Investors Gear Up for 11 IPOs This Week; GMPs Signal Up to 45% Listing Gains
A packed IPO calendar awaits investors next week, with 11 public issues in focus across mainboard and SME platforms. Of these, six IPOs are scheduled to open for subscription, while five companies are lined up to list, as grey market premiums (GMPs) point to potential listing gains of up to 45% in select names.
Armour Security (NSE SME) is one of the companies opening for subscription on January 14 and closing on January 19, with listing expected on January 22. The IPO is currently commanding a modest GMP of Rs 1, indicating muted listing expectations.
Amagi Media Labs opens on January 13 and closes on January 16, with shares set to list on January 21. The IPO is trading at a GMP of around Rs 37, implying a potential upside of just over 10%.
INDO SMC opens for subscription on January 13 and closes on January 16, with listing scheduled for January 21. Grey market premiums of about Rs 35 suggest strong listing gains of over 20%.
GRE Renew Enertech will open on January 13 and close on January 16, with listing expected on January 21. The IPO is seeing a GMP of Rs 9, pointing to single-digit percentage listing gains.
Narmadesh Brass Industries opens on January 12 and closes on January 15, with listing scheduled for January 20. The IPO is currently trading at a flat GMP, indicating subdued market expectations.
Avana Electrosystems opens on January 12 and closes on January 14, with listing slated for January 19. A GMP of Rs 14 suggests listing gains of over 20%, reflecting strong investor interest.
Defrail Technologies, which opened earlier on January 9, is scheduled to list on January 16. The IPO is trading at a GMP of Rs 6, pointing to modest single-digit upside.
Bharat Coking Coal, already open for subscription, will list on January 16. With a GMP of around Rs 10.4, the IPO is indicating potential listing gains of over 45%, among the highest in the current pipeline.
Yajur Fibres, which closed earlier this week, is expected to list on January 14. Grey market activity has cooled, with GMP currently flat after earlier volatility.
Investors are advised to carefully review the prospectuses and conduct thorough due diligence before making any investment decisions. The IPO market can be volatile, and while some companies may see significant gains, others may underperform. It’s essential to stay informed and consult with financial advisors if necessary.