Vishal Mega Mart vs Mobikwik vs Hamps Bio vs Inventurus Knowledge Solutions vs IGI IPOs: What GMP signals?
IPO GMP: Bidding for IPOs of One Mobikwik, Vishal Mega Mart, and Sai Life Sciences ended with strong responses, while Inventurus and IGI IPOs show tepid interest. Hamps Bio IPO showed robust demand, indicating significant potential listing gains across these IPOs.
IPO GMP: Bidding for the initial public offering (IPO) of three companies — One Mobikwik Systems, Vishal Mega Mart, and Sai Life Sciences ended on Friday, while two other mainboard IPOs — Inventurus Knowledge Solutions IPO and International Gemmological Institute IPO will end on Monday and Tuesday respectively. While Mobikwik and Vishal Mega Mart IPOs received strong responses in all segments, other mainboard IPOs received tepid responses from the retail participants. However, to surprise the Indian primary market observers, Hamps Bio IPO, proposed to be listed on the BSE SME Exchange, received a decent response from investors on day one of bidding on Friday. The SME IPO subscribed 11.30 times on day one of bidding as it received bids for 1,37,86,000 shares against 12,20,000 shares offered by the company.
So, for those who applied for Mobikwik IPO, Vishal Mega Mart IPO, and Sai Life Sciences IPO and are waiting for share allocation, the grey market is hinting at the kind of listing gain they may expect if shares are allotted to them via the share allocation process. The grey market is also hinting at applicants who failed to get shares in the allotment of three mainboard IPOs that ended on Friday.
IPO GMP
According to stock market observers, Vishal Mega Mart IPO GMP (Grey Market Premium) today is ₹20, which means the grey market is expecting around a 26 percent listing gain for the lucky allottees against the upper price band of ₹78 apiece.
Mobikwik IPO GMP today is ₹166, which means the grey market is expecting a robust 59 per cent listing gain for the lucky allottees against the upper price band ( ₹279) of Mobikwik IPO.
Today's Sai Life Sciences IPO GMP is ₹43, reflecting the 8 per cent listing gain expected by the grey market.
Likewise, Inventurus Knowledge Solutions IPO or IKS IPO GMP today is ₹376, which signals around 28 per cent listing gain for the allottees. Bidding for this Rekha Jhunjhunwala-backed mainboard IPO ends on Monday.
The International Gemological Institute IPO or IGI IPO GMP today is ₹107, which reflects a 26 per cent listing gain for the allottees against the upper price band of ₹417 apiece.
However, Indian primary market investors have shown significant interest in Hamps Bio's IPO, which is expected to be listed on the BSE SME Exchange. Hamps Bio IPO GMP today is ₹40, which signals over 78 per cent listing gain against the fixed issue price of ₹51 per equity share. Bidding for this BSE SME IPO ends on 17th December 2024, i.e., on Tuesday next week.
So, let's look at the grey market signals. followed by Hamps Bio IPO (78 per cent) is expected to list at the highest premium, followed by Mobikwik IPO (59 per cent), Inventurus Knowledge Solutions IPO (28 per cent), Vishal Mega Mart IPO (26 per cent), International Gemmological Institute IPO (26 per cent), and Sai Life Sciences IPO (8 per cent).
However, stock market experts said that GMP is not an ideal indicator of the possible listing premium from an initial public offer. They said that the grey market is non-regulated and has no connection with the balance sheet of the companies available in the primary market. They advised investors to stick with the basics, scan the company's balancer sheet, and follow the conviction they have developed after scanning the financials of these companies.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.
Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
- Top Gainers
- Top Losers
- 52 Week High