Investors on Dalal Street are dealing with an unusually busy primary market on Wednesday, September 9, with as many as 10 IPOs at different stages of their offerings. Collectively, these issues are looking to raise ₹7,288.34 crore from investors.
Of the 10 IPOs, six are opening for subscription today, while three have moved into their second day of bidding. The Pranav Constructions IPO, meanwhile, is entering its final day of subscription.
Adding to the excitement around the primary market is the buzz surrounding the upcoming mega IPOs of NSE and JIO, which has further lifted sentiment in the IPO space.
With several issues competing for investor attention, grey market premium (GMP) trends offer one of the key indicators being tracked ahead of listing. Here is a look at the latest GMP, estimated listing price, potential listing gain and issue details for the IPOs.
Rentomojo: The Rentomojo IPO is commanding a GMP of ₹134. Based on the upper end of its price band at ₹404 per share, the implied listing price works out to ₹538. This indicates a potential listing gain of 33.17% over the issue price.