IPO GMP (Grey Market Premium) for the week ending January 19th stood at INR 738 crore for four companies. One of these IPOs is listed on the mainboard, while the other three are listed on the SME exchange. All these IPOs will remain open for subscription until January 23rd, and the shares will be listed on January 29th.
1. Epack Durable IPO:
★IPO size: INR 640.05 crore
★Price band: INR 218-230 per share
★Lot size: 65 shares
★The IPO will issue INR 400 crore worth of new shares, with INR 230 crore being used for expansion of manufacturing facilities, INR 80 crore for debt repayment, and the remaining amount for general corporate purposes.
★Grey Market Premium: Trading at INR 31 GMP, which is a 13.48% premium to the top price band.
2. Addictive Learning Technology IPO:
★IPO size: INR 60.16 crore
★The shares will be sold through an offer-for-sale, including the sale of new shares.
★Price band: INR 133-140 per share
★Lot size: 1,000 shares
★The funds raised through the IPO will be used for acquisitions, technological investments, development of new courses, branding and marketing expenses, and general corporate purposes.
★Grey Market Premium: Trading at INR 109 GMP, which is a 77.86% premium to the upper price band.
3. Konstelec Engineers IPO:
★IPO size: INR 28.70 crore
★Price band: INR 66-70 per share
★Lot size: 2,000 shares
★The majority of the funds raised through the IPO will be used for working capital requirements.
★Grey Market Premium: Trading at INR 45 GMP, which is a 64.29% premium to the upper price band.
4. Uforia Infotech India IPO:
★IPO size: INR 9.60 crore
★Price band: INR 96-100 per share
★Lot size: 1,200 shares
★The funds raised through the IPO will be used to fulfill working capital requirements, IPO expenses, and general corporate purposes.
★Grey Market Premium: Trading at INR 50 GMP.
Readers, these IPOs have generated a lot of interest in the market. Investors should carefully analyze the fundamentals and future prospects of these companies before making any investment decisions.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
