IPO Listing: Monday is a very important day for the primary market. On this day, IPOs of three big companies are being listed in the market. These include the IPOs of Bajaj Housing Finance, Tolins Tyres and Cross Limited. The size of Bajaj Housing Finance’s IPO is Rs 6,560 crore. This IPO has received a great response from investors. It has closed with a subscription of 68 times.
Bajaj Housing Finance IPO Details
Bajaj Housing Finance’s IPO is going to be listed on Monday, September 16. Through this IPO, the company had set a target of raising Rs 6,560 crore. Out of this, Rs 3,560 crore has been issued through fresh issue. Shares worth Rs 3,000 crore were issued under the offer for sale. The company had fixed the price band of the shares between Rs 66 and Rs 70 per share.
GMP is giving indications of strong earnings
Talking about the GMP of the IPO, it is indicating strong earnings. The company’s shares are trading at a premium of 115.71 per cent i.e. GMP of Rs 81 on Saturday, 15 September. If this situation persists till the day of listing, then the shares can be listed on NSE and BSE at Rs 151. On Friday, the company has allotted shares to investors.
Tolins Tyres IPO Details
Tolins Tyres’ IPO was open between 9 and 11 September. Its listing is also scheduled for Monday, 16 September. The company’s price band in the IPO was fixed between Rs 215 and Rs 226. The size of this IPO is Rs 230 crore. In this, fresh shares worth Rs 200 crore and shares worth Rs 30 crore have been issued under Offer for Sale.
Talking about the company’s performance in the grey market, it remains at a GMP of Rs 30. In such a situation, if this situation remains till the day of listing, then the shares can be listed at a premium of 13.27 percent at Rs 256 per share. This IPO has been subscribed up to 25.03 times.
Cross Limited IPO Details
Cross Limited IPO was also open between 9 and 11 September. Its listing will be on 16 September. The price band of the IPO was between Rs 228 and Rs 240. In this IPO, fresh shares worth Rs 250 crore and shares worth Rs 250 crore have been issued under offer for sale. The shares will be listed on BSE and NSE.
Talking about its GMP, the company’s shares in the grey market are indicating good earnings. On Saturday, September 14, the company’s shares are trading at a premium of 10.21 per cent i.e. GMP of Rs 24.50. Shares have been issued at Rs 240 in the IPO. If the situation remains till the day of listing, the shares can be listed at Rs 264.50.
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