Next business week, three mainboard IPOs are set to open simultaneously.
Mainboard IPOs are those whose shares will be listed on BSE and NSE.
The companies involved are:
Shringar House of Mangalsutra – a company that manufactures Mangalsutras.
Dev Accelerator – provides office spaces.
Urban Company – an online marketplace for various services.
These IPOs will open on September 10 and remain open until September 12.
The share allotment will happen on September 15, and all three companies will start trading in the domestic stock market on September 17.
Strong Gray Market Interest
Interestingly, all three IPOs are showing strong interest in the gray market, with a premium of up to 23% over the upper price band.
However, market experts emphasize that investment decisions should be based on the companies’ fundamentals and financial health, rather than gray market signals.
The following details provide more information about these three companies and their IPOs.
