Mumbai: India’s IPO market seems to have finally picked up pace as several companies have opened their initial public offerings for subscription, and several others are lined up in the coming months.
Among the companies that are set to tap the capital markets are HDB Financial Services, a subsidiary of HDFC Bank, Kalpataru, Rubicon Research; Globe Civil Projects, Ellenbarrie Industrial Gases, National Securities Depository Ltd (NSDL), Regreen-Excel EPC India, and Paramesu Biotech.
Some of them are already open for subscription. Amid the positive market sentiment, let’s check what the grey market premium (GMP) trends suggest for them.
The initial public offer of HDB Financial Services Ltd, a subsidiary of HDFC Bank, is currently open for subscription, and the bidding process will end on June 27, 2025. The HDB Financial Services IPO GMP today is Rs 51.5. This indicates a premium of Rs 51.5 in the grey market, according to Investorgain.
The offer’s price band has been fixed at Rs 700-740 per share. Considering the upper price band of Rs 740, the HDB Financial IPO’s estimated listing price is Rs 791.5.
Today is the last day of the bidding process for the initial share sale of real estate developer Kalpataru Ltd. The price band for the IPO has been fixed at Rs 387-414 per share. According to Investorgain, the Kalpataru IPO GMP on Thursday morning is Rs 3. Considering the upper price band of Rs 414, the estimated listing price is Rs 414.
The issue had got subscribed to 35 per cent on the second day of bidding on Wednesday.
Civil construction and infrastructure development company Globe Civil Projects has set a price range of Rs 67-71 per share for its IPO. According to Investorgain, Globe Civil Projects IPO GMP is Rs 15 today. The estimated listing price is Rs 86, i.e., a gain of 21.13 per cent.
Ellenbarrie Industrial Gases, which manufactures and supplies industrial gases, dry ice, synthetic air, fire-fighting gases, medical oxygen, and specialty gases, has garnered a 72 per cent subscription till 11:30 am on Thursday. The price band for this IPO has been fixed at Rs 380-400 per share for the issue. According to Investorgain, Ellenbarrie Industrial Gases IPO GMP today is Rs 19. Considering the upper price band, the IPO’s estimated listing price is Rs 419.
