2 stocks will debut in the market this week, indications of high returns on listing, those who invest in IPO will get shares today

Stocks to debut : This week, 2 new stocks are going to debut in the stock market. On July 10, the shares of Shark Tank judge Namita Thapar’s company Emcure Pharmaceuticals and Bansal Wire Industries will be listed on BSE and NSE. Both the companies have received high subscription. At the same time, there are also indications of their strong listing from the grey market. Investors who have invested in the IPO will get shares today. You can check from the website of BSE and IPO registrar whether you got the shares or not.

Both Emcure Pharmaceuticals and Bansal Wire IPOs were open from July 3 to July 5. Shares will be allotted in both today, refund on July 9 and listing on July 10. The price band of Emcure Pharma was kept at Rs 960-1008 per share. While the price band in Bansal Wire was kept at Rs 243-256 per share.

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Emcure Pharma : Subscribed 68 times

Emcure Pharmaceuticals’ IPO has been subscribed 68 times overall. 35 per cent of the IPO was reserved for retail investors and it was subscribed 7.30 times overall. 50 per cent of it was reserved for qualified institutional buyers (QIB) and it was subscribed 191.24 times. While 15 per cent was reserved for non-institutional investors (NII) and it was subscribed 49.27 times overall. The reserved portion for employees was subscribed 8.77 times.

Emcure Pharma : GMP Status

There is a stir in the grey market regarding the IPO of Emcure Pharmaceuticals. The unlisted stock of the company is seen at a price of Rs 360 in the grey market, which is a 36 percent premium over the upper price band of Rs 1008. That is, the listing of the stock can happen at Rs 1368 as compared to the issue price of Rs 1008.

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Bansal Wire: subscribed 63 times

Bansal Wire’s IPO has received an overall subscription of about 63 times. 35 percent of the IPO was reserved for retail investors and it was subscribed 14.37 times. 50 percent of it was reserved for qualified institutional buyers i.e. QIB and it was subscribed 153.86 times overall. While 15 percent of the IPO was reserved for non-institutional investors i.e. NII and it was subscribed 54.21 times overall.

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Bansal Wire : GMP Status

There is also a stir in the grey market regarding the IPO of Bansal Wire. The unlisted stock of the company is seen at a price of Rs 75 in the grey market, which is a 29 percent premium over the upper price band of Rs 256. That is, the listing of the stock can happen at Rs 331 as compared to the issue price of Rs 256.