Analysts said that NSE's rich valuation is justified by its strong leadership position, supported by aliquid marketplace & powerful network effects arising from the country's structural market growth.
Kanohar Electricals shares made a positive debut on the bourses on Wednesday, listing at a premium of nearly 9 per cent.
Hero Motors IPO review: Analysts have assigned a 'Neutral' rating to the Hero Motors IPO despite the company reporting strong profit growth, even as revenue expansion remains modest.
Pranav Constructions IPO GMP: Shares of Pranav Constructions were trading at ₹169 in the unofficial market ahead of stock market debut.
NSE IPO price band: The National Stock Exchange (NSE) has set the price band at ₹1,700-1,785 per share for its much-awaited IPO.
Sensex Today | Stock Market LIVE Updates Thursday: The GIFT Nifty indicated that the Nifty50 may extend losses at open. Asian markets were trading lower
Steamhouse India has set the price band at ₹77-₹81 per share for its IPO.
LCC Projects IPO: LCC's profitability metrics, decent valuations and improving debt profile propel analysts to assign a 'subscribe for long-term' rating to the IPO.
Kanohar Electricals' IPO price band is set at ₹601-632 per share. Investors can apply in lots of 23 shares.
Glass Wall Systems IPO review: Analysts have shared a constructive view on Glass Wall Systems IPO and recommended 'Subscribe'.
The six IPOs opening on September 9 are Rentomojo, Asset Reconstruction Company (India), Manipal Payment & Identity Solutions, Steamhouse India, LCC Projects and Karamtara Engineering.
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.
ESDS Software is expected to outpace Priority Jewels in terms of listing gains even though both offers garnered bids of over 100 times.
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 listing of Symbiotec Pharmalab was well below GMP expectations, which had indicated a listing gain of around 18-19 per cent for IPO investors.
Hy-Tech Engineers IPO GMP is 79 per cent, while Skyways Air and Symbiotec Pharmalab are expected to list at over 20 per cent premium.
Analysts have shared negative views on Purple Style Labs, saying "risk reward remains unfavourable".
Incorporated in 2007, Priority Jewels is involved in the designing, manufacturing and sale of a variety of lightweight, diamond-studded gold and platinum jewellery.
What attracts retail investors to an IPO is primarily the buzz created around the issue on social media, grey markets, and the level of subscription.
Omnitech Engineering, SEDEMAC Mechatronics, and Shadowfax Technologies shares have more than doubled investors' money compared with their IPO issue price.