The unlisted shares of Mangal Electrical were trading almost flat in the grey market, ahead of the firm's stock market debut which is scheduled for tomorrow (August 27).
The latest grey market trends for Vikran Engineering and Anlon Healthcare meanwhile indicate decent listings for the two companies whose respective maiden public issues will remain open for subscription till August 29.
Mangal Electrical IPO GMP:
Ahead of listing, the unlisted shares of Mangal Electrical were trading with a grey market premium (GMP) of around 0.53 percent over the IPO price at Rs 564 apiece, according to data on Investorgain. The GMP has significantly fallen from the 6 percent quoted by the site when the IPO was open for subscription between August 20 and August 22.
As per IPO Watch, the unlisted shares of the transformer components-maker were trading with 0.71 percent GMP over the IPO price at Rs 565 apiece.
The maiden public issue of the company was subscribed nearly 9.5 times at a price band of Rs 533-561 per share during its three days of public bidding. Mangal Electrical had launched its IPO to raise Rs 400 crore through an entirely fresh issue of shares at a price band of Rs 533-561 per share. The shares are set to debut on stock markets on August 28.
Vikran Engineering IPO GMP:
The unlisted shares of Vikran Engineering were trading with around 13.4 percent GMP over the IPO price at Rs 110 apiece, according to data on Investorgain. The GMP quoted by the site has fallen from the around 22 percent cited a day before the IPO opened for public subscription.
As per IPO Watch, the unlisted shares of the company were trading with 14.43 percent GMP over the IPO price.
The Rs 772-crore maiden public issue of the Mumbai-based infrastructure EPC company got subscribed nearly 2 times its offer size on its first day of public bidding on August 26. The IPO will remain open for subscription till August 29 at a price band of Rs 92-97 per share.
Anlon Healthcare IPO GMP:
The unlisted shares of Anlon Healthcare were trading with nearly 5.5 percent GMP over the IPO price at Rs 96 apiece, according to data on Investorgain. As per IPO Watch, the unlisted shares were trading with 6.59 percent GMP over the IPO price in the grey market.
The Rs 121-crore maiden public issue of Anlon Healthcare opened for public bidding on August 26, being subscribed nearly 1.7 times its offer size on Day 1. Anlon Healthcare, that produces pharmaceutical intermediates and active pharmaceutical ingredients (APIs), moved to the capital markets to raise over Rs 121 crore through a fresh issue of 1.33 crore shares at a price band of Rs 86-91 per share.
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