IPO GMP comparison: The race for investors in the primary market has entered its last lap for LCC Projects Limited, Karamtara Engineering Limited, and Steamhouse India Limited. These three mainboard initial public offerings (IPOs) will close for subscription on Friday, September 11.
Based on the IPO grey market premium (GMP today), LCC Projects IPO is likely to see the strongest listing gain of 34%, followed by Steamhouse India which is expected to see a 28.4% listing pop, and Karamtara Engineering IPO expected to see a 17% listing gain. For investors who are closely tracking these IPOs, here are all the details to know about these three.
LCC Projects IPO GMP today stood close to ₹51, which indicates an estimated listing at ₹146 per share (sum of upper price band and latest GMP), at 11 am on Friday. It indicates an expected percentage gain/loss per share of 34.93%.
Karamtara Engineering IPO gmp today stood at ₹69, at 11 am on Friday. Hence, the IPO is expected to be listed at a price of ₹323 per share (which is the sum of upper price band ( ₹254) and IPO gmp today). The IPO is likely to see an expected percentage gain/loss per share of 27.17%.
Steamhouse India IPO GMP today stood close to ₹23 per share, which indicates an estimated listing at ₹104 per share (sum of upper price band, 81, and the latest GMP). The grey market price indicates at 28.4% listing gain.