1 week ago
Tempsens Leads IPO Grey Market Premium Comparison Among Four Issues
Four companies are offering shares to the public through IPOs.
Investors also track the grey market premium, or GMP, to see how much buyers may be willing to pay before listing.
Tempsens Instruments had the highest GMP among the four companies.
Its GMP suggested a possible listing price of ₹532, compared with an issue price of ₹300.
Sunshine Pictures had the second-highest implied gain at 21.67%.
Gaja Alternative Asset Management indicated a possible 15% gain.
Shankesh Jewellers showed only a 1.08% possible gain.
GMP figures are market indications and do not guarantee the actual listing price.
Tempsens Instruments had the highest GMP at ₹232, implying a 77.33% potential listing gain over its ₹300 upper price band.
Sunshine Pictures recorded a GMP of ₹78, indicating an estimated listing price of ₹438, or 21.67% above its ₹360 upper band.
Gaja Alternative Asset Management reported a GMP of ₹24, implying a potential 15% gain over its ₹160 upper price band.
Shankesh Jewellers had the lowest GMP at ₹1, indicating an estimated listing price of ₹94, or 1.08% above its ₹93 upper band.
As of 14:09 IST, Sunshine Pictures was subscribed 61.18 times, Tempsens Instruments 4.19 times, Gaja 1.88 times, and Shankesh Jewellers 1.66 times.
- Who
- Shankesh Jewellers, Sunshine Pictures, Gaja Alternative Asset Management, and Tempsens Instruments, along with IPO investors.
- What
- Four IPOs were compared on subscription levels, issue details, and grey market premiums.
- Where
- The shares are proposed to be listed on the BSE and NSE.
- When
- The comparison was made on 20 August; Shankesh Jewellers and Sunshine Pictures closed that day, while the other two issues remained open.
- Why
- The comparison evaluates which IPO had the strongest grey market indication and potential listing gain.
Key facts
- GMP leader
- Tempsens Instruments, with a GMP of ₹232 and an implied 77.33% premium.
- Shankesh Jewellers
- Price band ₹88–₹93; subscription 1.66 times as of 14:09 IST; estimated listing price ₹94.
- Sunshine Pictures
- Price band ₹342–₹360; subscription 61.18 times; estimated listing price ₹438.
- Gaja Alternative Asset Management
- Price band ₹152–₹160; second-day subscription 1.88 times; estimated listing price ₹184.
- Tempsens Instruments
- Price band ₹285–₹300; subscription 4.19 times; estimated listing price ₹532.
- Allotment schedule
- Shankesh Jewellers and Sunshine Pictures: Friday, 21 August; Gaja: Monday, 24 August; Tempsens: Tuesday, 25 August.
- Proposed listing dates
- Shankesh Jewellers and Sunshine Pictures: 25 August; Gaja: 26 August; Tempsens Instruments: 28 August.
Quotes
Tempsens Instruments IPO report
Data on the IPO’s grey market premium
“Tempsens Instruments IPO GMP today, or grey market premium, is +232.”
livemint.com
“Shankesh Jewellers IPO GMP today, or grey market premium, is +1.”
livemint.com
Sources
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