Kolkata: Three mainboard issues are throwing open their bidding process today, March 24. These issues are are Powerica IPO, Sai Parenteral’s IPO and Amir Chand Jagdish Kumar IPO. Together they will raise about Rs 1,950 crore. This morning two of the IPOS — Powerica IPO and Amir Chand Jagdish Kumar IPO — were displaying positive GMP. Let’s have a close look at the details of the all the issues. The bidding window of all these issues will be open between March 24 and 27. The allotment of shares will be on March 30 while the listing is expected to take place on April 2.
Powerica IPO details
Powerica has mobilized Rs 329.40 crore from prominent anchor investors on March 23. Powerica IPO is designed to raise Rs 1,100 crore via a combination of fresh issue of 1.77 crore shares aggregating to Rs 700 crore and an OFS segment aggregating to Rs 400 crore. ICICI Securities is the book running lead manager and MUFG Intime India is the registrar to the issue. The price band of Powerica IPO is Rs 375-395. The minimum investible lot for a retail investor is 37 shares. The amount needed for this application is Rs 14,615 at the upper end of the price band. The minimum lot size for sNII is 14 lots or 518 shares, while for bNII it is 69 lots or 2,553 shares.
Powerica IPO GMP
According to investorgain, Powerica IPO GMP stood at Rs 5 in the morning of March 24. Considering a price band of Rs 395, the estimated listing price of Powerica shares will be Rs 400 and the listing gain will be 1.27%. However, one should remember that GMP is an unofficial indicator, which can be highly volatile and does not guarantee any listing gain. Arihant Capital Markets is the lead manager and Bigshare Services is the registrar of the issue.
Sai Parenteral’s IPO
Sai Parenteral’s IPO intends to raise Rs 408.79 crore through a combination of fresh issue of 0.73 crore shares amounting to 285.00 crore and an OFS part that will mop up Rs 123.79 crore. Sai Parenteral’s IPO price band has been set at Rs 372-392. A retail investor has to invest a minimum of 38 shares which will require him/her to invest Rs 14,896 based on the upper end of the price band. The minimum investible lot for sNII investors is 14 lots or 532 shares while that for bNII investors in 68 lots or 2,584 shares.
Sai Parenteral’s IPO GMP
According to investorgain, Sai Parenteral’s IPO GMP stood at zero in the morning of March 24. Considering a price band of Rs 392, the estimated listing price of Sai Parenteral’s shares will be Rs 392 and the listing gain will be 0%. However, one should remember that GMP is an unofficial indicator, which can be highly volatile and does not guarantee any listing gain.
Amir Chand Jagdish Kumar IPO
Amir Chand Jagdish Kumar IPO is designed to mobilise Rs 440 crore via 2.08 crore fresh shares only. Emkay Global Financial Services is the book running lead manager and Kfin Technologies is the registrar to the issue. The price band of Amir Chand Jagdish Kumar IPO is Rs 201-212 per share. For a retail investor, the smallest lot size to apply for is 70 shares for which he/she has to cough up Rs 14,840 based on the upper end of the price band. The minimum lot size for sNII investors is 14 lots or 980 shares while the smallest lot for bNII investors is 68 lots or 4,760 shares.
Amir Chand Jagdish Kumar IPO GMP
According to investorgain, Amir Chand Jagdish Kumar IPO GMP stood at Rs 7 in the morning of March 24. Considering a price band of Rs 212, the estimated listing price of Amir Chand Jagdish Kumar shares will be Rs 219 and the listing gain will be 3.30%. However, one should remember that GMP is an unofficial indicator, which can be highly volatile and does not guarantee any listing gain.
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