Stocks to List : There is a lot of action in the IPO market these days. New IPOs are being launched one after the other and are also giving better returns on listing. 5 stocks are going to be listed on BSE and NSE in 4 business days from 12 September to 17 September. Out of these, 1 IPO has been closed and 3 IPOs are closing today, while one will close tomorrow i.e. on 12 September. There is a stir in the grey market regarding the unlisted stock of all these companies. The grey market indicates high listing gains. The highest GMP is 93 percent of Bajaj Housing Finance.
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Bajaj Housing Finance
GMP : 93%
The premium on the unlisted stock of Bajaj Housing Finance has reached Rs 65 in the grey market. This is a 93% premium over the upper price band of the IPO of Rs 70. The stock will be listed on BSE and NSE on September 16.
Subscription Status
By 4 pm on its third day, this IPO has been subscribed overall 66.78 times. The reserve portion for QIB has been filled 220.17 times so far. The reserve portion for NII has been filled 43.73 times and the reserve portion for retail investors has been filled 7.14 times. The reserve portion for employees has been filled 2.04 times and the reserve portion for others has been filled 18.26 times.
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PN Gadgil Jewellers
GMP : 53%
The premium on the unlisted stock of PN Gadgil Jewelers has reached Rs 255 in the grey market. This is a 53% premium over the upper price band of the IPO of Rs 480. The stock will be listed on BSE and NSE on September 17.
Subscription Status
By 4 pm on its second day, this IPO has been subscribed overall 5.78 times. The reserve portion for QIB has been filled 0.08 times so far. The reserve portion for NII has been filled 12.40 times and the reserve portion for retail investors has been filled 6.20 times.
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Cross
GMP : 19%
The premium on the unlisted stock of Cross has reached Rs 45 in the grey market. This is a 19% premium over the upper price band of the IPO of Rs 240. The stock will be listed on BSE and NSE on September 16.
Subscription Status
By 4 pm on its third day, this IPO has been subscribed overall 17.08 times. The reserve portion for QIB has been filled 24.55 times so far. The reserve portion for NII has been filled 23.13 times and the reserve portion for retail investors has been filled 10.22 times.
Tolins Tyres
GMP : 18%
The premium on the unlisted stock of Tolins Tyres has reached Rs 40 in the grey market. This is an 18% premium over the upper price band of the IPO of Rs 226. The stock will be listed on BSE and NSE on September 16.
Subscription Status
By 4 pm on its third day, this IPO has been subscribed 24.13 times overall. The reserve portion for QIB has been filled 26.72 times so far. The reserve portion for NII has been filled 28.56 times and the reserve portion for retail investors has been filled 20.75 times.
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Shree Tirupati Balajee
GMP : 48%
The premium on the unlisted stock of Shri Tirupati Balaji has reached Rs 40 in the grey market. This is a 48% premium over the upper price band of the IPO of Rs 83. The stock will be listed on BSE and NSE on September 12.
Subscription Status
This IPO has been subscribed 124.74 times overall. The reserve portion for QIB has been filled 150.87 times so far. The reserve portion for NII has been filled 210.12 times and the reserve portion for retail investors has been filled 73.22 times.