Following the blockbuster subscription of Bharti Hexacom’s mega IPO to kick off the fiscal year, the primary market is poised for a quiet spell this week, with no new mainboard IPOs on the horizon. However, activity remains vibrant in the SME segment as three companies prepare to introduce their issues.
In addition to Bharti Hexacom, five other SME firms, which initiated their offerings in the preceding week, are set to witness their shares hitting the exchanges.
New Listings this week
Bharti Hexacom IPO
A telecommunications giant, has its allotment expected to be finalized on Monday, April 8, 2024. The IPO is slated to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) with a tentative listing date set for Friday, April 12, 2024. Notably, the Grey Market Premium (GMP) for Bharti Hexacom stands at Rs 60, indicating significant interest among investors.
Aluwind Architectural
The company’s IPO’s allotment was concluded on Friday, April 5, 2024. The IPO is scheduled to be listed on NSE SME, with a tentative listing date fixed for Tuesday, April 9, 2024. The Grey Market Premium for Aluwind Architectural stands at +4, implying a premium of Rs 4 in the grey market.
Creative Graphics Solutions India
Creative Graphics Solutions India IPO’s allotment was also finalized on the same day. This IPO will also list on NSE SME with a tentative listing date set for Tuesday, April 9, 2024. The Grey Market Premium for Creative Graphics Solutions India stands significantly higher at +30, indicating a premium of Rs 30 in the grey market.
Jay Kailash Namkeen
Jay Kailash Namkeen IPO’s allotment, concluded on Thursday, April 4, 2024, is gearing up for its listing on BSE SME on April 8, 2024. The last reported GMP for Jay Kailash Namkeen SME IPO is Rs 12, suggesting a notable interest from investors.
K2 Infragen
K2 Infragen IPO, with allotment finalized on the same day, is set to list on NSE SME on April 8, 2024. The shares of K2 Infragen are currently trading at a substantial premium of Rs 35 in the grey market, indicating a strong demand ahead of its listing.
Yash Optics & Lens
Yash Optics & Lens IPO, with its allotment also concluded on Thursday, April 4, 2024, is slated to be listed on NSE SME on April 8, 2024. Today, the Grey Market Premium for Yash Optics IPO stands at Rs 25, reflecting an increase of Rs 5 from the morning GMP of Rs 20.
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