ESDS Software Solution IPO is leading the listing-gain race among three public issues tracked today, while Lumino Industries is close behind. Priority Jewels IPO is also commanding a premium in the grey market as investors assess demand ahead of the respective listing dates.
The public issues of ESDS Software Solution and Priority Jewels opened for subscription on Aug. 28 and will close on Sept. 1. The Lumino Industries IPO opened on Aug. 27 and will close for subscription today, on Aug. 31.
Investors are closely analysing subscription levels, market trends, and grey market premium figures for indications of initial trading behaviour.
Here is a detailed look at the latest GMP and key IPO details for each issue.
Priority Jewels IPO GMP Today
The grey market premium is Rs 45 as of 9:00 a.m. on Aug. 31. Against the cap price of Rs 200, the expected listing price is Rs 245, translating to an estimated gain of 22.50%.
Priority Jewels IPO Latest Day 2 Subscription Status
The Priority Jewels IPO has been subscribed 7.25 times as of 10:30 a.m. on Monday.
Priority Jewels IPO Details
Jewellery manufacturer Priority Jewels is seeing steady interest across investor categories on its second day of bidding.
- Issue Size & Structure: A Rs 91.50 crore public offer consisting entirely of a fresh issue of 45.75 lakh equity shares.
- Price Band & Lot Size: Rs 190 to Rs 200 per share. Retail investors must apply for at least 75 shares (1 lot), amounting to Rs 15,000.
- Key Dates: The issue closes on Sept. 1. Allotment status will be finalised on Sept. 2, with listing slated for Sept. 4 on both exchanges.
- Lead Manager & Registrar: Mefcom Capital Markets Ltd. is the lead manager; MUFG Intime India Ltd. is the registrar.
Lumino Industries IPO GMP Today
The GMP stood at Rs 61 as of 9:00 a.m. on Aug. 31. Adding this to the upper price band of Rs 82 indicates a potential listing price of Rs 143, reflecting an upside of 74.39%.
Lumino Industries IPO Latest Day 3 Subscription Status
The Lumino Industries IPO has been subscribed 12.17 times as of 10:30 a.m. on Day 3 of bidding.
Lumino Industries IPO Details
Power transmission EPC firm Lumino Industries is on the final day of its public bidding process.
- Issue Size & Structure: A Rs 700 crore book-built issue comprising a fresh issue of Rs 500 crore and an Offer-for-Sale (OFS) of Rs 200 crore.
- Price Band & Lot Size: Rs 78 to Rs 82 per share. The minimum application lot is 182 shares, requiring a minimum retail commitment of Rs 14,924.
- Key Dates: Bidding closes today, Aug. 31. Share allotment will be finalised on Sept. 1, with stock listing on BSE and NSE scheduled for Sept. 3.
- Lead Manager & Registrar: Motilal Oswal Investment Advisors Ltd. is the lead manager; Bigshare Services Ltd. is the registrar.
ALSO READ: Augmont Enterprises IPO Listing Today: GMP Signals 36.80% Listing Gain; Check Estimated Share Price
ESDS Software Solution IPO GMP Today
As of 9:00 a.m. on Aug. 31, shares were trading at a grey market premium of Rs 335. Based on the upper price band of Rs 429, the stock's estimated listing price stands at Rs 764, signalling a listing gain of 78.09%.
ESDS Software Solution IPO Latest Day 2 Subscription Status
The ESDS Software Solution IPO has been subscribed 5.19 times as of 10:30 a.m. on Aug. 31.
ESDS Software Solution IPO Details
Cloud infrastructure and data centre services provider ESDS Software Solution is commanding strong demand in the unofficial market.
- Issue Size & Structure: A 100% fresh issue worth Rs 720 crore (1.68 crore equity shares).
- Price Band & Lot Size: Rs 408 to Rs 429 per share. A minimum bid of 34 shares (1 lot) requires a retail investment of Rs 14,586.
- Key Dates: The IPO closes on Sept. 1. Allotment is expected on Sept. 2, with listing on the BSE and NSE on Sept. 4.
- Lead Manager & Registrar: Dam Capital Advisors Ltd. is the book-running lead manager; MUFG Intime India Ltd. is the registrar.
Lumino vs ESDS Software vs Priority Jewels: Which IPO Offers the Best Listing Gain?
Based on the latest GMP, ESDS Software Solution has the highest implied listing upside and potential per-lot gain among the three IPOs.
- ESDS Software Solution: Rs 11,390 per lot (Rs 335 GMP × 34 shares)
- Lumino Industries: Rs11,102 per lot (Rs 61 GMP × 182 shares)
- Priority Jewels: Rs 3,375 per lot (Rs 45 GMP × 75 shares)
Grey market premiums are unofficial and subject to market volatility. Investors should evaluate business fundamentals, financial valuation, and overall market sentiment before making an investment decision.
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