Its the final few hours of bidding for Solarworld Energy Solutions, Seshaasai Technologies, and Jaro Institute IPOs. Bidding for these issues close today. Let’s take look at what investors should know ahead of their listing from the GMP trend, subscription status and other key details

Solarworld Energy Vs Seshaasai Technologies Vs Jaro Institute IPO: Grey market premium trends

The grey market premium (GMP) for Solarworld Energy Solutions is hovering around Rs 56. This indicates an estimated listing price near Rs 407 per share, based on the upper price band of Rs 351.

For Seshaasai Technologies, the GMP stands at Rs 55. With the upper band at Rs 423, the stock is expected to list around Rs 478. This translates to a potential gain of 13%.

On the other side, the Jaro Institute IPO GMP has eased to Rs 106 from an initial Rs 123. This suggests an estimated listing near Rs 996 based on the upper band of Rs 890. Despite the drop, the stock is expected to give investors an 11.91% gain at listing.

However, it is important to note that GMP is not the actual listing price. It fluctuates based on market sentiment.

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Solarworld Energy Vs Seshaasai Technologies Vs Jaro Institute IPO: Issue details

Solarworld Energy Solutions has a price band of Rs 333–351 with a fresh issue of Rs 440 crore and an OFS of Rs 50 crore. The IPO lot size is 42 shares, and the tentative listing date is September 30.

Seshaasai Technologies offers shares at Rs 402–423, with a total issue size of Rs 813.07 crore. This includes fresh equity worth Rs 480 crore and OFS of Rs 333.07 crore. The lot size is 35 shares, and allotment is likely on September 26.

For Jaro Institute, the IPO price band is Rs 846–890, with a total size of Rs 450 crore. The fresh issue is Rs 170 crore, while the OFS is Rs 280 crore. Lot size is 16 shares, with listing on BSE and NSE expected on September 30.

Solarworld Energy Vs Seshaasai Technologies Vs Jaro Institute IPO: Subscription status

As of latest, Solarworld Energy IPO on its Day 3 of bidding subscribed 4.9 times so far.

Another IPO, Seshaasai Technologies on Day 3 as of now received a subscription rate of 3.54 times.

Similarly, Jaro Institute IPO has been subscribed 2.33 times so far on Day 3.

Solarworld Energy Vs Seshaasai Technologies Vs Jaro Institute IPO: Business overview

Solarworld Energy Solutions provides solar energy solutions through CAPEX and RESCO models. It offers EPC services and long-term electricity supply under PPAs.

Seshaasai Technologies operates in the BFSI sector. It offers payment solutions, communications, fulfilment services, and IoT products across industries.

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Jaro Institute of Technology Management and Research is an online higher education and upskilling platform. It offers degree and certification programs and has tie-ups with 36 institutions, including 7 IIMs and 7 IITs.

Solarworld Energy Vs Seshaasai Technologies Vs Jaro Institute IPO: Key dates and management

All three IPOs are set to have allotment on September 26. Solarworld Energy, Seshaasai Technologies and Jaro Institute are likely to list on September 30.

The IPOs are managed by top brokerage and registrar firms – Solarworld Energy by Nuvama Wealth Management and SBI Capital Markets with MUFG Intime India as registrar.

Seshaasai Technologies is being managed by IIFL Capital Services with MUFG Intime India as registrar; Jaro Institute by Nuvama Wealth Management with Bigshare Services as registrar.