Shringar House of Mangalsutra and Dev Accelerator will open their initial public offerings (IPOs) for subscription on September 10, with anchor allotments to be finalised on Tuesday.
According to market observers, shares of Shringar House of Mangalsutra are quoting a grey market premium (GMP) of Rs 25, pointing to a potential listing gain of 15.15 percent.
The jewellery company has fixed a price band of Rs 155-165 per share for its Rs 401-crore public issue, which will close on September 12. Proceeds from the fresh issue will be used to meet working capital requirements and for general corporate purposes.
Dev Accelerator shares are trading at a premium of Rs 7.5 in the unofficial market, implying a listing gain of 12.3 percent.
The flexible office space provider has set a price band of Rs 56-61 per share for its Rs 143-crore issue. At the upper end, the company’s valuation is pegged at Rs 550 crore. The IPO will remain open from September 10 to 12.
Shares of both companies are expected to be listed on September 17, with allotments likely by September 15.
Alongside these two, Urban Company’s Rs 1,900-crore IPO will also open on September 10 and close on September 12. The price band has been fixed at Rs 98-103 per share.
According to platforms tracking the grey market activities, the shares of Urban Company are commanding a GMP of nearly 35 percent in the unofficial market. Investorgain quoted a GMP of Rs 35 for the shares of the company, indicating a listing gain of 33.98 percent.
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