After a mixed week for stock debuts on the bourses, shares of three companies are set to get listed in the coming week.
The week will kick off with HP Adhesives listing on December 27, followed by Supriya Lifescience on December 27. Finally, cash management firm CMS Info Systems will close out the busy year for IPOs on December 31.
In the week gone by, Shriram Properties saw a disappointing debut, as it listed with a discount of 20 percent. But, MedPlus Health Services and Data Patterns saw stellar debuts at 30 percent premium and 47 percent premium.
Will we see disappointing or impressive debuts in the last week of the year?
Here’s all you need to know about the issues:
IPO dates: December 15-17
IPO size: Rs 126 crore
Fresh issue: Rs 113 crore
Offer-for-sale: 4,57,200 equity shares
Price band: Rs 262-272 per share
Subscription: 20.96 times
GMP*: Rs 80 per share
Listing date: December 27
Adhesives and sealants company HP Adhesives saw a strong response to its IPO, which was subscribed 21 times, attracting bids for 5.29 crore equity shares against an issue size of 25.28 lakh shares.
Retail investors bid 81 times the reserved portion, and non-institutional investors’ portion was subscribed 19 times, whereas qualified institutional investors bid for 1.82 times.
While brokerage Capital Market remained ‘neutral’ on the issue, Marwadi Shares recommended to ‘subscribe’ and Choice Broking suggested to ‘subscribe with caution’. However, Religare Broking recommended investors to ‘subscribe with a long-term view’.
Shares of HP Adhesives were trading at a premium of Rs 80 in the grey market, as per data from IPO Watch, nearly 30 percent higher than the issue price.
IPO dates: December 16-20
IPO size: Rs 700 crore
Fresh issue: Rs 200 crore
Offer-for-sale: Rs 500 crore
Price band: Rs 265-274 per share
Subscription: 72 times
GMP*: Rs 140 per share
Listing date: December 28
The active pharmaceutical ingredients manufacturer Supriya Lifescience saw an even more impressive response as it was subscribed 71.51 times, receiving bids for 103.89 crore equity shares against the IPO size of 1.45 crore equity shares.
Retail investors bid for 56.01 times their reserved portion, while non-institutional investors’ portion was booked 161.22 times, and qualified institutional investors’ 31.83 times.
The Rs 700-crore IPO consisted of Rs 200-crore fresh issue and a Rs 500-crore offer-for-sale. Proceeds from the fresh issue will be used for working capital requirements and repaying debt.
Shares of the company were trading at a premium of Rs 140 in the grey market, as per data from IPO Watch, more than 51 percent higher than the issue price.
Geojit Financial Services, Nirmal Bang, Marwadi Shares, Angel One, Choice Broking and BP Wealth had a ‘subscribe’ rating on the issue.
CMS Info Systems
IPO dates: December 21-23
IPO size: Rs 1,100 crore (OFS)
Price band: Rs 205-216 per share
Subscription: 1.95 times
GMP*: Rs 5 per share
Basis of allotment: December 28
Listing date: December 31
The largest cash management company in the country and among the biggest worldwide, based on the number of ATM points, saw a decent response to its initial public offering, which was subscribed 1.95 times.
The offer received bids for 7.32 crore equity shares against an IPO size of 3.75 crore equity shares. Retail investors put in bids 2.15 times the allotted quota, while non-institutional investors and qualified institutional buyers bid 1.45 times and 1.98 times their reserved portion, respectively.
While Angel One had a ‘neutral’ rating on the issue, Anand Rathi, GEPL Capital and Choice Broking had recommended ‘subscribe’ and KR Choksey has advised to ‘subscribe for listing gains’.
However, its shares were trading at a premium of only Rs 5 in the grey market, as per data from IPO Watch, only 2 percent higher than the issue price.
The company will finalise the basis of allotment on December 28, after which unsuccessful bidders will get refunds on December 29 and successful investors will get shares in their demat accounts on December 30.