IPO: 3 companies to list next week, one expected to offer 47% returns, read GMP's indications

News Topical, Digital Desk : Next week, the IPO market will continue to be active. While no major companies will open their issues, three SME issuers will be launching to raise funds. Meanwhile, three companies are set to list. Two will be listed on the main platform, while one will be listed on the SME platform. Based on gray market signals, all three companies could generate significant returns for their investors upon listing. One of these companies is generating significant interest, with returns of up to 47% expected.

What are the gray market signals? Sudeep Pharma, Excelsoft Technologies, and Gallard Steel will list next week. Of these, Gallard Steel will be listed on the SME platform. Meanwhile, Sudeep Pharma's ₹895 crore issue is currently open, and applications can be submitted until November 25th. Listing is expected to take place on Friday, November 28th. According to information on InvestorGain, the stock is currently commanding a gray market premium of ₹115. Based on the issue price, a listing premium of over 19% is expected. Excelsoft Technologies' ₹500 crore issue recently closed, and the stock is expected to be listed on November 26th. The basis for stock allotment is expected to be finalized by November 24th. According to InvestorGain, a gray market premium of ₹8 is being offered. Based on the issue price, the stock is expected to list at a premium of approximately 7%. Gallard Steel, a company lined up for listing on the BSE SME, has received a strong response from investors. The Madhya Pradesh-based company's issue was subscribed 350 times. The company is raising ₹37.5 crore from the market. Currently, the gray market is commanding a premium of ₹70. This means the stock could be listed at a premium of approximately 47%. This is also its highest gray market premium to date. 

Keep in mind that gray market signals are not definitive. They fluctuate rapidly. Looking at the data, there are many issues where the listing direction has been contrary to gray market signals. Market experts use gray market signals to gauge issue sentiment, but focus on the company's own performance and the issue price for final decisions.

Read More: IPO: 3 companies to list next week, one expected to offer 47% returns, read GMP's indications