11 IPOs Set to List This Week: Grey Market Signals Potential Returns of Up to 90%
The IPO calendar is packed this week, with 11 companies set to list, primarily on the SME platforms. Despite a slowdown in fresh fundraising, grey market trends suggest that investors could still see significant listing gains in select names, with GMPs indicating potential returns of up to 90%.
E to E Transportation Infrastructure stands out as one of the most promising listings, commanding a GMP of around Rs 145, which implies listing gains of over 80%. The company’s strong fundamentals and robust demand during the issue have bolstered investor confidence.
Shyam Dhani Industries is another standout, with the strongest signal among the listings. Its GMP of Rs 70 points to potential gains of nearly 90%. The massive subscription numbers across retail and high-net-worth individual (HNI) categories have kept expectations high.
Dhara Rail Projects, while not as strong as the aforementioned companies, is trading at a modest GMP of about Rs 18, translating into mid-teen listing gains. The stock drew strong demand during the issue, supported by interest in railway-linked execution plays.
Apollo Techno Industries is seeing a GMP of roughly Rs 12, suggesting a high single-digit listing pop. Decent subscription levels indicate measured optimism rather than speculative frenzy, making it a relatively safer bet for cautious investors.
Nanta Tech’s grey market premium of around Rs 10 points to low single-digit gains on debut. While not as exciting as some of the other listings, it still offers a potential upside for those looking for more modest returns.
Bai Kakaji Polymers is showing a thin GMP of about Rs 3, indicating a largely flat listing. The muted premium suggests limited appetite beyond initial allocations, making it a less attractive option for investors seeking significant gains.
Admach Systems is trading with a marginal GMP of Rs 4, pointing to a subdued debut. The stock reflects the broader cooling trend across smaller SME listings, which have been facing increased scrutiny and caution from investors.
Sundrex Oil has no active GMP at present, signaling negligible listing gains expectations. Lower subscription levels have kept speculative interest in check, making it a less favorable choice for those looking for immediate returns.
EPW India is hovering around a GMP of Rs 2.5, implying very mild upside. The subdued grey market action mirrors the modest demand seen during the issue, reflecting a cautious market sentiment.
Dachepalli Publishers is showing a GMP of about Rs 2, indicating a largely flat-to-marginal debut. Investor focus appears limited amid a crowded listing calendar, with many opting for more promising opportunities.
Overall, while the IPO market remains cautious, select names are poised to deliver significant returns, making it a week to watch closely for investors and market enthusiasts.
