GSP Crop Science set to debut on the bourses on Tuesday, March 24, while Central Mine Planning & Design Institute's IPO will close for bidding on the same day
The unlisted shares of Central Mine Planning were trading almost flat at ₹175, up ₹3 or 1.7 per cent compared to the issue price of ₹172 per share, according to sources tracking unofficial markets
Powerica aims to raise ₹1,100 crore through a combination of fresh issue of 17.7 million shares worth up to ₹700 crore and an OFS of 10.1 million shares worth up to ₹400 crore
The unlisted shares of Central Mine Planning were trading at ₹183 in the grey market, commanding a premium of ₹11 or 6.4 per cent from the upper end price of ₹172
Sai Parenteral's ₹409 crore IPO comprises a fresh issue of 7.3 million shares worth up to ₹285 crore and an OFS of 3.2 million shares worth up to ₹124 crore
Personally, as an experienced investor, I would allocate more to mid, small-caps; if India grows faster than the world, these companies should grow faster too, said Kailash Kulkarni, CEO, HSBC MF.
Despite the potential to overtake HMIL's IPO in size, the fees paid to investment bankers are likely to be lower than the record ₹493 crore - about 1.77% of the issue size - in the automaker's listing
New free-float norms may unlock mega IPOs like Reliance Jio and NSE, even as market volatility tests airline stocks and complicates listing plans for firms such as PhonePe
