Grey Market Premium of Upcoming IPO : Grey Market Premium and Discussion
There have been a lot of movement on these two stock exchanges, Nuvoco and CarTrade Tech. One of the reasons is the grey market in these stock exchanges, which makes people suspect their potential and affect its value. As a result of CarTrade’s unimpressive IPO, which affected the IPO premiums of Aptus Value Housing Finance and Chemplast Sanmar, their shares had reduced debuts. Despite this, more positive listings gains are expected for the forthcoming IPOs of Ami Organics and Vijaya Diagnostics because they have competitively priced their stocks compared to their peers.
Latest IPO GMP rates (8 September 2021, in INR)
Two of the most important details of upcoming IPOs that you absolutely need to know are the opening and closing dates. Therefore, let’s quickly take a look at them.
|Name of the company||Opening date of the IPO||Closing date of the IPO|
|Vijaya Diagnostic Centre||September 01, 2021||September 03, 2021|
|Ami Organics||September 01, 2021||September 03, 2021|
|Naapbooks||September 01, 2021||September 06, 2021|
|BEW Engineering||September 02, 2021||September 07, 2021|
|Platinumone Business Services||September 02, 2021||September 07, 2021|
Now that you’re acquainted with the list of IPOs in September 2021, here are some of the details of the companies and their public issues.
1. Vijaya Diagnostic Centre
One of south India’s largest diagnostic chains, Vijaya Diagnostic Centre, has planned to introduce its IPO on the first day of September. The entire issue of the company is an offer for sale from its promoters and is worth around Rs. 1,895.04 crores. The issue price for the IPO has been set between Rs. 522 and Rs. 531 per equity share.
2. Ami Organics
Taking the increased demand for companies operating in the pharmaceutical sector, Ami Organics, a manufacturer of pharmaceutical ingredients has also planned to issue its shares to the public. This is another one of the upcoming IPOs in September 2021. The funds raised from this issue would be used by the company for funding its working capital requirements and for repayment of its financial obligations. The latest IPO of the company is worth Rs. 569.64 crores, with the price band being from Rs. 603 to Rs. 610 per equity share.
The new IPOs in September 2021 list also includes upcoming IPOs from the SME segment. One such public issue from the SME segment is from an Information Technology solutions provider – Naapbooks. The company’s IPO is worth around Rs. 3.99 crores, with the entire public issue being a fresh issue of shares. The price band set by the company is quite affordable at Rs. 71 to Rs. 74 per equity share.
4. BEW Engineering
BEW Engineering is a manufacturing company that’s based out of Maharashtra. The company’s product portfolio includes production of filters and dryers, which are then used in the chemicals industry. BEW Engineering is looking to issue around 684,000 fresh equity shares worth Rs. 3.97 crores and has set the IPO price as Rs. 58 per equity share.
5. Platinumone Business Services
Another one of the upcoming IPOs in the month of September is from Platinumone Business Services, which is a company from the SME segment. The entity specializes in providing Business Process Management Services (BPMS). Around 422,400 equity shares are slated to be sold through this IPO for an aggregate of Rs. 3.89 crores. The IPO price is set at Rs. 92 per equity share.
6. Other expected IPOs in September 2021
These five upcoming IPOs that you saw above aren’t the only ones for this month. Many are still in the pipeline and may materialize by the time we end the month of September. Therefore, here’s an overview of some of the possible new IPOs in September 2021.
|Name of the company||Expected issue size|
|Fincare Small Finance Bank||Rs. 1,330 crores|
|Aadhar Housing Finance||Rs. 7,000 crores|
|Utkarsh Small Finance Bank||Rs. 1,350 crores|
|Shriram Properties||Rs. 800 crores|
|Seven Islands Shipping||Rs. 600 crores|
|ESAF Small Finance Bank||Rs. 1,000 crores|
|Studds Accessories||Rs. 450 crores|
|Star Health And Allied Insurance||Rs. 3,000 crores|
If you’re interested in investing in any of these five IPOs mentioned above in the upcoming IPOs calendar, ensure that you have a demat account in your name. Without it, you won’t be able to invest in any of them. If you don’t have one already, don’t worry. Just head on over to our website to open one online within minutes.