Prasol Chemicals shares listed 9.62 per cent lower at ₹611 on BSE and 9.76 per cent lower at ₹610 on NSE.
Kanohar Electricals IPO commanded a 36 per cent GMP and led against Glass Wall Systems and Prasol Chemicals.
The IPO is proposed to list on September 24 and the issue's price band is set between ₹1,700-₹1,785 per share
Pranav Constructions shares listed 30 per cent higher at ₹162 on BSE and 33 per cent higher at ₹165 on NSE.
Pranav Constructions IPO GMP: Shares of Pranav Constructions were trading at ₹169 in the unofficial market ahead of stock market debut.
Veegaland Developers IPO is a book build issue of ₹210 crores. The issue is entirely a fresh issue of 1.50 crore shares.
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.
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.
Ray of Belief shares listed at ₹239 on both BSE and NSE. Ahead of the debut, Ray of Belief IPO's GMP was indicating 6 per cent listing gains.
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.
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.
ESDS Software is expected to outpace Priority Jewels in terms of listing gains even though both offers garnered bids of over 100 times.
Annu Projects shares listed at ₹75 on the BSE, a discount of 24.24 per cent against the offer price of ₹99. Meanwhile, on the National Stock Exchange (NSE), it debuted at ₹72, down 27.27 per cent.
Deepa Jewellers IPO also commands a healthy grey market premium (GMP), increasing its appeal for investors. That said, certain risks like weak margins and customer concentration linger.
The issue is entirely a fresh issue of 52.30 lakh shares of ₹125 crore. Rays of Belief IPO is set issue price band at ₹227 to ₹239 per share. The lot size for an application is 62 shares.
Hy-Tech Engineers shares listed at ₹72 on the BSE, a premium of 35.85 per cent against the offer price of ₹53. Meanwhile, on the National Stock Exchange, it debuted at ₹75, up 41.51 per cent.
Tempsens Instruments shares listed at ₹634 on the NSE, a premium of 111.33 per cent against the offer price of ₹300.
Tempsens Instruments' IPO garnered bids for 279.44 crore shares as against 1.51 crore shares on offer, resulting in a subscription of 184.07 times.