The IPOs of Sahasra Electronics Solutions and Diffusion Engineers have recorded GMP (Grey Market Premium) that indicated listing gains of more than 67% and 47% respectively on September 26, the day when the bidding process begins. The GMP of Divyadhan Recycling Industries, however, was nil.
Sahasra Electronics Solutions IPO
The IPO targets to raise Rs 186.16 crore. An equity share of Sahasra Electronics Solutions has been priced at Rs 269-283. The minimum lot for a retail investor comprises 400 shares entailing an investment of Rs 113,200.
Bidding for the Sahasra Electronics Solutions IPO ends on September 30. The allotment of shares will be decided on October 1, while the shares will be listed on October 4, 2024.
Sahasra Electronics Solutions GMP
Investors gradually became more and more bullish about this issue, raising the GMP from Rs 43 on September 20, to Rs 100 on September 21, to Rs 180 on September 23 and finally to Rs 190 on September 26. It indicates a listing gain of more than 67%, according to investorgain.
Diffusion Engineers IPO
The Diffusion Engineers IPO will mop up Rs 158 crore through fresh issue of shares. Each share has been priced between Rs 159 and Rs 168. For a retail investor the minimum investable lot contains 88 shares with an investment of Rs 14,784.
The last date of bidding for shares of Diffusion Engineers is September 30 and allotment is expected to be done on October 1. The listing will take place on both BSE and NSE on October 4.
Diffusion Engineers GMP
According to investorgain, the GMP of Diffusion Engineers has shown an upward trend over the past few days. It stood at Rs 50 on September 23, Rs 77 of September 24, Rs 80 on September 25 and 26, indicating a listing gain of more than 47%.
Divyadhan Industries IPO
The target of Divyadhan Industries is to raise Rs 24.17 crore. Bidding would close on September 30. Allotment would be done on October 1 and listing on NSE SME segment on October 4.
A share of Divyadhan Recycling share has been priced at Rs 60-64 and the minimum lot size has 2,000 shares. It requires an investment of Rs 1.28 lakh.
Divyadhan Recycling Industries GMP
According to investorgain, the GMP of this IPO stood at zero. Hwoever, GMP is an unofficial estimate and can change with time.
The IPOs to open on Thursday, September 26 include Sahasra Electronics Solutions, Divyadhan Recycling Industries and Diffusion Engineers. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
