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Aditya Infotech IPO GMP hints at 44% listing premium ahead of debut tomorrow

Economic Times

Economic Times · 23d ago

Aditya Infotech IPO GMP hints at 44% listing premium ahead of debut tomorrow

Aditya Infotech's Rs 1,300-crore IPO, set for BSE and NSE listing, shows strong demand with a 44% expected premium in the grey market. The IPO, comprising Rs 500 crore fresh issue and Rs 800 crore for sale, was subscribed 106.23 times, indicating robust investor interest. The company, a major electronic surveillance supplier in India, aims to use proceeds for debt repayment and corporate purposes, with strong financial performance fueling investor confidence.

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Aditya Infotech IPO GMP hints at 38% listing pop. Some brokerages say subscribe, others warn of risks

Economic Times

Economic Times · 29d ago

Aditya Infotech IPO GMP hints at 38% listing pop. Some brokerages say subscribe, others warn of risks

Aditya Infotech's IPO has attracted attention due to a strong grey market premium, suggesting a potential 38.5% listing gain. Despite robust retail subscriptions, analysts are split on the offering. SBI Securities recommends avoiding due to high valuations, while Geojit Financial Services and others endorse subscribing, citing strong market position and growth opportunities. Aditya Infotech specializes in electronic surveillance products and benefits from new regulatory norms favoring domestic players. The IPO proceeds will address working capital and debt reduction.

Swiggy Shares Make Debut On Bourses; List At 8% Premium

Inc42 · 9m ago

Swiggy Shares Make Debut On Bourses; List At 8% Premium

Swiggy, the food delivery giant, made its stock market debut today with shares listing at INR 420 on the NSE, a premium of 8% from its IPO issue price of INR 390 per share. The company's INR 11,324 Cr IPO was oversubscribed 3.59 times on the final day of bidding. The public listing is expected to benefit around 500 employees, who will become 'crorepatis' (millionaires).

Oswal Pumps IPO: Shares to list tomorrow, GMP at 8.5% ahead of listing. Here’s what to expect

Economic Times

Economic Times · 2m ago

Oswal Pumps IPO: Shares to list tomorrow, GMP at 8.5% ahead of listing. Here’s what to expect

Oswal Pumps' IPO, oversubscribed 14.19 times, is set for listing, reflecting strong investor confidence. The shares are trading at a modest grey market premium, suggesting potential listing gains. The IPO saw significant demand from Qualified Institutional Buyers and Non-Institutional Investors. Analysts see Oswal Pumps as a promising long-term investment, benefiting from agri-infrastructure and clean energy growth. Despite market volatility, the robust response highlights trust in the company’s fundamentals and future potential.

Monarch Surveyors IPO subscribed 24.40 times; Check GMP, price band and other details

Economic Times

Economic Times · 1m ago

Monarch Surveyors IPO subscribed 24.40 times; Check GMP, price band and other details

Monarch Surveyors and Engineering Consultants' IPO, valued at Rs 94 crore, has been highly successful, with a subscription rate of 24.40 times due to significant interest from retail investors. Set between Rs 237 and Rs 250 per share, the IPO enjoys a Grey Market Premium of 68%, suggesting potential listing gains. Funds raised aim to enhance operations, including machinery acquisition and working capital, boosting Monarch’s growth in civil engineering consultancy.

Glen Industries IPO GMP at 31% as issue gets subscribed over 6 times on day 2, so far

Economic Times

Economic Times · 1m ago

Glen Industries IPO GMP at 31% as issue gets subscribed over 6 times on day 2, so far

Glen Industries' IPO, with a Rs 97 upper price band, saw a grey market premium of 31% on its second day, predicting a listing at Rs 127. The IPO was subscribed over six times, with notable demand from Retail Individual Investors. The company, which produces eco-friendly packaging, plans to use IPO funds for a new manufacturing facility in West Bengal, aiming for a revenue of Rs 1,000 crore by 2030.

Nephro Care makes a stellar debut on NSE SME, lists at 90% premium against issue price

Money Control

Money Control · 1y ago

Nephro Care makes a stellar debut on NSE SME, lists at 90% premium against issue price

Shares of Nephro Care India made a strong debut on the NSE SME, listing at Rs 171 per share with a premium of 90% over the issue price of Rs 90. This is the first SME IPO to make a debut after NSE imposed a 90% cap on SME stocks. The IPO garnered bids worth over Rs 20,000 crore, which is the highest ever for a SME IPO. The company plans to use the proceeds for setting up a multi-specialty hospital and for general corporate expenses.

Go Digit makes stock market debut, gains 12% on issue price

Economic Times

Economic Times · 1y ago

Go Digit makes stock market debut, gains 12% on issue price

Bengaluru-based insurance company Go Digit General Insurance made its stock market debut, with shares listing on the National Stock Exchange at a 5.15% premium on the issue price. The company's stock closed at a 12.4% premium on the issue price. The IPO was subscribed 9.6 times, with strong participation from retail and institutional investors. Go Digit's market capitalization stands at over Rs 28,000 crore. The company raised Rs 2,615 crore through the IPO, with the funds being used for business operations and general corporate purposes.

Indiqube Spaces IPO opens on July 23; GMP hints at 13% premium

Economic Times

Economic Times · 1m ago

Indiqube Spaces IPO opens on July 23; GMP hints at 13% premium

Indiqube Spaces is set to launch its IPO on July 23, with shares trading at a grey market premium (GMP) suggesting a 13% potential listing gain over the Rs 237 upper price band. The IPO includes a Rs 700 crore issue, comprising a Rs 650 crore fresh issue and a Rs 50 crore offer for sale. Proceeds will fund new centers, repay borrowings, and serve general corporate purposes. Founded in 2015, the workspace solutions provider reported significant financial improvements in FY25.

Brigade Hotel IPO subscribed 98% on day 2: GMP hints at 7% listing pop

Economic Times

Economic Times · 1m ago

Brigade Hotel IPO subscribed 98% on day 2: GMP hints at 7% listing pop

Brigade Hotel Ventures' IPO was 98% subscribed on the second day, driven by retail and non-institutional investors. The IPO is priced between Rs 85-90 and is set to close on July 28, with a stock debut on July 31. Operating nine upscale hotels in South India managed under brands like Marriott, the company plans to expand its offerings. Analysts remain divided on the IPO, noting a subdued grey market premium and high valuations compared to peers.

Ather Energy shares debut at 2.2% premium over IPO price

Economic Times

Economic Times · 3m ago

Ather Energy shares debut at 2.2% premium over IPO price

Ather Energy shares had a modest debut on Indian exchanges, listing at a slight premium over the IPO price. The company's IPO raised Rs 2,981 crore, with significant investments from SBI Mutual Fund. The offer was subscribed 1.43 times, with strong interest from institutional buyers. Proceeds will fund a new manufacturing plant, R&D, marketing, and debt repayment. The IPO will also provide substantial returns for early investors and employees through the employee stock options program.

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