3 hrs ago

Rentomojo Leads Grey Market Signals Ahead of September IPOs

IPO GMPs: Rentomojo, LCC Projects to Karamtara Engineering — what grey market signals about upcoming IPOs · livemint.com

Three companies are opening share sales called IPOs on 9 September.

The companies are Rentomojo, Karamtara Engineering and LCC Projects.

Before shares officially list, investors watch a grey market premium, or GMP.

The GMP shows what some investors may be willing to pay before listing.

Rentomojo currently has the highest GMP among the three companies.

Its GMP suggests a possible listing gain of about 31.44 percent.

Karamtara Engineering and LCC Projects show lower possible gains of 23.62 percent and 20.55 percent.

However, GMP is only an indication and does not guarantee how the shares will perform after listing.

Key facts

Rentomojo GMP: ₹127; implied listing price of ₹531 and potential gain of 31.44% at the upper price band.
Karamtara Engineering GMP: ₹60; implied listing price of ₹314 and potential gain of 23.62% at the upper price band.
LCC Projects GMP: ₹30; implied listing price of ₹176 and potential gain of 20.55% at the upper price band.
Rentomojo issue size: ₹1,255.57 crore, with a price band of ₹384 to ₹404 per share.
Karamtara Engineering issue size: ₹875 crore, with a price band of ₹241 to ₹254 per share.
LCC Projects issue size: ₹427.14 crore, with a price band of ₹139 to ₹146 per share.
Expected listing date: 17 September on both the NSE and BSE, according to the tentative schedules.

livemint.com · 3 hrs ago