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News Topical, Digital Desk : If you are looking for investment opportunities in the IPO market, then this week can prove to be very busy and exciting for you. A total of six companies are bringing their IPOs this week, including one mainboard and 5 SME issues.
These companies are related to different sectors, such as airport food service, nutrition supplements, power solutions, packaging and pharma sector. Let us know which IPOs are attracting the attention of investors this week, what is their grey market premium (GMP) and when is the listing going to happen.
Mainboard IPO of Travel Food Services
The Mumbai-based Travel Food Services company operates quick-service restaurants and lounges at several airports in India and Malaysia. The company's mainboard IPO is opening on July 7 and the issue will close on July 9.
Under this offer, the company is going to sell 1.82 crore shares, the price of which has been fixed at Rs 1,045 to Rs 1,100 per share. Investors will have to apply for a minimum of 13 shares. The company's shares will be listed on both NSE and BSE on July 14.
Kotak Mahindra Capital, ICICI Securities, HSBC Securities and Batlivala & Karani Securities are the book running lead managers for the issue. The GMP of the issue in the grey market is currently Rs 71, which could lead to the listing price going up to Rs 1,171, i.e. about 6.45 per cent higher than the upper price band. However, the final listing price will depend on market fluctuations.
5 companies enter the SME market
This week, five companies in the SME segment are ready to attract the attention of investors.
GLEN Industries , which makes thin-wall containers and biodegradable straws for the hotel and food packaging sector, will launch its IPO on July 8. The company is looking to raise Rs 63.02 crore through the issue and the price per share has been fixed at Rs 92 to Rs 97. Investors will have to apply for a minimum of 4,800 shares. According to GMP, its shares are trading at a premium of Rs 25, which could take the potential listing price to around Rs 122.
Chemkart India 's issue will be open from July 7 to July 9. This company manufactures nutritional supplements and is raising around Rs 80.08 crore, out of which Rs 64.48 crore is a fresh issue and Rs 15.60 crore is an offer for sale. The price per share has been kept at Rs 236 to Rs 248 and a minimum application of 2,400 shares is mandatory. Currently its GMP is zero i.e. this issue is trading without premium in the grey market, due to which its possible listing can be around Rs 248.
Smarten Power Systems is also opening its issue between July 7 and July 9. This company is raising funds of Rs 50.01 crore, which includes a fresh issue of Rs 40.01 crore and an offer for sale of Rs 10 crore. The price per share has been fixed at Rs 100 and a minimum application of 2,400 shares is required. The company's GMP is currently flat and the listing price is also believed to be around Rs 100.
The issue of CFF Fluid Control will be open from July 9 to July 11. The company has fixed the price per share at Rs 585 and the size of this issue is Rs 87.75 crore. Investors will have to apply for at least 400 shares. At present, the GMP of this issue is zero and the possible listing price is also believed to be around Rs 585.
Asston Pharmaceuticals is also coming up with an IPO this week. Its issue will be open from July 9 to July 11. This pharma company plans to raise Rs 27.41 crore. The price per share has been fixed at Rs 115 to Rs 123 and it is mandatory to apply for at least 2,000 shares. The company's shares are currently trading at a premium of Rs 10, which could lead to a potential listing of up to Rs 133, i.e. about 8.13 percent higher than the upper price band.
Keep an eye on the listing schedule too
Apart from these new IPOs, many companies are also going to be listed in the stock market this week. Pushpa Jewellers, Silky Overseas, Vandan Foods, Cedaar Textile and Marc Loire will be listed on July 7. After this, the listing of Crizac IPO will be on July 9, Cryogenic OGS and White Force will be listed on July 10 and Meta Infotech will be listed on July 11.
Caution is necessary before investing
Before investing in an IPO, one must understand the financial condition of the company, the prospects of the sector and the grey market movement. GMP is just an indication, but the final listing price depends on the market movement. Therefore, it would not be right to apply in any issue without research. If you see potential in these companies, then this week can prove to be a great opportunity for you to earn.
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