Investors’ silver! 3 new IPOs will hit the market with a whopping 100% premium; What is the GMP of which company?

• Investors’ silver!
• 3 new IPOs will hit the market
• How much GMP of which company?

There is good news for the investors investing in the IPO market. Not one, not two, but as many as three IPOs are going to hit the market at the same time next week. Around Rs 11,980 crore worth of IPOs are opening in the country’s primary markets. This IPO is going to be a huge benefit. Let’s know in detail which are the IPOs that are hitting the market.

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This includes two mainboard issues of SBI Funds Management and Alpine Texworld. SBI Funds Management plans to raise Rs 11,693 crore through an IPO (OFS). Alpine Texworld will raise Rs 126.25 crore through a fresh issue, while Millworks Technologies is bringing up a Rs 160.34 crore issue in the SME segment. All the three issues will open for subscription on July 14.

SBI Funds Management IPO

SBI Funds Management will be the biggest issue this week. It will open on July 14 and bidding will remain open till July 16. The company has fixed a price band of ₹545-₹574 per share. Lot size is 26 shares. At the upper band, retail investors have to invest ₹14,924 per lot. GMP of the company is 20% of the issue price.

Alpine Texworld IPO

The second issue on the mainboard is from Alpine Texworld. The IPO of this textile processing company will also open on July 14 and close on July 16. The company has fixed a price band of ₹100-105 per share, with a lot size of 142 shares. Retail investors will need ₹14,910 for a lot at higher rates. The company’s ₹126.25 crore IPO is a fresh issue of entirely 1.20 crore shares. These shares are likely to be listed on BSE and NSE on July 21.

SME Division

The issue of Millworks Technologies in the SME segment will open on July 14 and close on July 16. The company has fixed a price band of ₹315-331 per share. The company plans to raise ₹160.34 crore. The issue will be listed on BSE SME. Millworks shares are in high demand in the gray market and its GMP is over 100% in the unlisted market.

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