Prostarm Info and Aegis Vopak Terminals IPO updates: Check out the latest GMP trends

Prostarm Info IPO vs Aegis Vopak Terminals IPO: Check out the latest GMP trends

The primary market is abuzz with four mainboard IPOs open for public subscription. Among them, the maiden issue of Aegis Vopak Terminals is set to close today, while Prostarm Info Systems is hopeful of strong subscription on its second day of bidding on May 28.

Here are the latest trends from the gray market premium for the two mainboard IPOs:

Prostarm Info Systems GMP

The Rs 168 crore IPO of Prostarm Info Systems has been subscribed over 7 times its offer size on its second day of public bidding so far. The inverter maker’s IPO entirely comprises a fresh issue of 1.6 crore equity shares at a price band of Rs 95-105 per share and the issue will remain open to investors between May 27-29. Interested investors can apply for a minimum of 142 shares for an iinvestment of Rs 14,910, and in multiples thereafter.

According to Investorgain, the unlisted shares of the company are trading with a grey market premium of over 18 percent at Rs 124 apiece, which is Rs 19 higher than the IPO price of Rs 105 per share. This implies that investors could make a profit of Rs 2,698 for every lot of 142 shares they apply for by investing Rs 14,910, though the premium could vary from the actual listing price.

The GMP cited by the site has already fallen significantly from a 23.81 percent (Rs 25) gain being quoted on May 27.

According to IPO Watch, the unlisted shares of the company were trading with Rs 27 GMP at Rs 132 apiece, implying a profit of Rs 3,834 per lot.

Aegis Vopak Terminals IPO GMP

The Rs 2,800 crore IPO of Aegis Vopak Terminals has been subscribed 41 percent so far on its Day three of public bidding. The IPO entirely comprises a fresh issue of equity shares and has a price of Rs 223-235 per share.

Investors can apply for a minimum of 63 shares, with an investment of Rs 14,805, and in multiples thereafter.

According to Investorgain, the unlisted shares of the company are trading with a grey market premium of 0.43 percent at Rs 236 apiece, nearly flat compared to the IPO price of Rs 235 per share.

The grey market premium cited by Investorgain for Aegis Vopak Terminals has significantly fallen from 6.38 percent (Rs 15 per share) cited on May 24.

According to IPO Watch, the unlisted shares of the company were trading with Rs 7 GMP at Rs 242 apiece. This implies that investors will make a profit of Rs 441 per lot.

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Check out the latest GMP for all the four mainboard IPOs which are currently open for subscription:

(As per data on Investorgain at 1.30 pm)