3 hrs ago

Moneyview, A-One Steels IPOs Set for October 1 Listing

Moneyview IPO vs A-One Steels India IPO listing: Here's GMP comparison, listing share price prediction · livemint.com

Two companies, Moneyview and A-One Steels India, are expected to begin trading on October 1.

Their shares will be available on the BSE and NSE stock exchanges.

Both companies had offered shares to investors between September 24 and September 28.

Moneyview received much stronger demand, with its IPO subscribed nearly 98 times.

A-One Steels India’s IPO was subscribed about 12 times.

In unofficial grey-market trading, both shares were priced above their IPO prices.

This suggested a possible gain of about 43% for Moneyview and 11.60% for A-One Steels India.

These figures are estimates, and the actual listing prices may differ.

Key facts

Moneyview IPO size: ₹1,091.68 crore, consisting of a ₹750 crore fresh issue and a ₹341.68 crore offer for sale.
A-One Steels India IPO size: ₹405 crore, consisting of a ₹355 crore fresh issue and a ₹50 crore offer for sale.
Moneyview subscription: 98.46 times overall; QIB subscription was 227.45 times.
A-One Steels India subscription: 11.61 times overall; retail subscription was 8.64 times.
Moneyview GMP prediction: GMP of ₹14.60 indicated an estimated listing price of ₹48.60, about 43% above the IPO price.
A-One Steels India GMP prediction: GMP of ₹47 indicated an estimated listing price of ₹452, about 11.60% above the IPO price.
Planned use of proceeds: Moneyview plans to allocate about ₹325 crore toward loan disbursals through DLG arrangements; A-One Steels India plans to use ₹250 crore to prepay or partially repay borrowings.

livemint.com · 3 hrs ago