GMP | Business Upturn

Unimech Aerospace IPO: Check latest GMP ahead of listing today

Aditya Bhagchandani — Tue, 31 Dec 2024 02:45:52 +0000

The equity shares of Unimech Aerospace and Manufacturing Ltd, an engineering solutions provider, are set to make their debut on the Indian stock exchanges today, December 31, 2024. The IPO listing will take place on the BSE and NSE, with trading commencing at 10:00 AM following a Special Pre-Open Session (SPOS).

IPO Highlights

Issue Size: ₹500 crore
- Fresh Issue: ₹250 crore (0.32 crore shares)
- Offer for Sale: ₹250 crore (0.32 crore shares)
Price Band: ₹745–₹785 per share
Lot Size: 19 shares
- Minimum Investment (Retail): ₹14,915
- sNII Minimum Investment: ₹2,08,810 (14 lots, 266 shares)
- bNII Minimum Investment: ₹10,14,220 (68 lots, 1,292 shares)
Subscription Period: December 23–26, 2024
Allotment Finalized: December 27, 2024

Grey Market Premium (GMP)

Unimech Aerospace shares have been trending bullish in the grey market, with a hefty GMP of ₹716 per share. This suggests that Unimech Aerospace shares are trading at a 91% premium over the issue price of ₹785.

Estimated Listing Price

Based on the current GMP, the estimated listing price of Unimech Aerospace shares is ₹1,501 apiece. This signals a strong debut, offering nearly double returns to IPO investors.

What to Expect Today

The BSE notice confirms the shares will be listed in the ‘B’ group of securities. Investors and market watchers are keenly observing this listing, which reflects positive sentiment and strong demand in the IPO market.

Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.

Awfis Space IPO: Current GMP, subscription details and listing date

Markets Desk — Sat, 25 May 2024 08:42:21 +0000

The Awfis Space Solutions IPO, valued at ₹598.93 crore, consists of a fresh issue of 33 lakh equity shares worth ₹128 crore and an offer for sale (OFS) component of 1.23 crore shares totaling ₹470.93 crore. The IPO subscription opened on May 22 and will close on May 27. The price band for the IPO is set at Rs 364 to Rs 383 per share, with a lot size of 39 shares for retail investors. The allotment is expected to be finalized on May 28, and the listing date is tentatively scheduled for May 30.

Awfis Space IPO Subscription Details

As of the second day of bidding till Friday, May 25, the Awfis Space IPO was subscribed 11.4 times overall, data from exchanges showed. The retail portion for Awfis Space IPO was subscribed 21.11 times at the end of day 2, while the non-institutional investors quota garnered 20.99x subscription. The portion set aside for qualified institutional buyers (QIBs) was subscribed only 3.39 times. Typically, the QIB portion of IPOs are subscribed on the last day of bidding. Furthermore, the employee portion of the IPO was subscribed 10.48 times at the end of day 2.

Awfis Space IPO Current GMP

According to data available from grey market traders, the current GMP or grey market premium for Awfis Space IPO is Rs 108, indicating that the IPO will list at a premium of Rs 108. According to the GMP, a strong listing is expected for Awfis Space IPO. At the upper end of the price band and the current premium in the grey market, shares of Awfis Space Solutions are likely to get listed at Rs 491 per share, a 28.2% premium against the issue price of Rs 383.

Awfis Space IPO Listing Date

The IPO subscription opened on May 22 and will close on May 27. The allotment is expected to be finalized on May 28, and the listing date for Awfis Space IPO is tentatively scheduled for May 30.

Tamilnad Mercantile Bank IPO: GMP, price band, and important information as issues go on sale next week

Aryan Jakhar — Fri, 02 Sep 2022 05:05:18 +0000

On Monday, September 5, 2022, public subscription for the three-day initial public offering (IPO) of Tamilnad Mercantile Bank will start. The sale will end on Wednesday, September 7. For its inaugural share offering of Rs. 832 crore, the Tuticorin-based private sector lender has set a price range of Rs. 500 to Rs. 525 per share.

According to market watchers, shares of Tamilnad Mercantile Bank are currently trading for a premium (GMP) of 31. On September 15, 2022, the company’s shares are anticipated to list on the BSE and NSE stock markets. The book-running lead managers for the public offering are Axis Capital, Motilal Oswal Investment Advisors, and SBI Capital Markets, while Link Intime India Private Ltd is the registrar.

The 1.58 crore equity shares in Tamilnad Mercantile Bank’s IPO will be a new issuance, and the bank plans to use the funds to increase its core capital, which will rise to 25% from the current 22% post-issue and also satisfy future capital requirements.

Having been founded in 1921 as Nadar Bank, Tamilnad Mercantile Bank (TMB) is one of the oldest private sector banks, with a history spanning 101 years. The bank provides a wide range of services, primarily to retail, agricultural, and small- and medium-sized business customers. The bank has 509 branches, of which 369 are in Tamil Nadu, its home state, where over 70% of its business is conducted. The remaining branches are dispersed over 15 states and four union territories.

