IPO GMP Compared: Leela Hotels vs Aegis Vopak Terminals vs Prostarm Info Systems vs Scoda Tubes
According to InvestorGain, the shares of Scoda Tubes will list at a premium of over 5%, while Leela Hotels will gain over 3% per share.
The upcoming mainboard IPOs in May include the Prostarm Info Systems IPO, Aegis Vopak Terminals IPO, Leela Hotels IPO and Scoda Tubes IPO.
Among these, the Leela Hotels IPO and the Scoda Tubes IPO are expected to see the highest listing gains, as per the latest Grey Market Premium (GMP) trends. According to InvestorGain, the shares of Scoda Tubes will list at a premium of over 5%, while Leela Hotels will gain over 3% per share.
Here's what the GMP trends of the four IPOs indicate ahead of their listing next week:
Leela Hotels IPO GMP
According to InvestorGain, the grey market premium (GMP) for Leela Hotels IPO stood at Rs 15 per share as of 11:30 a.m. on May 23. This indicates an estimated listing price of Rs 450 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 3.45% 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
The GMP for the Aegis Vopak Terminals IPO stood at zero at 12:30 p.m. on May 23, as per InvestorGain. At the latest GMP, shares of the company are expected to be listed on the NSE and BSE at Rs 235 apiece, the same as 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.
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Prostarm Info Systems IPO GMP
As per InvestorGain, the latest GMP for the Prostarm Info Systems IPO stood at nil at 11:56 a.m. on May 23. 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 8 per share as of 12:58 p.m. on May 23. It indicates an estimated listing price of Rs 148 per share. Shares of Scoda Tubes are expected to list at a gain of 5.71% 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.
