Four IPOs open on August 31, GMP strengthened, know price and investment details

by

Four IPOs opened: of Purple Style Labs IPO It will be open from 31st August to 2nd September. The company’s IPO size is Rs. 680 crores and the entire issue is based on fresh shares. The company will issue 1.18 crore shares.

The price band for the IPO is Rs. 546 to Rs. 575 per share has been kept. There are 26 shares in a lot. So the minimum investment for retail investors is Rs. 14,950 is done.

The IPO in the gray market is around Rs. Trading at a premium of 28. A listing gain of around 5 percent is being indicated as per the current GMP.

Phychem Technologies IPO

Phychem Technologies IPO Rs. 14.58 crores. CompanyFor the IPO Rs. 51 to Rs. 54 per share price band has been fixed. Existing investors are not selling any shares in this issue.

The company holds 2,000 shares in one lot. Investors have to apply for a minimum of 4,000 shares. According to this, the minimum investment is Rs. 2.16 lakhs.

The share of the company in the gray market is around Rs. is trading at a premium of 3.

Shanti Inorganics IPO

Shanti Inorganics’ IPO size is Rs. 47.24 crores. The company will issue 57 lakh fresh shares through IPO. Price Band Rs. 79 to Rs. 83 per share has been fixed.

The IPO has 1,600 shares in one lot. Minimum investment for investors is Rs. 2,65,600 is.

The IPO in the gray market is around Rs. Trading at a premium of 31.

Ashutosh Fiber IPO

Ashutosh Fibre’s IPO Rs. 56.35 crores. The company will issue 61.25 lakh fresh shares through IPO. The price band for the IPO is Rs. 87 to Rs. 92 per share has been fixed.

One lot has 1,200 shares, but retail investors have to apply for at least two lots ie 2,400 shares. According to this, the minimum investment is Rs. 2,20,800 is done.

The premium of an IPO in the gray market is around Rs. 37 per share.

What investors should keep in mind

GMP is different in all four IPOs and gray market premium does not guarantee listing gain. Before investing in an IPO it is necessary to study the company’s financial position, valuation, business model and risks.

This is not investment advice. Stock market is subject to risks. Seek expert advice before investing.

Leave a Comment