IPO investors have plenty of options today as six SME companies have opened their public issues for subscription. These IPOs belong to different sectors, including engineering, plastics, logistics, mobile retail,
and technology. Before investing, it is important to check not only the price band and lot size but also the gray market premium (GMP), which gives an idea about market sentiment.
Here’s a quick look at all six SME IPOs that opened today.
Teja Engineering Industries IPO
The IPO size of Teja Engineering Industries is ₹37.36 crore. The company plans to issue 17 lakh fresh shares through this public issue.
The IPO price has been fixed at ₹220 per share, and the lot size is 600 shares. This means investors will need to invest at least ₹2.64 lakh.
Currently, the IPO is trading at a gray market premium (GMP) of ₹0, indicating neutral market sentiment.
Atharva Polyplast IPO
Atharva Polyplast is launching a ₹27 crore IPO through the issue of 45 lakh fresh shares.
The company has fixed the price band at ₹55 to ₹60 per share. Investors will have to apply for a minimum lot of 2,000 shares. According to Investors Gain, the IPO is currently trading at a GMP of ₹8 in the gray market.
Seemax Resources IPO
Seemax Resources has launched an IPO worth ₹19.74 crore by issuing 14 lakh fresh shares.
The company has set the price band at ₹134 to ₹141 per share. At present, the IPO is trading at a gray market premium of ₹0, suggesting limited demand in the unofficial market.
Sampark India Logistics IPO
Sampark India Logistics has launched a ₹27.22 crore IPO, which consists entirely of fresh shares.
The price band has been fixed at ₹80 to ₹84 per share. The lot size is 1,600 shares, while investors will have to bid for at least 3,200 shares. The IPO is currently trading at a GMP of ₹0 in the gray market.
Vinit Mobile IPO Leads the GMP Race
Among all six IPOs, Vinit Mobile is attracting the most attention in the gray market.
The company is launching a ₹34.13 crore IPO with a price band of ₹150 to ₹158 per share. The lot size has been fixed at 800 shares,
and investors must apply for at least 1,600 shares. According to Investors Gain, the IPO is trading at a GMP of ₹30, the highest among today’s SME IPOs.
Critical Tech IPO
Critical Tech has launched an IPO worth ₹39.69 crore.
The company has fixed the price band at ₹128 to ₹135 per share. Retail investors will need to place a minimum bid for 2,000 shares. The gray market premium for this IPO has not shown any major movement so far.
Which IPO Is Performing Better in the Gray Market?
Based on current gray market trends, Vinit Mobile IPO appears to be the strongest performer with a GMP of ₹30. Atharva Polyplast follows with a GMP of ₹8, while the remaining IPOs are currently trading at a premium of ₹0.
