Check Latest Comparison Data Here ->
IPO GMP Today: MV Electrosystems Vs Juniper Green Energy — Up To 27% Listing Gains Expected
Investors tracking the three open mainboard IPOs, MV Electrosystems, Juniper Green Energy and Manipal Health Enterprises, are closely watching grey market premiums (GMP) and subscription demand. While MV Electrosystems is commanding the highest unofficial premium, Juniper Green is seeing a muted GMP and Manipal Health is trading flat in the grey market.
| Company | GMP | Price Band | Expected Listing Price | Listing Premium | IPO Closes |
| MV Electrosystems | Rs 133 | Rs 400–425 | Rs 558 | 31.29% | Aug. 3 |
| Juniper Green Energy | Rs 4 | Rs 214–225 | Rs 229 | 1.78% | Aug. 3 |
| Manipal Health Enterprises | Rs 0 | Rs 560–590 | Rs 590 | 0% | July 31 |
While MV Electrosystems has seen exceptionally strong retail participation with bids nearing 40 times, Juniper Green is witnessing healthy institutional demand but relatively weak retail interest. Manipal Health, meanwhile, has attracted strong QIB demand despite trading at a flat grey market premium.
Here's a comparison of their latest GMP and key IPO details:
MV Electrosystems IPO GMP Today:
According to the InvestorGain website, the latest GMP of MV Electrosystems stood at Rs 133 on July 31. With a price band cap of Rs 425, MV Electrosystems could list at Rs 558 (cap + GMP). If the current GMP trend sustains, the implied listing premium works out to 31.29%.
MV Electrosystems IPO Details
MV Electrosystems IPO is a book-built issue of Rs 290 crore, consisting entirely of a fresh issue of 68 lakh shares. The price band is Rs 400–Rs 425 per share, with an application lot size of 34 shares. This means that retail investors need a minimum investment of Rs 14,450 to participate by purchasing at least one lot (at the upper price). Sundae Capital Advisors is the lead manager and Kfin Technologies is the registrar.
The IPO will conclude on Aug. 3 and the allotment of shares is expected on Aug. 4. The shares are likely to list on NSE and BSE on Aug. 6.
Founded in 2009, MV Electrosystems designs and manufactures electrical and power electronics equipment for railway rolling stock, locomotives, coaches, and EMUs.
MV Electrosystems IPO Subscription Status: As of 6:30 p.m., IPO has been subscribed 12.03 times so far on Friday
- QIBs: 0.91 times
- NIIs: 15.77 times
- RIIs: 39.76 times
ALSO READ: NSE Q1 Results: IPO-Bound Exchange Posts 9% Rise In Profit As Margin Expands; Revenue Slips
Juniper Green IPO GMP Today:
Juniper Green Energy, a leading renewable energy independent power producer, displayed a GMP of Rs 4 on July 31, as per InvestorGain website. Given its upper price band of Rs 229, the latest GMP suggests that the implied listing price is Rs 233, indicating a potential premium of 1.78%.
Juniper Green IPO Details
A book build issue worth Rs 1,800 crore, Juniper Green Energy IPO is an entirely fresh issue of 8 crore shares. The issue has a price band of Rs 214 to Rs 225, with each application lot size consisting of 66 shares. The minimum amount of investment required by an individual investor (retail) is Rs 14,850 (66 shares) (based on upper price). Employees have been offered more than 98,000 shares at a discount of Rs 21. ICICI Securities Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
The IPO, which opened on July 30, will conclude on Aug. 3. It has a scheduled allotment date of Aug. 4 for successful bidders and a tentative listing date on NSE and BSE on Aug. 6.
Juniper Green IPO Subscription Status: As of 6:30 p.m., IPO has been subscribed 0.47 times so far on Friday
- QIBs: 1.19 times
- NIIs: 0.09 times
- RIIs: 0.22 times
Manipal Health Enterprises IPO Today:
As of July 31, Manipal Health Enterprises was commanding a GMP of Rs 0. Manipal Health Enterprises IPO's is estimated to list at the upper price band of Rs 590. This suggests a flat listing.
Manipal Health IPO Details
Manipal Health IPO consists of a fresh issue of 13.56 crore shares aggregating to Rs 8,000 crore and an offer-for-sale (OFS) of 2.16 crore shares aggregating to Rs 1,275 crore. The issue has a price band of Rs 560 to Rs 590. Kotak Mahindra Capital Co.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Successful bidders will likely see the share allotment on Aug. 3, followed by the shares' tentative listing on NSE and BSE on Aug. 5.
Manipal Health IPO Subscription Status: As of 6:30 p.m., IPO has been subscribed 4.92 times so far on Friday
- QIBs: 8.25 times
- NIIs: 1.02 times
- RIIs: 0.93 times
ALSO READ: Indo-MIM, Lohia Corp, Xtranet Technologies List At A Premium; Check Share Price
Although MV Electrosystems currently enjoys the strongest grey market sentiment among the three, GMPs are unofficial and fluctuate daily. Investors should also consider company fundamentals, valuation, subscription demand and overall market conditions rather than relying solely on grey market premiums.
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.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
