Crizac, Cryogenic OGS, Travel Food Services IPO GMPs surge up to 55% - check key details

Crizac, Cryogenic OGS, Travel Food Services IPO GMPs surge on July 4.

The initial public offering (IPO) of Gujarat-based fluid control equipment manufacturer Cryogenic OGS continued to witness strong investor demand on the second day of bidding, with the issue subscribed 54 times. The IPO will close on July 7.

Strong interest was also visible in the grey market. According to platforms tracking unregulated market trends, the grey market premium (GMP) for Cryogenic OGS stood at around Rs 26, indicating a potential listing gain of approximately 55.32 percent.

The significant GMP suggests strong demand, with investors willing to pay a substantial premium over the issue price.

The Rs 860-crore IPO of Kolkata-based education services company Crizac drew robust response on its final day of bidding. As of 4 PM on July 4, the issue was subscribed 60 times.

Crizac's shares were quoting a GMP of 14 percent in the unofficial market, reflecting steady interest from retail and institutional segments.

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Meanwhile, Travel Food Services, which operates quick-service restaurants and lounge facilities at airports in India and Malaysia, has fixed a price band of Rs 1,045 to Rs 1,100 per share for its Rs 2,000-crore IPO.

The public issue will open on July 7 and close on July 9. Allocation to anchor investors will take place on July 4, the company said.

Shares of Travel Food Services were commanding a GMP of 8 percent ahead of the offer opening.

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