Day 2 IPO bidding: This SME issue booked 31 times, tops GMP charts; check for Vikran Engineering, 2 others
1/5
IPO watch
It was day 2 of subscription for four initial public offering (IPO) issues. In the main board category, Anlon Healthcare and Vikran Engineering IPOs saw further investor tractions today. In the SME category, Sattva Engineering Construction and Current Infraprojects IPOs saw an increase in share bids. Here is what their grey market premiums (GMP) suggest.
2/5
Anlon Healthcare IPO GMP
Anlon Healthcare's mainboard IPO was subscribed 1.70x as on Day 2, led by strong retail demand (10.14x). NII booked 1.01 times and QIB 72%. Shares carried a GMP of Rs 5 or 5.5%, implying a likely listing at Rs 96 against the Rs 91 issue price. It has remained unchanged since yesterday.
3/5
Vikran Engineering IPO
Vikran Engineering's mainboard IPO was subscribed 3.05x as on Day 2, led by strong demand from NIIs (6.23x). Retail portion is booked 3.04x while QIB at 67%. Shares carried a GMP of Rs 8-9 or 9%, implying a likely listing at Rs 106 against the Rs 97 issue price. GMP is down from 13% on Wednesday.
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4/5
Sattva Engineering Construction IPO
Sattva Engineering Construction's SME IPO was oversubscribed at 5.65 as on Day 2. Shares carried an unchanged GMP of Rs 18-19 or 25%, implying a likely listing at Rs 94 against the Rs 75 issue price.
5/5
Current Infraprojects IPO
Current Infraprojects's mainboard IPO was oversubscribed at 31.32 as on Day 2. Shares carried a GMP of Rs 40 or 50%, implying a likely listing at Rs 120 against the Rs 80 issue price. It is down from 56% on Wednesday.