“TMB can be a good investment avenue owing to its better growth with healthy asset quality, robust risk management system, equipped with basic retail banking infrastructure, and sizeable market to grow. However, pending legal matters may impact TMB if the verdict goes against the bank. At the upper price band of ₹525/-, stock is priced at 1.35x its FY22 book value (based on fully diluted post issue equity). We recommend subscribing to the issue from a long term perspective,” said the IPO note by Investmentz.com.

In fiscal 2022, the bank reported a net income of Rs 8,212 crore on revenue of Rs 4,656.4 crore, up from 603 crore and Rs 4,253 crore in fiscal 2021, respectively.

Ami Organics IPO share allocation to be finalized on September 8, Details here

Sneha Sengupta — Wed, 01 Sep 2021 08:35:50 +0000

On September 3, Ami Organics’ initial public offering commenced today wherein the issue closes on September 3. However, before launching its IPO, the chemical manufacturer has already accumulated ₹171 crore from its anchor investors. It delegated around 28,01,485 equity shares to its 20 anchor investors with an upper bank Rs 610 apiece, comprising SBI Healthcare Fund, SBI Mutual Fund, Kuber India Fund and UTI Healthcare Fund, respectively. At 11:35 am, Ami Organics IPO was subscribed by 0.58 times. This company has ascertained a price range of 603-610/share for the ₹570 crore IPO.

Lot size and allotment details

Ami Organics lot size is 24 equity shares and can be displayed for bidding in multiples of 24 pertaining to the equity shares. The division goes this way: 35% has been set aside for retail investors, 50% reserved for qualified institutional investors and the leftover 15 per cent for non-institutional investors. The allocation date is most probable to be announced by September 8 and the tentative listing date arrives to be on September 4. Link Intime India Private Ltd is the IPO registrar for the company.

A freshly mapped GMP

The grey market observers claim that Ami Organics shares are indicating a premium of ₹162 wherein its IPO includes a new issue of Rs. 200 crores with an offer of sales of 6,059,600 equity shares by shareholders. After the IPO bidding, the promoter’s holdings may decline from 47.2% to 41.1%.

Financials of Ami Organics

Ami Organics gathers a maximum percentage of its revenue from global market investors. Exports conferred 51.5% of the company’s revenues with effect from March 2021. As of FY21, the company has accounted for revenues worth ₹340 crore with a net profit of ₹54 crore.

Comments

“The company has shown consistent financial performance with sales growth at CAGR of 19.5% and restated profit after tax growth at CAGR of 52.3% between the Fiscals 2019 and 2021. The financials for 2020-21 doesn’t include revenue from the acquisition of the two plants. We are positive about the long-term prospects of the Company. Hence, we recommend a “Subscribe” rating to this IPO,” suggests brokerage, Anand Rathi.

Ami Organics issue is available at the upper end of the IPO price band at 41.2x its FY21 earnings, with a market cap of Rs. 22,227 million. Further on the FY21 earnings basis, the company is trading below the industry average of 48.91x. Looking at the P/B ratio on the upper price band, book value and P/B are Rs. 53 and 11.51x respectively along with a RoNW of 32.35%, Anand Rathi averred.

Nuvoco Vistas & CarTrade IPOs and GMP released, Read details here

Sneha Sengupta — Mon, 09 Aug 2021 05:24:04 +0000

Nirma Group subordinate, Nuvoco Vistas and e-auto classified platform CarTrade initial public offerings (IPOs) will be available for subscription today. These companies are generating funds to pass out their debt, funding capital expenditure requirements and for general corporate uses.

CarTrade IPO price band is uniform at ₹1,585-1,618 per share and Nuvoco Vistas is priced at ₹560-570 a share. The following three-day issues will end on August 11. CarTrade shares are open at a premium rate of ₹380 in the grey market while Nuvoco Vistas’ is available at ₹20, as per the market observation report. The share-sale initially will be completely an offer for sale (OFS) of 18,532,216 equity shares.

”CTT (CarTrade Tech) offers a unique play on the rising digitisation of new and pre-owned vehicle transaction value chain/ecosystem. Given the prevailing preference for digital platforms including the recent listings, we assign SUBSCRIBE rating to the issue for listing gains. Long term wealth generation at CTT will be a function of scalability, relevance and journey towards healthier return ratios,” added ICICI Direct in a statement.

“We believe the company has a strong brand, better technology platforms, a profitable & scalable business model. Hence, we recommend a subscribe rating on the issue,” said Amarjeet Maurya, AVP-Mid Caps, Angel Broking.

Initially, Nuvoco Vistas will issue shares at ₹1,500 crore along with an offer for the sale of ₹3,500 crore by the promoter Niyogi Enterprise. The fixed price band of ₹560-570 public issue will be offered for subscription from August 9 to August 11.

Moreover, along with the mentioned companies, two more IPOs Aptus Value Housing Finance and Chemplast Sanmar will commence their public subscription week along with four other companies at ₹14,628 crore on an initial basis. This announcement comes just after the four companies: Devyani International, Krsnaa Diagnostics, Windlas Biotech and Exxaro Tiles, released their initial share-sales of ₹3,614 crore, last week.