Manika Plastech IPO is a book build issue of ₹125.50 crores. The issue is a combination of fresh issue of 2.15 crore shares and offer for sale of 76.74 lakh shares.
NSE IPO price band: The upper end of the IPO price band, ₹1,785, is around 26 per cent lower than the record high of around ₹2,400 and 6 per cent below the current unlisted market price of ₹1,990.
The issue is a combination of fresh issue of 2.66 crore shares aggregating to ₹675 crores and offer for sale of 78.74 lakh shares aggregating to ₹200 crores.
IPO is a book build issue of ₹1,255 crores. Issue is a combination of fresh issue of 37.15 lakh shares aggregating to ₹150 crores and offer for sale of 2.74 crore shares aggregating to ₹1,105 crore.
Market experts are largely selective, with Karamtara Engineering emerging as the strongest consensus pick, while Rentomojo also finds favour for its growth potential.
Prasol Chemicals Ltd.'s IPO has a price band of ₹643-676 per share and a total issue size of ₹500 crore, comprising a fresh issue of ₹80 crore and an offer for sale (OFS) of ₹420 crore.
Among the IPOs this week, Pranav Construction currently has the highest GMP at 35.48 per cent, making it the strongest performer on the unofficial grey market. The issue opened on September 7.
Pranav Constructions IPO: Analysts have assigned a 'subscribe' tag to the offer based on its scalable business model, strong brand positioning, and high entry barriers in redevelopment.
Purple Style shares listed at ₹539 on the BSE, a discount of 6.26 per cent against the offer price of ₹575. Meanwhile, on the National Stock Exchange, it debuted at ₹535, down 6.96 per cent.
Priority Jewels shares listed at ₹225 on the BSE, a premium of 12.60 per cent against the offer price of ₹200. Meanwhile, on the National Stock Exchange, it debuted at ₹230, up 15 per cent.
Lumino Industries shares listed at ₹109 on the BSE, a premium of 32.93 per cent against the offer price of ₹82. Meanwhile, on the National Stock Exchange, it debuted at ₹110, up 34.15 per cent.