The IPO market is buzzing with excitement today, December 17, 2024, as several upcoming and recently closed IPOs are showing strong Grey Market Premiums (GMP). Companies like NACDAC Infrastructure, Mobikwik, and Transrail Lighting are leading the charts with massive listing day expectations. Let’s dive into the details of today’s top IPO performers and GMP updates.
NACDAC Infrastructure IPO Soars with 114% GMP
The NACDAC Infrastructure BSE SME IPO has become the star of the day, showcasing an impressive GMP of ₹40. With an issue price of ₹35, the estimated listing price stands at ₹75, reflecting a whopping 114.29% premium. This IPO has caught investors’ attention thanks to its 5/5 fire rating and an affordable lot size in its ₹10.01 crore offering.
Mobikwik IPO Delivers Solid Premium
The fintech giant Mobikwik IPO, which closed with an oversubscription of 125.69x, is holding steady with a GMP of ₹165. At an issue price of ₹279, the stock is projected to list at ₹444, indicating a robust 59.14% premium. With a 5/5 fire rating and ₹572 crore IPO size, Mobikwik continues to attract investor confidence.
Transrail Lighting IPO Gains Traction
Among the upcoming IPOs, Transrail Lighting is making waves with a GMP of ₹120. Priced at ₹432, the estimated listing price of ₹552 reflects a promising 27.78% premium. This ₹838.91 crore IPO, coupled with a 4/5 fire rating, is set to open on December 19, 2024, and is already drawing strong interest.
Purple United Sales IPO Shows Strong Listing Projections
The Purple United Sales IPO has been another highlight, with its GMP rising to ₹80. Against its issue price of ₹126, the estimated listing price of ₹206 reflects a remarkable 63.49% premium. Oversubscribed by 160.08x, this NSE SME IPO worth ₹32.81 crore continues to exceed expectations.
Hamps Bio IPO and Yash Highvoltage Shine with High GMP
The Hamps Bio IPO is one of today’s top performers, with a GMP of ₹45. Priced at ₹51, it is expected to list at ₹96, showing an impressive 88.24% premium. This IPO has also seen exceptional demand, being subscribed 195.9x.
Meanwhile, Yash Highvoltage IPO is turning heads with a ₹135 GMP, setting up for a listing at ₹281 against its issue price of ₹146. This marks a massive 92.47% premium, backed by its 5/5 fire rating and strong 181.82x subscription.
Identical Brains Studios IPO Gains Investor Confidence
The SME player Identical Brains Studios is gaining momentum with a GMP of ₹32. Priced at ₹54, the estimated listing price of ₹86 reflects a 59.26% premium. Its affordable ₹19.95 crore size and 5/5 fire rating make it an appealing pick for investors.
Inventurus Knowledge Solutions and Vishal Mega Mart IPOs Show Steady Premiums
The Inventurus Knowledge Solutions IPO, which recently closed with 52.68x subscription, is delivering a GMP of ₹421. With an issue price of ₹1329, the listing is projected at ₹1750, reflecting a 31.68% premium.
Similarly, Vishal Mega Mart IPO continues to gain traction with a GMP of ₹20.50, pointing toward a listing premium of 26.28% at an expected price of ₹98.50.
Quick GMP Updates for Top IPOs
- Rosmerta Digital Services: GMP ₹22, Estimated Listing ₹169 (14.97% premium).
- DAM Capital Advisors: GMP ₹108, Estimated Listing ₹391 (38.16% premium).
- Mamata Machinery: GMP ₹111, Estimated Listing ₹354 (45.68% premium).
- International Gemmological Institute: GMP ₹125, Estimated Listing ₹542 (29.98% premium).
Market Outlook
The IPO market continues to show remarkable strength today, driven by strong investor demand and high GMP trends. Leading IPOs like NACDAC Infrastructure, Mobikwik, Purple United Sales, and Transrail Lighting are fueling market excitement with substantial listing gains. As subscription numbers continue to climb and GMPs remain steady, investors are positioning themselves for a promising listing season ahead.
Stay tuned for more updates as these IPOs hit the secondary market!