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The primary market enters a busy week with five IPOs opening for subscription between September 28 and September 30. Shah Investor’s Home and SRIT India open on September 28, while Nityas Gems & Jewellery, Vishal Nirmiti and Paramount Syntex are scheduled to open on September 30.
Shah Investor’s Home’s IPO opens on September 28 and closes on September 30. The company has fixed the price band at Rs. 159-167 per share and is looking to raise Rs. 90.17 crore. The IPO is scheduled to list on October 6.
In the grey market, Shah Investor’s Home was quoted at premiums between Rs. 10 and Rs. 12 during September 23 and 26, according to trackers. Grey market premium is unofficial and does not guarantee the listing price.
SRIT India’s Rs. 218.40-crore IPO also opens on September 28 and closes on September 30. The price band is set at Rs. 123-130 per share, with the shares scheduled to list on October 6.
The IPO’s grey market premium climbed last week. IPO Watch reported a GMP of Rs. 13 on September 24, Rs. 22 on September 25, and Rs. 32 on September 26.
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Nityas Gems & Jewellery will open its Rs. 108.35-crore IPO on September 30 and close on October 5. The price band is Rs. 70-75, while listing is scheduled for October 8. Its reported GMP was Rs. 0 on September 27.
Vishal Nirmiti will also open on September 30 and close on October 5. The company has fixed the price band at Rs. 208-220 per share. The issue comprises a fresh issue of up to 69.71 lakh shares and an offer for sale of 15 lakh shares, taking the total issue size to Rs. 178 crore at the upper price band.
Paramount Syntex is scheduled to open on September 30 and close on October 6. The SME IPO carries a price band of Rs. 119-127 and an issue size of Rs. 81.79 crore. Its shares are scheduled to list on October 9.
With all five issues entering their respective subscription windows this week, investors will get fresh subscription data as bidding progresses. Last week, these companies were largely in the pre-IPO phase, with grey market activity providing unofficial indications for some issues. Actual subscription figures will become available once the respective IPOs open.
