equity shares and an offer-for-sale (OFS) of up to 1.33 crore shares by promoters and existing shareholders. The air freight forwarding and logistics company has also raised ₹174.5 crore from anchor investors ahead of its initial public offering.
The Symbiotec Pharmalab IPO will also open on 24 August and close on 27 August, with a price band of ₹938– ₹988 per equity share. The issue comprises a fresh issue of shares worth up to ₹150 crore and an OFS worth ₹1,607 crore. The pharma and biotech company has raised ₹526 crore from anchor investors ahead of the IPO.
Meanwhile, the Hy-Tech Engineers IPO will open for subscription on 24 August and conclude on 27 August. The hydraulic fitting manufacturer has fixed the IPO price band at ₹50– ₹53 per equity share. The Maharashtra-based company has reduced its fresh issue size to ₹60 crore from ₹70 crore proposed earlier, while increasing the OFS component to nearly 1.43 crore shares from 1.19 crore shares, according to its RHP.
The Annu Projects IPO will open for subscription on 25 August and close on 28 August. The engineering, procurement and construction company has fixed the IPO price band at ₹94– ₹99 per share. The public issue comprises a fresh issue of 1,76,83,000 equity shares of face value ₹10 each.
Lastly, the ₹700 crore IPO of Lumino Industries will open for subscription on 27 August and close on 31 August. The Lumino Industries IPO price band has been fixed at ₹78– ₹82 per share. The offer comprises a fresh issue of equity shares aggregating up to ₹500 crore and an offer-for-sale of up to ₹200 crore by the promoters.
Let’s take a look at the issue details and grey market premium (GMP) trends for the upcoming IPOs:
Skyways Air IPO GMP today
Skyways Air IPO GMP today, or grey market premium, is +43. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Skyways Air share price was indicated at ₹181 apiece, which is 31.16% higher than the IPO price of ₹138.
According to grey market trends from the past 10 sessions, the IPO’s GMP is showing an upward trend today, suggesting a strong listing is anticipated. Over this timeframe, experts noted that the GMP fluctuated between ₹19 and ₹50.
Symbiotec Pharmalab IPO GMP today
Symbiotec Pharmalab IPO GMP today, or grey market premium, is +350. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Symbiotec Pharmalab share price was indicated at ₹1,338 apiece, which is 35.43% higher than the IPO price of ₹988.
According to recent grey market trends over the past four sessions, the GMP of the IPO is showing an upward trajectory today, suggesting a favourable listing outcome. Throughout this timeframe, the GMP fluctuated between ₹220 and ₹350, according to expert analysis.
Hy-Tech Engineers IPO GMP today
Hy-Tech Engineers IPO GMP today, or grey market premium, is +22. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Hy-Tech Engineers share price was indicated at ₹75 apiece, which is 41.51% higher than the IPO price of ₹53.
Following grey market activity over the past four sessions, the IPO’s Grey Market Premium (GMP) is trending upward today, suggesting a positive outlook for the listing. Throughout this period, the GMP fluctuated between ₹5 and ₹22, according to experts.
Annu Projects IPO GMP today
Annu Projects IPO GMP today, or grey market premium, is +4. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Annu Projects share price was indicated at ₹103 apiece, which is 4.04% higher than the IPO price of ₹99.
According to recent grey market activity over the past three sessions, the IPO’s Grey Market Premium (GMP) is trending upward today, suggesting a positive outlook for its listing. During this timeframe, the GMP fluctuated between ₹0.00 and ₹4, according to experts.
Lumino Industries IPO GMP today
Lumino Industries IPO GMP today, or grey market premium, is +46. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Lumino Industries share price was indicated at ₹128 apiece, which is 56.10% higher than the IPO price of ₹82.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
