Crizac, Cryogenic OGS, Travel Food Services IPO GMPs surge up to 46% - check key details

Crizac, Cryogenic OGS, Travel Food Services IPO GMPs surge.

Shares of Crizac, Cryogenic OGS and Travel Food Services are witnessing strong investor interest in the grey market, with premiums rising as high as 47 percent, according to data from IPO tracking platforms.

Crizac, an education services company based in Kolkata, is commanding a grey market premium (GMP) of Rs 27.5, indicating a listing gain of 11.22 percent. The Rs 860-crore IPO was subscribed 2.75 times by July 3, the second day of bidding. The issue received bids for 7.09 crore shares against the offer size of 2.58 crore shares, as per data on the NSE.

Meanwhile, Gujarat-based Cryogenic OGS, which makes fluid control equipment, is seeing one of the highest GMPs in the market at nearly 47 percent. The strong premium reflects heightened investor interest and positive sentiment around the company's growth prospects.

Its IPO, which opened on July 3 and closes on July 7, was subscribed 22.97 times on the first day. A total of 6.21 crore equity shares were bid for, compared to the offer size of 27.06 lakh shares, through 8,493 applications.

Mumbai-headquartered Travel Food Services, which runs quick service restaurants and lounges at airports, is set to launch its Rs 2,000-crore IPO on July 7. The issue will close on July 9. The company's shares are currently quoting a grey market premium of 8 per cent.

GMPs, though unofficial and unregulated, are often considered an indicator of demand and sentiment in the run-up to IPO listings.

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