IPOs in the stock market over the past few weeks. This is because in the last few weeks many companies have come forward with their initial public offering (IPO). Many of these also got an amazing response. Now five companies will be listed on the stock market in the coming week between December 20 and December 24.
IPOs in the stock market over the past few weeks. This is because in the last few weeks many companies have come forward with their initial public offering (IPO). Many of these also got an amazing response. Now five companies will be listed on the stock market in the coming week between December 20 and December 24. These companies include Shriram Properties, Map My India, Metro Brands, MedPlus Health Services, Data Patterns. Let us know in detail about the IPO of these companies.
Shriram Properties
The IPO opened on December 8 and ended on December 10. The total size of the IPO is Rs 600 crore. It also has a fresh issue of Rs 250 crore. The price per share ranges from Rs 113 to Rs 118. It has been subscribed to 4.6 times. Its GMP is Rs.15. The company will be listed on the stock market on December 20. Shares of the company are trading at just Rs 15 premium in the gray market. Issue price Rs. It represents a 12 per cent premium on each share ranging from 113 to 118.
Map My India
Map My India, a famous brand, CE Info Systems will also be listed in a special week. The company is trading at a premium of Rs 950 in the gray market. This is 91 per cent more than the issue price of Rs 1,000 to Rs 1,033. Advanced Digital Map, a provider of location-based IoT technologies, the company has received a great response, subscribing 155 times. The company’s IPO opened on December 9 and ended on December 13. The company will be listed on the stock market on December 22. Its IPO size is Rs. 1,040 crores.
Metro Brands
With the support of Rakesh Jhunjhunwala, the opening public offering of the specialty footwear retail brand was subscribed 3.64 times on the last day. Its retail share was 1.13 times subscribed. Shares of the company are trading at a premium of Rs 35 in the gray market. Issue price Rs. 485-500 This is a 7% premium per share. The company’s IPO opened on December 10 and closed on December 14. Its IPO size is Rs 1,367 crore. It also has a fresh issue of Rs 295. The company will be listed on the stock market on December 22.
MedPlus Health Services
MedPlus Health Services, India’s second largest pharma retailer, is 52.6 times subscribed. The company’s shares are trading at a premium of Rs 250 per share. This is 31 per cent higher than the issue price per share of Rs.780-796. The company will be listed on December 23rd. The company’s IPO opened on December 13 and ended on December 15. The company has an IPO size of Rs 1,398 crore. It also has a fresh issue of Rs 600 crore. Its price band is Rs.780-796.
Data patterns india
Shares of the company are trading at a premium of Rs 450 per share in the gray market. There is a 77 per cent premium on the issue price of Rs 555-585 per share. Its IPO opened on December 14 and ended on December 16. The IPO size is Rs. 588 crores. It also has a fresh issue of Rs 240 crore.