Upcoming IPOs: Monarch Surveyors, Indiqube, Savy Infra GMPs surge to 60% ahead of share sale next week

Monarch Surveyors, Indiqube, Savy Infra IPO GMPs surge. 

The primary market is set for a busy week starting July 21, with initial public offerings (IPOs) of Monarch Surveyors, Indiqube Spaces, and Savy Infra & Logistics scheduled to open for subscription next week.

Ahead of their launches, all three issues are witnessing notable interest in the grey market, with healthy premiums.

Pune-based Monarch Surveyors and Engineering Consultants, which offers consultancy services for infrastructure projects, will open its Rs 94-crore SME IPO on July 22. The offer, entirely a fresh issue of 37.5 lakh equity shares, is priced in the range of Rs 237–250 per share. The anchor book will open on July 21, while the public issue will close on July 24.

The allotment of shares is likely to be finalised on July 25, and trading on BSE SME is expected to commence from July 29.

Infra consultancy provider Monarch Surveyors IPO to open on July 22

According to Investorgain, Monarch Surveyors shares are quoting a grey market premium (GMP) of around Rs 150, reflecting a 60 percent premium over the upper end of the price band.

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Indiqube Spaces Ltd will open its IPO for subscription on July 23, with the offer set to close on July 25. The anchor portion will be launched on July 22. The company has fixed a price band of Rs 225–237 per share.

The allotment of shares is expected to be completed by July 28, with listing on stock exchanges scheduled for July 30. The company's shares are commanding a GMP of Rs 40 in the unofficial market, indicating a premium of nearly 17 percent.

Indiqube Spaces sets price band of Rs225-237 a share for IPO

Mumbai-based Savy Infra & Logistics will also hit the market with its Rs 70-crore SME IPO, opening on July 21 and closing on July 23. The anchor book will open on July 18.

The company's shares are currently quoting a GMP of about 9 percent in the grey market.

Savy Infra & Logistics to launch IPO next week: Check its date, size, price band

The steady rise in grey market premiums reflects strong investor sentiment and heightened interest ahead of the IPO launches.

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