Arc Insulation IPO GMP jumps 18% after 1.37x subscription; how 3 peers fare ahead of Friday launch
1/5
IPO watch
SME IPO ARC Insulation opens for subscription today. The company plans to raise Rs 41.19 crore through this book building issue. Three more SME issues will open on Friday viz. Anondita Medicare, Classic Electrodes and Shivashrit Foods. Here's what their grey market premiums (GMPs) suggest about the expected listings:
2/5
ARC Insulation & Insulators IPO
The SME issue opened today and was subscribed 1.37 times. It will close on Monday, August 25. The issue price has been set at Rs 119-125. The shares were commanding a grey market premium of 15% or Rs 18-19 per share at the upper price band (down from 17% or Rs 21-22 ahead of the opening), with an estimated listing price around Rs 144.
3/5
Anondita Medicare IPO
This is another SME issue which will open for subscription on Friday, August 22 and will close on Tuesday, August 26. The issue price has been set at Rs 137-145. The shares were commanding a grey market premium of 34% or Rs 50 per share at the upper price band, up from 19% on Wednesday, with an estimated listing price around Rs 195.
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4/5
Classic Electrodes IPO
Classic Electrodes (India) IPO will open for subscription on Friday, August 22 and will close on Tuesday, August 26. The issue price has been set at Rs 82-87.The shares were commanding a grey market premium of 25% or Rs 20-22 per share at the upper price band, with an estimated listing price around Rs 109.
5/5
Shivashrit Foods IPO
Shivashrit Foods IPO will also open for subscription on Friday, August 22 and will close on Tuesday, August 26. The issue price has been set at Rs 135-142. The shares were commanding a grey market premium of 6% or Rs 7-8 per share at the upper price band, with an estimated listing price around Rs 150.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)