The stock market has seen several IPOs break ground this week with subscriptions already underway and about to start. The last date to apply is Wednesday for those whose subscription started on December 18. The IPO subscription starts on December 20. It will last till 22.

Currently undersubscribed Happy Forgings, RBZ Jewelers and Credo Brand Marketing were oversubscribed on the first day on Tuesday, while Muthoot Microfin, Suraj Estate Developers and Motisons Jewelers were fully subscribed on the second day. In this case, the anxiety of the investors is whether they will get the shares and the listing benefit.

IPO oversubscribed


 The retail portion of RBZ Jewellers' IPO was oversubscribed 4.5 times on Tuesday. Credo Brands was oversubscribed 3.2 times and Happy Forgings 3 times. Motisons Jewelers was oversubscribed 64.3 times over the available shares on the second day of the IPO. Muthoot Microfin applied 4 times and Suraj Real Estate 3.8 times.

Will there be gain on listing day?


 The IPO gains of Tata Technologies and IREDA and the subsequent share gains attracted retail investors to the IPOs. Investors are looking at whether there will be similar gains this time. Gray market premium can be used for this. A high gray market premium indicates a potential listing gain for an IPO. Let's check the gray market premium of existing IPOs.

Gray market premium


 Gray market premium is one factor that influences initial share sales. Gray market premium refers to how much premium investors are willing to pay over the issue price. Gray market is an unofficial market where stock transactions take place before listing on stock exchanges. Trading of shares in the gray market starts a few days before the IPO. Trading will continue till the listing date.

GMP How much Rs


 Motison Jewellers' gray market premium is Rs 78. This shows the possibility of listing at Rs 133 a share with an IPO price of Rs 55. A listing gain of 141.82 percent is expected. Meanwhile, according to InvestorGain.com data, the company's gray market premium is decreasing. 109 on December 18

Suraj Estate Developers is at a gray market premium of Rs 70. The IPO price of Rs 360 per share is expected to be Rs 430 in the listing, a gain of 19.44 percent. The stock will be listed on the 26th.

The gray market premium of Mufti Jeans is rising. The gray market premium is now Rs 145, which was Rs 136 on Monday. 425 expected listing amount is Rs. A gain of 51.79 percent can be expected. RBZ Jewellery's gray market premium is Rs.30. A share with an IPO price of Rs 100 is likely to list at Rs 130. 30 percent gain can be obtained.

Gray market premium for Happy Forgames is rising. GMP rose to Rs 444 today from Rs 430 on Monday. With an IPO price of Rs 850, the stock is likely to list at Rs 1,294, a gain of 54.24 per cent. All will be listed on December 27.


 Azad Engineering's GPM starting issue today is Rs.440. The expected listing amount for the stock available at Rs 524 is Rs 964. A gain of 83.97 percent can be expected. The listing date is December 28.

notice


 The above article is for study purpose. Before taking investment decisions in this regard, the advice of a financial expert can be sought. Investing in stock market is subject to risk of loss. Take investment decision at your own risk only. Granium Information Technologies and the author are not responsible for any profit or loss that may occur based on the decision taken after reading the article.