IPOS opened in the last month of the eyer (December) so far, have got overwhelming responses from investors. It’s not only the investors shown interest in bidding, the majority of the IPOs have listed with tremendeous premiums against their issue price as well.
If you have missed opportunities to bid in these IPOS then next week you will have multiple options to bid in. Let’s have a look at IPOS opening next week.
The seven mainboard IPOs will cumulatively raise about Rs 3,910 crore, while four of the SME issues are expected to mop up Rs 135 crore.
Analysts said the strong interest in IPOs is due to an increased focus on profitability and reasonable pricing of deals, at least relative to prevailing higher valuation multiples in listed peers.
Among the mainboard IPOs, Muthoot Microfin, Motisons Jewellers, Suraj Estate Developers, Happy Forgings, RBZ Jewellers, Credo Brands and Azad Engineering are slated to open next week.
The SME segment, on the other hand, will see public offers of Sahara Maritime, Electro Force, Shanti Spintex and Trident Techlabs.
4 mainboard IPOs set to open next week to garner up to 180% GMP
Happy Forgings IPO: Happy Forgings is commanding a premium of Rs 460 in the grey market, which is 54% over the IPO issue price.
Suraj Estate Developers: Suraj Estate Developers is commanding a premium of Rs 65 in the grey market, which is 18% over the IPO issue price.
Muthoot Microfin: Muthoot Microfin is commanding a premium of Rs 88 in the grey market, which is 30% over the IPO issue price.
Motisons Jewellers: Motisons Jewellers is commanding a premium of Rs 100 in the grey market, which is 182% over the IPO issue price.
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