Upcoming IPOs: Four big IPOs are going to be listed next week. These include Physicswala, Emmavi Photovoltaic, Tenneko Clean Air and Fujiyama Power Systems. Know who has the highest GMP and who can give higher returns.
Upcoming IPOs Listings Next Week: Indian IPO market remains hot these days. After the explosive listing of Groww and Pine Labs, investors are now eyeing the four mainboard IPO listings coming next week. Interestingly, some IPOs have weak GMPs, yet expectations in the market are high as the last two big IPOs were listed well above expectations and surged as much as 31% on listing day. The four IPOs scheduled to be listed next week include Physicswala, Emmavi Photovoltaic, Tenneco Clean Air and Fujiyama Power Systems. Let’s know their GMP and which one can provide more benefits…
PhysicsWallah IPO: Weak GMP, positive expectations
The GMP of Physicswala IPO has reached Rs 6 on Saturday, November 15, which was zero two days ago. This means that the share is trading about Rs 6 above the issue price of Rs 109. Current gray market indications suggest that the share may be listed at around Rs 115, which means a premium of around 5.5%. The IPO received a total subscription of 1.81 times. The QIB segment was bid 2.70 times, the retail investor portion was subscribed 1.06 times, while the NII portion missed out at 48%. The company had kept a price band of ₹103-109. This IPO came with a fresh issue of ₹3,100 crore and OFS of ₹380 crore. Its listing will take place on November 18.
Emmvee Photovoltaic Power IPO: GMP zero, pressure on listing
GMP of MMV Photovoltaic Power IPO is still zero. This means there is no premium and the share issue price can be listed at ₹217 only. This IPO did not even get full subscription. Total bidding stopped at 97% only. QIB subscribed 1.26 times and Retail subscribed 1.10 times. NII share reached just 30%. The company had fixed the price band of ₹206-217. The listing will take place on November 18. Weak interest indicates that this IPO may give flat listing.
Tenneco Clean Air IPO: Most talked about
This is considered to be the hottest IPO of the week. Tenneco Clean Air’s GMP has reached ₹120 today. With the issue price being ₹397, this indicates that the share may be listed at around ₹517, i.e. a premium of around 20%. This IPO received a whopping 59 times subscription. QIB portion was subscribed 166 times, NII portion was subscribed 40.7 times and retail segment was subscribed 5.11 times. The company had kept the price band of ₹378-397 and the IPO is completely OFS. The listing will take place on November 19. This IPO is considered to be the strongest listing among the four.
Fujiyama Power Systems IPO: Listing expected to remain flat
The GMP of Fujiyama Power Systems is also zero right now, which means there is no hope of any kind of premium. The share issue price may be listed at upper level of ₹216-228 only. This IPO received only 40% bidding till the second day. QIB share reached 81%, retail 28% and NII only 10%. The total issue size is of ₹828 crore, which includes fresh issue of ₹600 crore and OFS of ₹228 crore. Its listing will take place on November 20. Market indications suggest that this IPO may be listed as no-gain, no-loss.
Disclaimer: This article has been prepared for information and educational purposes only. Any information given herein is not investment advice. The stock market is subject to risks. Before making any investment, definitely consult your financial advisor.
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