Six new Initial Public Offerings (IPOs) will open for investors in the next trading week. These include two mainboard and four SME issues. Among the upcoming IPOs, Anavil Wire & Engineering’s Grey Market Premium (GMP) is currently the highest at ₹90.
A total of six new IPOs will open for investors between August 3 and August 7. The respective companies have announced the start and end dates of their IPOs. The price bands of some of the issues are yet to be announced.
Six new IPOs to open next week
Six companies will be bringing their IPOs to the primary market in the next trading week. RD Industries and Technocraft Ventures are the mainboard issues, while Anavil Wire & Engineering, Aegis Technologies, LAPL Automotive and Optimistics Entertainment India will be offering their shares on the SME platform. The issues of all these companies will open and close on different dates.
Anavil Wire & Engineeringನ GMP ₹90
Anavil Wire & Engineering’s IPO will open on August 3 and close on August 5. The company has set a price band of ₹257 to ₹270 per share. Investors will have to apply for a minimum lot of 400 shares.
The GMP of this IPO in the grey market is currently around ₹90, the highest among all the six upcoming issues. However, the grey market premium is constantly changing and cannot be considered as a guarantee of listing performance.
Aegis Technologies and RD Industries Issues Details
Aegis Technologies’ SME IPO will open on August 4 and close on August 6. The company has set a price band of ₹100 to ₹105 per share. There will be 1,200 shares in a lot. Its GMP is currently stated to be zero.
RD Industries’ mainboard IPO will be open for investors from August 5 to August 7. The company has set a price band of ₹50 to ₹53 per share. Its lot size is 281 shares. The issue’s GMP in the grey market is reported to be around ₹7, indicating a limited listing premium.
LAPL Automotive IPO to open on August 6
LAPL Automotive’s IPO will open on August 6 and will be available for investment till August 10. Its price band has been fixed at ₹88 to ₹94 per share and there will be 1,200 shares in one lot. The current GMP of this issue is said to be around ₹22.
Optimistics Entertainment India and Technocraft Ventures IPOs to open on August 7
The IPOs of Optimistics Entertainment India and Technocraft Ventures will open on August 7. Both issues will close on August 11.
These companies have not yet announced their price band and lot size. As per the available information, the GMP of both the IPOs is currently zero.
GMP may change before listing
It is not considered appropriate to base a decision on GMP alone before investing in an IPO. Investors should also carefully review the company’s financial condition, business model, valuation, risks, future growth prospects and the use of the funds raised through the issue.
The grey market premium only reflects the current market sentiment and may change at any time prior to listing. Therefore, it is essential to review all official documents and risk factors before investing in any IPO.