Rentomojo IPO GMP Live Updates | Karamtara Engineering among 6 mainboard IPOs open for bidding; Check GMP, other details
Infrax Renewable IPO, which aims to raise Rs 40.88 crore, unlike Vinod Texworld and Amtech Esters, the issue is currently trading without any grey market premium (GMP).
A zero GMP suggests that the shares could potentially list close to the issue price. However, GMP is an unofficial indicator and may fluctuate ahead of the listing.
Amtech Esters IPO is also witnessing positive sentiment in the grey market. The IPO is currently commanding a GMP of around Rs 7 per share, translating into a premium of nearly 9% over the upper price band of Rs 75. If the current GMP sustains, the estimated listing price could be around Rs 82 per share.
The Rs 17.88-crore book-built issue is entirely a fresh issue of 23.84 lakh shares. The price band has been set at Rs 71 to Rs 75 per share.
The Pranav Constructions IPO enters its third and final day of bidding on September 9, with investor interest remaining strong. The issue continues to trade at a premium in the grey market, with the grey market premium (GMP) rising to 35% from 34% earlier.
The increase in GMP signals positive investor sentiment and raises expectations of a potentially strong listing for the company’s shares.
Asset Reconstruction’s IPO is a ₹732.97 crore book-built issue and is entirely an offer for sale (OFS). The offering comprises 5.27 crore shares worth ₹732.97 crore, with no fresh issue component.
The price band has been fixed at ₹132-₹139 per share, with a lot size of 107 shares. At the upper end of the price band, retail investors will need to invest a minimum of ₹14,873.
Manipal Payment & Identity Solutions’ IPO is a ₹805 crore book-built issue, making it the third-largest among the six IPOs opening on September 9.
The offering comprises a fresh issue of 94.40 lakh shares aggregating to ₹320 crore and an offer for sale (OFS) of 1.43 crore shares worth ₹485 crore.
Steamhouse India’s IPO is a ₹414 crore book-built issue comprising a fresh issue of 4.36 crore shares worth ₹353 crore and an offer for sale (OFS) of 75.31 lakh shares aggregating to ₹61 crore.
LCC Projects’ IPO is a book-built issue worth ₹427.14 crore. The offering comprises a fresh issue of 1.77 crore shares aggregating to ₹258 crore and an offer for sale (OFS) of 1.16 crore shares worth ₹169.14 crore.
Karamtara Engineering’s IPO is a book-built issue worth ₹875 crore. The offering includes a fresh issue of 2.66 crore shares aggregating to ₹675 crore and an offer for sale (OFS) of 78.74 lakh shares worth ₹200 crore.
