3 days ago
NSE, Hero Motors IPOs Lead India’s Most-Searched Issues
Many people in India are searching for information about new stock-market offerings called IPOs.
An IPO is when a company sells shares to the public for the first time.
The NSE IPO is the biggest issue mentioned, at Rs 22,562 crore.
Hero Motors, Manika Plastech, SS Retail, and Jindal Supreme also attracted significant interest.
Each IPO has specific dates when investors can apply for shares.
Some shares are reportedly selling at premiums in unofficial grey markets before listing.
These premiums are only estimates and can change with market conditions.
The companies plan to use the money for purposes such as debt repayment, new facilities, and business growth.
The NSE IPO, worth Rs 22,562 crore, is scheduled to open on September 17 and list tentatively on September 24.
Hero Motors will launch its Rs 1,000 crore IPO from September 16 to 18, with a reported grey market premium of 28.57%.
Manika Plastech’s Rs 125 crore IPO is scheduled to close on September 16 after reaching 0.94x subscription.
SS Retail’s Rs 500 crore IPO will open on September 16 and close on September 18, with a reported grey market premium of Rs 140.
Jindal Supreme’s Rs 124.88 crore IPO will close on September 18 and is expected to list on September 23.
- Who
- Investors and market participants tracking the NSE, Hero Motors, Manika Plastech, SS Retail, and Jindal Supreme IPOs.
- What
- Five IPOs dominated Google searches, with details on their subscription dates, pricing, grey market premiums, and expected listings.
- Where
- The IPOs are being offered in India’s primary markets and are expected to list on Indian stock exchanges.
- When
- The offerings are scheduled to open or close between September 16 and September 21, with expected listings from September 21 to September 24.
- Why
- Market participants are monitoring the issues because of their upcoming bidding periods, expected listings, and reported grey market premiums.
Key facts
- Most prominent issue
- NSE IPO, valued at Rs 22,562 crore
- NSE price band
- Rs 1,700 to Rs 1,785 per share
- Hero Motors issue size
- Rs 1,000 crore
- Manika Plastech subscription
- 0.94x reported subscription before closing
- SS Retail price band
- Rs 403 to Rs 424 per share
- Jindal Supreme issue size
- Rs 124.88 crore
- Grey market caution
- Grey market premiums are unofficial indicators and can be affected by market volatility
Sources
Related news
Five IPOs Set Subscription Dates as GMPs Signal Premiums
SEBI Clears Way for National Stock Exchange’s ₹30,000-Crore IPO
NSE Sets IPO Price Band Ahead of September Subscription
IPO GMP Comparison: SS Retail Leads as Hero Motors Trails
NSE IPO GMP Surges After SEBI Approval, Listing Dates Eyed
NSE IPO Opens as Grey Market Premium Signals Weaker Gains
Indian IPOs raise ₹7,550 crore despite volatile markets this week
Supreme Court Approves NSE-SEBI Co-Location Settlement
NSE IPO Fully Subscribed As Institutional Demand Surges
Power Grid Approves ₹5,000 Crore Bond Fundraising Plan
