IPO GMP Today: It will be an action-packed day for primary market investors as three main board initial public offerings (IPOs) are set to open for subscription on Wednesday, September 10. All eyes will be on Urban Company, Dev Accelerator, and Shringar House of Mangalsutra’s opening day subscription, their latest GMP (grey market premium) and other details.
Here is a complete comparison of the three IPOs in terms of their issue size, price band, IPO GMP today, expected listing price, experts’ recommendation, etc for IPO investors.
Urban Company vs Dev Accelerator vs Shringar House of Mangalsutra: IPO GMP Today
Urban Company’s latest GMP stood at RS 35.62, according to investorgain.com on Wednesday at 8 am. The latest IPO gmp indicates that its estimated listing price is Rs 130.5 per share, which is the sum of cap price and latest GMP. According to the website, the IPO is expected to get a percentage gain or loss per share of 35.44%. Urban Company’s IPO’s lowest GMP was Rs 10 and its highest GMP is Rs 36.5.
Just like Urban Company, Shringar House of Mangalsutra IPO GMP is also indicating a strong listing. Its latest GMP stood at Rs 30, which means that the IPO is expected to be listed for Rs 195 (which is the addition of the cap price and GMP). As per investorgain.com website, Shringar House of Mangalsutra’s lowest IPO GMP was Rs 0 and the highest was Rs 195.
Dev Accelerator’s IPO GMP is indicating an upward trend, as per investorgain.com website. The latest IPO GMP today, at 8 am, stood at Rs 9. Which means that its listing is expected to be at Rs 70 per share (addition of latest IPO GMP and price band). Investors must note that an IPO’s GMP is not authentic information and is based on the demand for the IPOs in unregulated markets.
Urban Company IPO Issue Size, Lot Size, Other Details
Urban Company is planning to raise an issue of Rs 1,900 crore with IPO. The subscription will open on Wednesday. It consists of Rs 472 crore of fresh issue and Rs 1,428 crore offer for sale.
The company has fixed the price band between 98-103 per share. The retail investors can apply to the Urban Company with a minimum application of one lot. A single lot comprises of 145 shares, equivalent to Rs 14,935.
Shringar House of Mangalsutra IPO Details
Shringar House of Mangalsutra plans to raise around Rs 400.95 crore. THe IPO is a complete fresh issue of Rs 400.95 crore. The company has fixed a price band between Rs 15-165 per share. The minimum lot size to apply for investors is 1, which includes 90 shares. Equivalent to Rs 14,850.
Dev Accelerator IPO Details
Dev Accelerator IPO opens for subscription on Wednesday to raise around Rs 143 crore. The IPO consists of Rs 143.35 crore fresh issue. The company has fixed a price band between Rs 56-61 per share. The retail investors can apply to the Dev Accelerator IPO with a minimum application lot of 1. It amounts to an investment of Rs 14,335.
Urban Company vs Dev Accelerator vs Shringar House of Mangalsutra: Experts’ Recommendation
For Urban Company, SBI Securities recommend investors to subscribe the issue for long-term gains. “UCL provides a range of household services, catering to requirements of urban consumers. It has a large addressable market currently being catered to by the unorganized industry. Net Transaction Value (NTV)/ Revenue for the company has grown at a CAGR of 25.5%/34.1% over FY23-25. Profitability is on an improving trend and is expected to breakeven at the EBITDA level in FY26E. At the upper band of the issue price, UCL is valued at 12.9x P/S on post issue capital. We recommend subscribing to the issue with a long-term investment horizon,” noted SBI Securities.
Brokerage SMIFs Limited, in its IPO note for Shringar House of Mangalsutra, has highlighted the company’s strong growth trajectory driven by client base, top-tier financial performance, strategic domestic and global expansion plans. The brokerage has given a ‘Subscribe’ recommendation for Shringar House of Mangalsutra IPO.