IPO next week: 3 listings and 5 IPOs
Let’s Start The List…
1. Medplus Health Services
The issue of Medplus Health, the country’s second-largest pharma retailer, is opening on December 13.
The price band for this IPO of Rs 1,398 crore has been fixed at Rs 780–796. Bidding can be done on this till December 15.
In this, a fresh issue of Rs 600 crore and shares worth Rs 798.29 crore will be sold in the offer for sale.
It's one lot is of 18 shares. Its premium is running at Rs 300 in the gray market, which is 38 percent higher than its issue price.
Its listing can be done on 23 December.
2. Tega Industries
The listing of the IPO of Tega Industries, the world’s second-largest manufacturer of polymer-based mill liners, may take place on December 13.
The company’s IPO was open from December 1 to 3. Its price band was Rs 443–453. Its issue size was Rs 619 crore.
It has got 219 times subscription. It received 215.5 times the bids in the QIB category, which is the highest in the last decade.
Its gray market premium is running at Rs 300.
3. Mapmyindia
The IPO of CE Info Systems, the parent company of MapmyIndia, a digital mapping company, opened on 9 December.
For this, a price range of Rs 1,000–1,033 per share has been fixed. The size of the company’s IPO is Rs 1,040 crore and bidding can be done till December 13.
By the second day, it had received 6.16 times the bids. Its gray market premium is running at Rs 900. Its listing can be done on 22 December.
4. Anand Rathi Wealth
The listing of the IPO of Anand Rathi Wealth can be done on December 14.
The subscription to the Rs 660 crore issue opened on December 2 and closed on December 6.
The price range for this was fixed at Rs 530 to Rs 550 per share. Its IPO got 9.78 times a subscription.
Its premium is running at Rs 60 in the gray market. Shares can come in the account of successful investors on December 13.
5. Metro Brands
The IPO of Metro Brands, which was invested by veteran investor Rakesh Jhunjhunwala, was open on December 10 and bidding can be done till December 14.
Its size is Rs 1,367 crore. Its price band is Rs 485–500. Through the IPO, the promoters of the company will sell about 10 percent of their stake.
It had received 27 percent bids on the first day. Its premium is running at Rs 80 in the gray market. Its listing can be done on 22 December.
6. HP Adhesive India
The IPO of consumer adhesives company HP Adhesives will open on December 15.
This Mumbai-based company has fixed a price range of Rs 262–274 for this. The issue size of the company is Rs 126 crore.
In this, fresh shares worth Rs 113.44 crore will be issued while existing shareholders and promoters will sell shares worth Rs 12.53 crore.
It has a lot size of 50 shares. Its listing can be done on December 27.
7. RateGain Travel Technology
The IPO of RateGain Travel Technologies, one of the world’s largest distribution technology companies, opened on December 7 and closed on December 9.
The price band for the Rs 1336 crore IPO was fixed at Rs 405–425 per share. It was subscribed 17.4 times.
Its gray market premium is running at Rs 60. The allotment of its shares can be done on December 14.
Its listing can be done on December 17.
8. Data patterns India
The IPO of Data Patterns India Limited, related to the defense sector, will open on 14 December and close on 16 December.
The price band for this IPO of Rs 588 crore has been fixed at Rs 555 to 585.
The company will issue newly issued shares worth Rs 240 crore while 59.52 lakh equity shares will be held under OFS.
There will be 25 shares in one lot. Its premium is running at Rs 400 in the gray market.
Its listing can be done on December 24.
