The IPO market is set to gain momentum with four major offerings from Schloss Bangalore Ltd. (Leela Hotels Ltd.), Aegis Vopak Terminals Ltd., Prostarm Info Systems Ltd., and Scoda Tubes Ltd. in the ongoing week. In total, four mainboard IPOs and five SME IPOs will be launched.
According to the latest Grey Market Premium (GMP) trends, the Scoda Tubes IPO and the Aegis Vopak Terminals IPO are expected to see the highest listing gains. According to InvestorGain, Scoda Tubes' shares will list at a premium of over 11.43%, while Aegis Vopak Terminals' shares will gain over 4.26% per share.
Here's what the GMP trends of the four IPOs indicate ahead of their listing this week.
Leela Hotels IPO Latest GMP Today
According to InvestorGain, the grey market premium (GMP) for Leela Hotels IPO stood at Rs 16 per share as of 12:02 pm on May 26. This indicates an estimated listing price of Rs 451 per share. The estimated listing price represents the sum of the upper level of the price band and the GMP.
The GMP indicates a potential listing gain of 3.68% per share for the Leela Hotels IPO.
The initial public offering of the luxury hotel chain is expected to open for subscription from May 26. The IPO listing date has been tentatively fixed as June 2. Leela Hotels aims to raise Rs 3,500 crore through the IPO.
Aegis Vopak Terminals IPO GMP Today
The GMP for the Aegis Vopak Terminals IPO stood at Rs 10 at 11:57 a.m. on May 26, as per InvestorGain. At the latest GMP, shares of the company are expected to be listed on the NSE and BSE at Rs 245 apiece, indicating a listing gain of 4.26% at the upper end of the IPO price band.
The Aegis Vopak Terminals IPO is a book-building issue worth Rs 2,800 crore, comprising entirely a fresh issue of 11.91 crore shares. The IPO opens for subscription on May 26 and closes on May 28. Shares of Aegis Vopak Terminals are proposed to be listed on BSE and NSE on June 2.
Prostarm Info Systems IPO GMP
As per InvestorGain, the latest GMP for the Prostarm Info Systems IPO stood at Rs 0 at 11:59 a.m. on May 26. This means that the IPO will likely have a flat listing. The price band for the IPO is set between Rs 95 to Rs 105 per share.
The Prostarm Info Systems IPO is a bookbuilding issue of Rs 168 crore. It comprises a fresh issue of 1.6 crore shares. The IPO will remain open for subscription from May 27 to May 29. The tentative date for the listing of shares on BSE and NSE is June 3.
Scoda Tubes IPO GMP
The GMP for the Scoda Tubes IPO stood at Rs 16 per share as of 10:57 a.m. on May 26. This indicates an estimated listing price of Rs 156 per share. Shares of Scoda Tubes are expected to list at a gain of 11.43% per share.
The price band for the IPO is set between Rs 130 to Rs 140 per share. The Scoda Tubes IPO is aimed at raising Rs 220 crore from the primary market. It comprises entirely a fresh issue of 1.57 crore shares. It will be open for subscription from May 28 to May 30. Shares of the company are expected to list on the BSE and NSE on June 4.
Note: GMP is not an official source of data and is based on speculation.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
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