In this week, Dalal Street is gearing up for a flurry of activities as nine new listings are poised to make their highly anticipated debuts, accompanied by eight initial public offerings (IPOs) scheduled for subscription.
Here are the 9 new listings this week:
V R Infraspace IPO
The allotment for V R Infraspace IPO was finalized on Thursday, March 7, 2024. The IPO is set to list on NSE SME with the tentative listing date fixed as Tuesday, March 12, 2024.
With the upper end of the IPO price band taken into account, coupled with the existing premium in the grey market, the projected listing price for V R Infraspace shares is Rs 115 per share. This represents a notable increase of 35.29% over the IPO price of Rs 85.
R K SWAMY IPO
The allotment for R K SWAMY IPO was also finalized on Thursday, March 7, 2024. This IPO will be listed on both BSE and NSE, with the tentative listing date set as Tuesday, March 12, 2024.
The grey market premium (GMP) for RK Swamy IPO today stands at Rs 15, marking a decrease of Rs 21 from its Thursday GMP of Rs 36. This decline in RK Swamy IPO GMP is attributed to the range-bound sentiments prevailing on Dalal Street. Analysts note that over the last two days, the GMP for RK Swamy IPO has experienced a decline from Rs 40 to Rs 15.
Bharat Highways InvIT
After finalizing the allotment on Wednesday, March 6, 2024, Bharat Highways InvIT is expected to list on BSE and NSE on Tuesday, March 12, 2024.
The Grey Market Premium (GMP) for Bharat Highways InvIT IPO today is Rs 2 per share. This signifies that Bharat Highways InvIT shares are currently trading with a premium of Rs 2, equivalent to a 2% increase over its issue price in the grey market.
Sona Machinery IPO
The allotment for Sona Machinery IPO is expected to be finalized on Monday, March 11, 2024. The IPO is scheduled to list on NSE SME on Wednesday, March 13, 2024.
Sona Machinery IPO shares are trading at a premium of Rs 110 in the grey market. This suggests that the anticipated listing price for the SME IPO is expected to be Rs 253, reflecting a substantial increase of 76.92% over the IPO price of Rs 143.
JG Chemicals IPO
Allotment for JG Chemicals IPO is also expected to be finalized on Monday, March 11, 2024. The IPO will be listed on both BSE and NSE, with a tentative listing date on Wednesday, March 13, 2024.
The Grey Market Premium (GMP) for JG Chemicals IPO was Rs 22 on Friday, marking a decrease of Rs 8 from the previous day. Over a span of two days, the IPO GMP has witnessed a decline from Rs 60 to Rs 22.
Shree Karni Fabcom IPO
Allotment for Shree Karni Fabcom IPO is expected to be finalized on Tuesday, March 12, 2024. The IPO will list on NSE SME with the tentative listing date set as Thursday, March 14, 2024.
Shree Karni Fabcom shares are currently commanding a grey market premium (GMP) of Rs 325. This implies that the projected listing price for Shree Karni Fabcom shares might reach Rs 552, indicating a substantial increase of 143.7% over the issue price of Rs 227.
Koura Fine Diamond Jewelry IPO
The allotment for Koura Fine Diamond Jewelry IPO is expected to be finalized on Tuesday, March 12, 2024. The IPO is set to list on BSE SME with a tentative listing date on Thursday, March 14, 2024.
The Grey Market Premium (GMP) for Koura Fine Diamond Jewelry IPO stood at Rs 70, indicating that the shares were trading at a premium of 127.27% over their issue price of Rs 55 in the grey market.
Gopal Snacks IPO
The allotment for Gopal Snacks IPO is expected to be finalized on Tuesday, March 12, 2024. This IPO will be listed on both BSE and NSE, with a tentative listing date on Thursday, March 14, 2024. The company’s shares are currently trading with a premium of Rs 41 in the grey market today.
Pune E-Stock Broking IPO
The allotment for Pune E-Stock Broking IPO is expected to be finalized on Wednesday, March 13, 2024. The IPO will list on BSE SME with a tentative listing date fixed as Friday, March 15, 2024.
With the existing Grey Market Premium (GMP) of Rs 83 over the upper band of the issue price, Pune E-Stock Broking shares could potentially debut on the stock exchanges at Rs 166. This translates to a prospective listing gain of 100%.