Six new initial public offerings are set to open for investors in the next trading week, including two mainboard issues and four SME issues. Anavil Wire & Engineering currently has the highest grey market premium (GMP) among the upcoming IPOs at ₹90.
The six IPOs will open between August 3 and August 7. The companies have announced their respective opening and closing dates, while price bands for some of the issues are yet to be disclosed.
RD Industries and Technocraft Ventures will launch IPOs in the mainboard segment, while Anavil Wire & Engineering, Aegis Technologies, LAPL Automotive and Optimistics Entertainment India will issue shares through the SME platform. The issues will open and close on different dates.
Anavil Wire & Engineering IPO to open on August 3
Anavil Wire & Engineering's IPO will open on August 3 and close on August 5. The company has set a price band of ₹257 to ₹270 per share, with a minimum application size of one lot comprising 400 shares.
The IPO is currently commanding a GMP of around ₹90 in the grey market, the highest among the six upcoming issues. Grey market premiums, however, fluctuate continuously and are not considered a guarantee of listing performance.
Aegis Technologies and RD Industries announce issue terms
Aegis Technologies' SME IPO will open on August 4 and close on August 6. The company has set a price band of ₹100 to ₹105 per share, with 1,200 shares in one lot. Its GMP is currently reported at zero.
RD Industries' mainboard IPO will remain open for investors from August 5 to August 7. The company has fixed a price band of ₹50 to ₹53 per share, with a lot size of 281 shares. The issue's GMP is reported at around ₹7, indicating a limited listing premium.
LAPL Automotive IPO to open on August 6
LAPL Automotive's IPO will open on August 6 and remain available for subscription until August 10. The price band has been fixed at ₹88 to ₹94 per share, with 1,200 shares in one lot. The issue's GMP is currently reported at around ₹22.
Optimistics Entertainment India and Technocraft Ventures IPOs to open on August 7
Optimistics Entertainment India and Technocraft Ventures will open their IPOs on August 7. Both issues will close on August 11.
The companies have not yet announced their price bands or lot sizes. According to the available information, the GMP for both IPOs is currently zero.
GMP remains subject to change before listing
Investment decisions in IPOs are not considered appropriate when based solely on GMP. Investors should also examine a company's financial position, business model, valuation, risks, future growth prospects and the proposed use of proceeds raised through the issue.
Grey market premium reflects prevailing market sentiment and can change at any time before listing. Investors should review all official documents and risk factors before investing in an IPO.
