Quality Power IPO GMP vs Hexaware Technologies IPO GMP: Here's What The Trends Showcase Ahead Of Listing
Bidding for shares in Quality Power IPO will conclude on Tuesday, February 18.
Two mainboard initial public offerings (IPOs) are slated to make their market debut this week. These include the IPOs of Quality Power Electrical Equipments Ltd and Hexaware Technologies Ltd.
IT consulting firm Hexaware Technologies aims to raise Rs 8,750 crore from the primary market, making it one of the biggest IPOs of the year so far. Quality Power Electrical Equipments IPO aims to mop up Rs 858.7 crore from investors.
While the subscription window for Hexaware Technologies IPO has already closed, bidding for shares in Quality Power IPO will conclude today.
These IPOs have also been generating decent buzz in the unlisted market ahead of the listing. Here's a look at what the current grey market premium (GMP) trend hints about the listing of these IPOs.
Quality Power Electrical Equipments IPO Latest GMP
Quality Power IPO GMP stood at Rs 0 as of 1:32 p.m. on February 18, indicating a flat listing at the upper price band of Rs 425. The bidding for the issue opened on Feb. 14 and will remain active till Feb. 18.
The GMP on Quality Power IPO surged to its highest level of Rs 135 on Feb. 8. However, it failed to sustain the surge and has been on a decline ever since. Shares of Quality Power Ltd. are likely to make market debut on Feb. 21.
Quality Power IPO fresh issue of 53 lakh shares totalling Rs 225 crore and offer for sale of 1.49 crore shares worth Rs 633.7 crore. The IPO price band is set at Rs 401 to Rs 425 apiece.
Hexaware Technologies IPO Latest GMP
Hexaware Technologies IPO GMP stood at Rs 0 as of 1:32 p.m. on February 18, indicating a flat listing. As per the GMP trends, shares of the company are expected to make their market debut at Rs 708 apiece on the BSE and NSE.
Hexaware Technologies IPO has been seen struggling to garner interest in the unlisted market. At their highest level, recorded on February 6, Hexaware Technologies IPO GMP stood at Rs 19.
Hexaware Technologies IPO is entirely an offer-for-sale of 12.36 crore shares available at a price band of Rs 674 to Rs 708. The IPO, open for subscription between Feb. 12 and Feb. 14, is set to hit the market on Feb. 19.
