Amidst the stormy rise of the stock market, there is a spring for IPO investors. Many IPOs are being launched in the market and they are getting tremendous response from investors. The two recent IPOs Manaba Finance and KRN Heat Exchanger were immediately accepted by investors. Even if you did not get a chance in these two IPOs, the opportunities to make money are not over.
One day’s chance to bid
On the mainboard in the market this week. 3 IPOs opened. Two of them are the IPOs of Manba Finance and KRN Heat Exchanger. The third IPO is of Diffusion Engineers, which is not closed yet. This IPO opened on 26th September and bidding can be done till 30th September. That means you have time on Monday to bid in this IPO.
This is the IPO of Diffusion Engineers
For this IPO of Rs 158 crore of Diffusion Engineers, the price is Rs 159 to 168. The price band per share has been fixed. There are 88 shares in one lot of IPO. Meaning, you are going to need at least Rs 14,784 to invest in this IPO.
This much is the premium going on in the gray market
Diffusion Engineers’ IPO is on 27th September i.e. Friday. Till now it has been subscribed more than 27 times. This IPO is getting good response in the gray market. Currently the GMP i.e. gray market premium of Diffusion Engineers shares is running at Rs 64. If we look at the upper price band of Rs 168, then the current GMP is indicating a 38 percent increase in listing at Rs 232.
Indications of explosive listing of this stock
KRN Heat The Exchanger’s IPO closed on 27 September. This IPO has been subscribed more than 213 times. The company will allot shares on September 30 and after that the shares will be listed on October 3. Its gray market premium is currently running at 125 percent. Whereas the IPO of Manba Finance opened on 23rd September and closed on 25th September. Its gray market premium is running at Rs 40 i.e. 33 percent.
Disclaimer: The information provided here is being given for information only. It is important to mention here that investing in the market is subject to market risks. As an investor, always consult an expert before investing money. ABPLive.com never advises anyone to invest any money.
Also read: The wait for Shapoorji Pallonji’s mega IPO is over, 2 year record will be broken
