Stocks to List Next Week : Next week, not one, not 2 but 3 IPOs are going to be listed in the stock market. This listing will take place between 13th and 15th May. The three companies whose stocks will be listed on BSE and NSE include Indegene, TBO TEK and Aadhar Housing. Talking about all the three stocks, their listing is expected to be strong. There is a stir in the gray market regarding all three. Indigene’s IPO has received bumper subscription. Whereas the IPOs of TBO Tech and Aadhaar Housing are getting good response from investors on the last day today. In such a situation, if you have invested money in any of these and shares are allotted then you should keep an eye on the listing.
TBO TEK IPO: Subscribed 13.26 times so far
TBO TEK’s IPO has received 49.47 times subscription till 3 pm on the third day. 10 percent share is reserved for retail investors in the IPO and it is filled 13.26 times till 3 pm on the third day. Whereas 75 percent share is reserved for qualified institutional buyers and till now it has been filled 41.67 times. 15 percent share is reserved for non-institutional investors and till now it has been filled 20.36 times.
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TBO TEK GMP : 60%
There is a lot of stir in the gray market regarding travel distribution company TBO Tech Limited. The unlisted stock of the company is at a premium of Rs 550 i.e. 60 percent in the gray market. The company’s stock may be listed at Rs 1460 compared to the IPO price of Rs 920.
Indegene IPO: Subscribed more than 70 times
Indigene’s IPO has closed and it has been subscribed 70.30 times overall. In this IPO, 35 percent shares were reserved for retail investors and it was subscribed 7.86 times or 786 percent. 50 percent of its shares were reserved for Qualified Institutional Buyers i.e. QIB and it was subscribed 192.72 times. Whereas 15 percent share was reserved for non-institutional investors i.e. NII and it was subscribed overall 55.91 times. The reserved share for employees is filled 6.62 times.
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Indegene IPO GMP: 64%
IPOs are becoming popular in the gray market of IPOs. In the gray market, the unlisted stock of the company is trading at Rs 290 i.e. 64 percent premium. If we look at the gray market indications, the stock may be listed at Rs 732 (Indegene IPO Listing) as compared to the IPO price of Rs 452.
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Aadhar Housing IPO: 6 times subscribed so far
The IPO of Aadhaar Housing Finance has been subscribed 12.44 times till 3 pm on the last day today. About 50 percent of the shares in the IPO are reserved for qualified institutional buyers and it has been filled 29.81 times so far. 15 percent share is reserved for non-institutional investors and till now it has been filled 13.46 times. Whereas 35 percent share is reserved for retail investors and till now it has been filled 2.13 times. Whereas the reserved share for employees is filled 5.89 times.
Aadhaar Housing GMP: 22%
Unlisted shares of Aadhar Housing Finance are trading at a premium of 22 percent in the gray market. The share is at a premium of Rs 70 i.e. its listing is Rs 385 as per the upper price band of Rs 315.