IPO GMP And Allotment Today: Unimech Aerospace, Senores Pharmaceuticals, Carraro India & Ventive Hospitality
The ongoing offers are expected to list at a premium of as much as 80% over the IPO price. Check their grey market premiums and allotment ahead of listing next week.
India's Dalal Street continues to remain abuzz as 2024 draws to a close, with nine mainboard IPOs hitting the stock market till December 31. Five mainboard initial public offerings will be listed on the bourses on Friday, another three on Monday, and one on Tuesday. The grey market premiums of these public issues point to a bumper listing as the year ends.
Five IPOs - Transrail Lighting, DAM Capital Advisors, Mamata Machinery, Sanathan Textiles, and Concord Enviro Systems will list on the stock exchanges on Friday.
Also Read: Latest GMP Of Unimech Aerospace, Senores Pharmaceuticals, Ventive Hospitality, Carraro India IPO
Of the four IPOs that will list next week, the highest grey market premium in the list is for Unimech Aerospace IPO, which will conclude its subscription today. According to InvestorGain data, Unimech Aerospace's shares are set to hit Dalal Street at around 78% premium over its IPO price.
Here's what the GMP trends of the four IPOs indicate ahead of their listing next week:
Unimech Aerospace IPO GMP And Allotment Date
The grey market premium of Unimech Aerospace IPO showed gains as the issue closes for subscription on Thursday. The GMP stood at Rs 630 per share as of 3:59 p.m. on Dec. 26. This takes the estimated listing price—the sum of GMP and the upper end of the IPO price—to Rs 1415 per share, which suggests a potential listing day gain of 80.25% - according to the InvestorGain platform.
The GMP trends have shown an upward trajectory since the IPO price band was announced.
Notably, the IPO was subscribed close to 180 times as of 5:30 p.m. on Thursday, as per the consolidated data shared by the BSE. The allotment of shares is expected to be finalised on Friday, and the company shares will list on the BSE and NSE on Tuesday, Dec. 31.
Investors who bid for this issue can check the step-by-step guide to verify Unimech Aerospace IPO allotment status here.
Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.
Senores Pharmaceuticals IPO GMP And Allotment
The grey market premium of Senores Pharmaceuticals IPO showed gains as the issue closed for subscription on Dec. 24. The GMP of Senores Pharmaceuticals was Rs 240 per share as of 3:49 p.m. on Thursday, according to the InvestorGain platform. This takes the estimated listing price—the sum of GMP and the upper end of the IPO price—to Rs 631 per share, which suggests a potential listing day gain of 61.38%.
The initial public offering of Senores Pharmaceuticals Ltd. has been subscribed over 93 times on Tuesday. Allotment of shares is expected to be finalised today with the company shares listing on the BSE and NSE on Monday, Dec. 30.
Investors who bid for this issue can check the step-by-step guide to verify Senores Pharmaceuticals IPO allotment status here.
Carraro India IPO GMP And Allotment
The grey market premium of Carraro India's IPO was Rs 0 at 01:24 p.m. on Dec 26. The issue was fully subscribed on its final day after muted subscription on Day 1 and Day 2.
Carraro India Ltd.'s Rs 1,250-crore initial public offering was subscribed 1.12 times on its final day, with only the portion for institutional investors being over-subscribed. Allotment of shares is expected to be finalised today with the company shares listing on the BSE and NSE on Monday, Dec. 30.
Investors who bid for this issue can check the step-by-step guide to verify Carraro India IPO allotment status here.
Ventive Hospitality IPO GMP And Allotment
The grey market premium of Ventive Hospitality IPO stood at Rs 65 as of 03:30 pm on Dec. 26, indicating a potential gain of 10.11%. This suggests an estimated listing price of Rs 708 for the company.
The GMP trends have been a mixbag so far. The grey market premium was Rs 67 when the issue opened for subscription but soon slid down to as low as Rs 29 by Day 2. But as the IPO garnered significant attention from investors on its final day the GMP climbed again to Rs 54 before closing the day Rs 74 per share.
The IPO was subscribed over 9 times on its final day. Allotment of shares is expected to be finalised today with the company shares listing on the BSE and NSE on Monday, Dec. 30.
Investors who bid for this issue can check the step-by-step guide to verify the Ventive Hospitality IPO allotment status here.
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.
