Three mainboard IPOs of Jana Small Finance Bank, Capital Small Finance Bank and Rashi Peripherals are set to hit the exchanges tomorrow in an otherwise volatile market. Jana Small Finance Bank’s IPO price per share was set at Rs 414, Capital Small Finance Bank’s IPO price was at Rs 468, and Rs 311 for Rashi Peripherals, at the upper end of the price band.
However, amid a broad-based selling and volatility across the board, the grey market premiums for the above mentioned companies have fallen significantly over the last few days. Premiums for Jana SFB hit an high of Rs 112 against its issue price but currently stand at Rs 18, Capital SFB’s GMP hit a high of Rs 60 but now stand at a discount of Rs 12. Rashi Peripherals’ GMP earlier hit a high of Rs 90 but now stands at Rs 50, a day ahead of the listing.
Shares of all three companies will begin trading at 10 am tomorrow, both on NSE and BSE.
