1 week ago

Grey Market Premiums Signal Strong Interest in Five Upcoming IPOs

IPO GMPs: Skyways IPO, Symbiotec Pharmalab IPO to Lumino Industries IPO —what grey market premium signals? · livemint.com

Five companies are preparing to sell shares to the public through IPOs.

Investors are watching their grey market premiums, or GMPs, before subscriptions begin.

A GMP shows how much extra traders are indicating they may pay for a share before it officially lists.

Skyways Air Services has a GMP of ₹43.

Symbiotec Pharmalab has the highest GMP at ₹350.

Hy-Tech Engineers has a GMP of ₹22, while Annu Projects has a GMP of ₹4.

Lumino Industries has a GMP of ₹46.

These figures suggest that the market is expecting positive listings, although the estimated prices are based on current GMP levels.

Key facts

Skyways Air Services IPO: Subscription: August 24–27; price band: ₹131–₹138; GMP: ₹43; estimated listing price: ₹181.
Symbiotec Pharmalab IPO: Subscription: August 24–27; price band: ₹938–₹988; GMP: ₹350; estimated listing price: ₹1,338.
Hy-Tech Engineers IPO: Subscription: August 24–27; price band: ₹50–₹53; GMP: ₹22; estimated listing price: ₹75.
Annu Projects IPO: Subscription: August 25–28; price band: ₹94–₹99; GMP: ₹4; estimated listing price: ₹103.
Lumino Industries IPO: Subscription: August 27–31; price band: ₹78–₹82; GMP: ₹46; estimated listing price: ₹128.
Anchor fundraising: Skyways Air Services raised ₹174.5 crore and Symbiotec Pharmalab raised ₹526 crore from anchor investors.
Issue structures: The offerings include fresh issues, offer-for-sale shares, or both; Annu Projects comprises a fresh issue of 1,76,83,000 shares.

livemint.com · 1 week ago