20 IPOs on investors' radar next week. GMPs indicate up to 90% returns
A total of 20 IPOs are on investors’ radar next week, including fresh issues and upcoming listings across the mainboard and SME segments. Symbiotec Pharmalab, Tempsens Instruments, Lumino Industries and Kwick Forensic Solutions command the highest grey market premiums, with implied listing gains ranging from 107% to 56.7%.
Next week, 20 Initial Public Offerings (IPOs) will be on investors' radar, with some offering up to 90% returns, according to Gross Market Price (GMP) projections. Leading the pack are Symbiotec Pharmalab, Lumino Industries, Skyways Air, and Tempsens Instruments, which have already started subscription processes.
The Rs 1,757 crore mainboard IPO, set to open on August 24 and close on August 27, is expected to yield a 41.5% gain, with a GMP of Rs 410 against an issue price of Rs 988. This is the highest projected return among the listed IPOs.
The Rs 650 crore mainboard IPO, opening on August 27 and closing on August 31, boasts the highest GMP at Rs 321, implying a whopping 107% premium over the issue price of Rs 300. The Rs 700 crore mainboard IPO, also opening on August 27 and closing on August 31, has a GMP of Rs 52, suggesting a 63.4% premium over the issue price of Rs 82.
The BSE SME IPO, opening on August 27 and closing on August 31, has a GMP of Rs 51, indicating a potential 56.7% gain over the issue price of Rs 90. The Rs 135.73 crore mainboard IPO, opening on August 24 and closing on August 27, has a GMP of Rs 27, pointing to a 50.9% premium over the issue price of Rs 53.
Other notable IPOs include the Rs 825 crore mainboard IPO, opened on August 21 and closing on August 25, with a GMP of Rs 395, suggesting a 50.1% premium over the issue price of Rs 788. The Rs 1,700 crore IPO, which has already closed and is scheduled to list on August 24, has a GMP of Rs 77, pointing to a 38.3% premium over the issue price of Rs 201.
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