The primary markets have shaken off their limbo and are finally back in action, after a lengthened lull in the first half of 2025. The last week of June will witness six initial public offerings open for subscription, with three — Kalpataru Ltd., Globe Civil Projects Ltd., and Ellenbarrie Industrial Gases Ltd. — set to launch on Tuesday.
Here's what the grey market premiums of these book build offers suggest ahead of their opening:
Globe Civil Projects IPO GMP
Globe Civil Projects is heading towards some solid listing gains, suggests its GMP. The GMP is at Rs 15 as of 7:54 a.m. on Tuesday, according to InvestorGain. This implies shares of the company will likely list at Rs 86 apiece, indicating a 21.13% premium to the upper end of the price band.
Allotment of Globe Civil shares is proposed to be finalised on June 27. Successful bidders are expected to receive shares in their Demat accounts on June 30. Refunds will also be initiated for non-allottees on the same day.
Globe Civil IPO's listing date has been tentatively fixed as July 1. Shares of the company will be listed on both the NSE and BSE.
Kalpataru IPO GMP
Kalpataru, on the other hand, may see tepid listing gains. The GMP stands at Rs 5 as of 7:30 a.m., according to InvestorGain. This implies shares of the company will likely list at Rs 419 apiece, indicating a mere 1.21% premium to the upper end of the price band.
Kalpataru's shares are also proposed to be allotted on June 27. Successful bidders are expected to receive shares in their Demat accounts on June 30, and the company's listing date will be July 1.
Ellenbarrie Industrial Gases IPO GMP
Finally, Ellenbarrie is also building up to a muted listing, as indicated by its GMP. The GMP stands at Rs 7 as of 8:00 a.m., according to InvestorGain. This implies shares of the company will likely list at Rs 407 apiece, indicating a mere 1.75% premium to the upper end of the price band.
As with the other two IPOs, shares of Ellenbarrie Industrial Gases are also proposed to be allotted on June 27. Successful bidders will receive shares in their Demat accounts on June 30, and shares of the company will hit the bourses on July 1.
Catch all the latest IPO Live Updates as three mainboard public issues open for subscription on June 24.
Note: GMP does not represent official data and is based on speculation.
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