Upcoming IPOs in India: GMP and their market capitalization ,A Comprehensive Guide

Upcoming IPOs in India: GMP

techMay 15, 2024

0 746 4 minutes read

Upcoming IPOs in India: A Comprehensive Guide

Introduction

The Indian stock market is abuzz with anticipation as several companies gear up for their Initial Public Offerings (IPOs). These IPOs provide an opportunity for investors to participate in a company’s growth story right from the beginning. In this article, we’ll delve into the upcoming IPOs in India, their market capitalization, and the Grey Market Premium (GMP).

What is an IPO?

An IPO marks a privately held company’s first sale of stock to the public via a stock exchange. Companies use the funds raised through IPOs for various purposes, including working capital, debt repayment, acquisitions, and expansion.

Upcoming IPOs in 2024

Let’s take a closer look at some of the exciting IPOs scheduled for 2024:

Aadhar Housing Finance Limited:
- IPO Date: May 8 to May 10, 2024.
- Issue Price: ₹315 per share.
- GMP: ₹50 (16% gain).
- Market Capitalization: To be determined upon listing.
TBO Tek Limited:
- IPO Date: May 8 to May 10, 2024.
- Issue Price: ₹920 per share.
- GMP: ₹450 (49% gain).
- Market Capitalization: To be determined upon listing.
Go Digit General Insurance Limited:
- IPO Date: May 15 to May 17, 2024.
- Issue Price: ₹272 per share.
- GMP: ₹50 (18% gain).
- Market Capitalization: To be determined upon listing.
Refractory Shapes Limited (NSE SME):
- IPO Date: May 6 to May 9, 2024.
- Issue Price: ₹31 per share.
- GMP: ₹15 (48% gain).
- Market Capitalization: To be determined upon listing.
Winsol Engineers Limited (NSE SME):
- IPO Date: May 6 to May 9, 2024.
- Issue Price: ₹75 per share.
- GMP: ₹200 (267% gain).
- Market Capitalization: To be determined upon listing.

Upcoming IPOs in India for the year 2024, including both Mainboard IPOs and SME IPOs:

Rulka Electricals Limited IPO:
- Open Date: May 16, 2024
- Close Date: May 21, 2024
- Listing Date: May 24, 2024
- Issue Price: ₹223.00 to ₹235.00
- Issue Size: ₹26.40 crore
- Lot Size: 600 shares
- Exchange: NSE SME
Quest Laboratories Limited IPO:
- Open Date: May 15, 2024
- Close Date: May 17, 2024
- Listing Date: May 23, 2024
- Issue Price: ₹93.00 to ₹97.00
- Issue Size: ₹43.16 crore
- Lot Size: 1,200 shares
- Exchange: NSE SME
Go Digit General Insurance Limited IPO:
- Open Date: May 15, 2024
- Close Date: May 17, 2024
- Listing Date: May 23, 2024
- Issue Price: ₹258.00 to ₹272.00
- Issue Size: ₹2,614.65 crore
- Lot Size: 55 shares
- Exchanges: BSE, NSE
Indian Emulsifier Limited IPO:
- Open Date: May 13, 2024
- Close Date: May 16, 2024
- Listing Date: May 22, 2024
- Issue Price: ₹125.00 to ₹132.00
- Issue Size: ₹42.39 crore
- Lot Size: 1,000 shares
- Exchange: NSE SME
Mandeep Auto Industries Limited IPO:
- Open Date: May 13, 2024
- Close Date: May 15, 2024
- Listing Date: May 21, 2024
- Issue Price: ₹67.00
- Issue Size: ₹25.25 crore
- Lot Size: 2,000 shares
- Exchange: NSE SME

How to Check your IPO Allotment status?

Allotment process

First of all, the invalid bids that have been submitted incorrectly are rejected from the total number of bids, the remaining bids are called the successful bids for the particular IPO. Now, there can be two situations;

The total number of successful bids is equal to or less than the offered shares– In such a case there would be a complete allotment of shares i.e. all bidders who have applied for, would be allotted the shares. In recent days this has become an exceptional case.
The total number of bids is greater than the number of shares offered– This is generally the case that is seen in many of the IPOs and is called oversubscription. In this case, the allotment process is a bit challenging. If the oversubscription is small then the minimum lot is allotted to all subscribers and the remaining is then assigned proportionally to the investors who have bid for more than one lot. In the case of large oversubscription, the situation is such that even one lot cannot be allotted to every applicant, then allotment is done via a lottery system. The lottery draw is computerized without any partiality. Thus, in large oversubscription, many applicants do not get the allotment. We generally get to see this type of scenario in most of the IPOs.

How to check IPO allotment:

Share Allotment status is available on the registrar’s website and can be checked in three ways, by entering the pan number, application number, or DP Client ID. The investor can check this on the following link of the respective registrars for the respective IPOs.

https://linkintime.co.in/MIPO/Ipoallotment.html

https://ris.kfintech.com/ipostatus/ipos.aspx

Check allotment status on the BSE website

https://www.bseindia.com/static/investors/application_statuschecksystem.aspx

The steps to be followed for checking allotment are-

a) Go to the BSE website.

b) Select Equity in Issue Type

c) In the Issue Name segment, tap on X IPO in the drop-down menu

d) Type in PAN

e) Tick mark ‘I’m not a robot’.

Understanding Grey Market Premium (GMP)

The Grey Market Premium (GMP) refers to the difference between the IPO’s issue price and its trading price in the unofficial grey market. Before an IPO officially hits the stock exchanges, there is a period during which unofficial trading of the IPO shares takes place in this grey market. Investors closely monitor the GMP as it provides insights into market sentiment and potential listing gains.

Investor Considerations

Fundamentals: Always consider the fundamentals of the companies before subscribing to an IPO. Analyze financials, growth prospects, and industry trends.
GMP Variation: The GMP can vary based on market conditions, demand, and subscription numbers. It’s essential to stay updated.
Listing Gain: While GMP indicates potential listing gains, it’s crucial to invest based on a company’s long-term prospects.

Conclusion

Upcoming IPOs offer exciting opportunities for investors to participate in India’s economic growth. Keep an eye on the GMP, study the company’s fundamentals, and make informed investment decisions. Happy investing!

Disclaimer: The estimated IPO Grey Market Premium mentioned is valid for the specific date and is for educational purposes only. Always consult financial advisors before making investment decisions.

Upcoming IPOs in India: GMP and their market capitalization ,A Comprehensive Guide