The IPO market is buzzing with activity this week, presenting fresh
opportunities for investors and stock market strategists alike. Six new
public offerings have hit the primary market. As of June 26, HDB
Financial Services, Sambhv Steel Tubes, and Indogulf Cropsciences
have reached full subscription—signaling strong investor interest and
momentum.
The IPOs of Sambhv Steel Tubes, HDB Financial Services, and Indogulf
Cropsciences are not comparable. One company focuses on agricultural
inputs, another on financial services, and the third is involved in steel
manufacturing. Therefore, it’s not entirely accurate to compare them directly.
Although, If one were to choose between the three, the top preference would
be the Sambhv Steel Tubes IPO, followed by the HDB Financial Services IPO,
with the Indogulf Cropsciences IPO coming in last.
Let's take a look at the grey market premium trends:
Sambhv Steel Tubes IPO GMP today is +12. This indicates Sambhv Steel
Tubes share price was trading at a premium of ₹12 in the grey market,
Considering the upper end of the IPO price band and the current premium in
the grey market, the estimated listing price of Sambhv Steel Tubes share
price is indicated at ₹94 apiece, which is 14.63% higher than the IPO price
of ₹82.
According to the activities in the grey market over the past 15 sessions,
today's IPO GMP is trending upwards and is anticipated to have a robust
listing. The minimum GMP observed is ₹0.00, while the maximum GMP
stands at ₹12.00, as per the insights from investorgain.com experts.
HDB Financial Services IPO GMP today is +63. This indicates HDB
Financial Services share price was trading at a premium of ₹63 in the grey
market, according to investorgain.com.
Considering the upper end of the IPO price band and the current premium in
the grey market, the estimated listing price of HDB Financial Services share
price is indicated at ₹803 apiece, which is 8.51% higher than the IPO price
of ₹740.
According to the recent 15 sessions of grey market activities, the IPO GMP is
currently trending upward, indicating a potentially strong listing. The minimum
GMP recorded is ₹0.00, whereas the maximum GMP reaches ₹104.50, as
per experts from investorgain.com.
Indogulf Cropsciences IPO GMP today is +9. This indicates Indogulf
Cropsciences share price were trading at a premium of ₹in the grey market on
Wednesday.
Considering the upper end of the IPO price band and the current premium in
the grey market, the estimated listing price of Indogulf Cropsciences share
price was indicated at ₹120 apiece, which is 8.11% higher than the IPO price
of ₹111.
Following the analysis of grey market trends over the past six sessions,
today's IPO GMP shows an upward trend and is anticipated to list strongly.
The minimum GMP recorded is ₹0.00, and the maximum GMP is ₹11,
according to experts from investorgain.com.
'Grey market premium' indicates investors' readiness to pay more than the
issue price.