Rentomojo IPO GMP Live: The IPO has opened for subscription on September 9, giving investors a three-day window to place their bids. The issue is a combination of a fresh issue and an offer for sale (OFS). Manipal Payment & Identity Solutions IPO is a book-built issue of Rs 805 crore, making it the third-largest IPO among the six issues opening on September 9.
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.