By Mohammad Haris,News18
Copyright news18
IPOs Today: The primary market is seeing a busy street today, since as many as nine IPOs are witnessing bidding today, September 24. Three of them — Jain Resources Recycling, Epack Prefab Technologies, and BMW Ventures — opened today, September 24. Four IPOs — Solarworld Energy, Jaro Institute of Technology Management & Research, Seshaasai Technologies, and Anand Rathi Share — are witnessing second day of bidding. Two IPOs — Atlanta Electricals and Ganesh Consumer Products — are going to close today.
Subscription Status & GMP Of Nine Mainboard IPOs (As of 12:20 pm today):
Subscription Status
Jain Resources Recycling (Day 1)
Epack Prefab Technologies (Day 1)
BMW Ventures (Day 1)
Solarworld Energy (Day 2)
Jaro Institute (Day 2)
Seshaasai Technologies (Day 2)
Anand Rathi Share (Day 2)
Atlanta Electricals (Day 3)
Ganesh Consumer Products (IPO 3)
Three IPOs opened their bidding today, September 24. Jain Resources Recycling is seeing a modest subscription of 0.05x, with a grey market premium (GMP) of 12.07%. Epack Prefab Technologies has received slightly higher interest at 0.07x, and its GMP stands at 9.8%. BMW Ventures has recorded a subscription of 0.06x, with a GMP of 2.02%.
Four IPOs are in their second day of bidding. Solarworld Energy leads the pack with a subscription of 2.4x and a GMP of 17.66%. Jaro Institute of Technology Management & Research has garnered 1.33x subscription, with a GMP of 13.48%. Seshaasai Technologies is seeing good traction at 1.73x, and its GMP is 17.73%. Anand Rathi Share has recorded a subscription of 0.76x, with a GMP of 10.39%.
IPOs Closing Soon
Two IPOs are approaching their final day. Atlanta Electricals has attracted strong demand, with a subscription of 7.39x and a GMP of 16.45%. Ganesh Consumer Products currently has a subscription of 0.71x, and its GMP is 1.55%.
GMP Of Day 3 IPOs (Closing Today)
Atlanta Electricals IPO GMP Vs Ganesh Consumer Products IPO GMP
The Atlanta Electricals IPO GMP currently stands at 17.9% over the upper IPO price, indicating decent listing gains for investors. The price band of the Rs 687.34-crore IPO has been fixed at Rs 718 to Rs 754 apiece.
The Ganesh Consumer Products IPO GMP currently stands at just 2.8% over its upper IPO price, indicating a weak listing. The price band of the Rs 408.8-crore IPO has been fixed at Rs 306 to Rs 322 apiece.