Scoda Tubes IPO Vs Prostarm Info Systems IPO Vs Aegis Vopak IPO: What GMP Signals Ahead Of Listing
According to the latest Grey Market Premium (GMP) trends, the GMP of all four IPO's is showing a declining trend today, as compared to the previous day.
IPO Grey Market Premiums Comparison: The IPO market is buzzing again with the launch of two major offerings from Schloss Bangalore Ltd. (Leela Hotels Ltd.) and Aegis Vopak Terminals Ltd. The intial public offerings of these mainboard IPOs will close for subscription on May 28.
The week also saw the launch of the mainboard offering of Prostarm Info Systems Ltd. on May 27. The issue recieved a fantastic response from the investors as the IPO was booked over 3.5 times on Day 1.
Scoda Tubes Ltd. is another mainboard IPO which will open for subscription today, on May 28.
According to the latest Grey Market Premium (GMP) trends, the IPO of Prostarm Info Systems is expected to see the highest listing gains. Unlisted shares of Prostarm Info Systems were trading at a premium of over 18%, while shares of Scoda Tubes were trading at the unlisted market at just around 13% per share.
Here's what the latest GMP trends of these four IPOs indicate ahead of their listing this week.
Prostarm Info Systems IPO GMP
As per InvestorGain, the latest GMP for the Prostarm Info Systems IPO stood at Rs 19 at 1:58 p.m. on May 28. This means that the unlisted shares of the company were trading at Rs 124 per share. Investors can look forward to an expected percentage gain of 18.10% when the company gets listed next week, assuming the current GMP trends stay the same.
The Prostarm Info Systems IPO is a bookbuilding issue of Rs 168 crore. It comprises a fresh issue of 1.6 crore shares. The price band for the IPO is set between Rs 95 to Rs 105 per share.
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
As per InvestorGain, the latest GMP for the Scoda Tubes stood at Rs 18 at 1:59 p.m. on May 28. This means that the unlisted shares of the company were trading at Rs 158 per share. Investors can look forward to an expected percentage gain of 12.86% when the company gets listed next week, assuming the current GMP trends stay the same.
Scoda Tubes IPO is aiming to raise Rs 220 crore from the primary market. It comprises entirely a fresh issue of 1.57 crore shares. The price band for the IPO is set between Rs 130 to Rs 140 per share. The IPO 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.
Aegis Vopak Terminals IPO GMP Today
As per InvestorGain, the latest GMP for the Aegis Vopak Terminals IPO stood at Rs 1 at 1:54 p.m. on May 28. This means that the unlisted shares of the company were trading at Rs 236 a piece. Investors who have bid for the issue can look forward to an expected percentage gain of 0.43% when the company gets listed next week, assuming the current GMP trends stay the same.
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 opened for subscription on May 26 and will close on May 28. The mainboard issue was booked 0.35 times on Tuesday.
Shares of Aegis Vopak Terminals will be listed on BSE and NSE on June 2.
Leela Hotels IPO Latest GMP Today
As per InvestorGain, the latest GMP for the Schloss Bangalore IPO, the operator of the Leela Hotels chain, stood at Rs 2 at 12:55 p.m. on May 28. This means that the unlisted shares of the company were trading at Rs 437 a piece. Investors who have bid for the issue can look forward to an expected percentage gain of 0.46% when the company gets listed next week, assuming the current GMP trends stay the same.
The initial public offering of the luxury hotel chain will close for subscription on Wednesday. The IPO listing date has been tentatively fixed as June 2. Leela Hotels aims to raise Rs 3,500 crore through the IPO.
