GSP Crop Science shares kicked off their maiden trading session on the BSE at ₹332.30 per share, reflecting a premium of ₹12.30 or 3.84 per cent over its IPO issue price of ₹320 per share.
Brokerages remain divided on the investment case for Amir Chand Jagdish Kumar (Exports), with some recommending subscription on the back of growth prospects, while others flag valuation and governance
Analysts at SBI Securities, and Ashika Institutional Equities have recommended subscribing to the issue for the long term, while those at Swastika Investmart have assigned an 'Avoid' rating
SBI Securities recommends investors to 'Subscribe' to the issue for the long term, while Swastika advised investors to apply with caution, recommending the issue only for risk-tolerant
Ahead of its IPO, CMPDI raised ₹470 crore from anchor investors, allotting 27.3 million shares at ₹163-₹172 each on March 19.
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
Amir Chand Jagdsh Kumar has set the price band for its IPO in the range of ₹201 to ₹212 per share
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.
Sai Parenteral's IPO comprises a fresh issue of ₹285 crore and an offer for sale (OFS) of 3.2 million equity shares
NSE, whose IPO is yet to open, saw its unlisted shares fall 3.47 per cent to ₹1,945, while BSE shares, already listed, rose 5.64 per cent to ₹2,860
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
Central Mine Planning has set the price band for its maiden public issue in the range of ₹163 to ₹172 per share, with a lot size of 80 shares
GSP Crop Science has set the price band for the issue in the range of ₹304 to ₹320 per share, with a lot size of 46 shares
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
Two mainboard public issues, GSP Crop Science and Central Mine Planning & Design Institute, scheduled to open for subscription next week
Innovision has revised the price band to ₹494-519 per share from the earlier ₹521-548 per share