49 mins ago

Five IPOs Set Subscription Dates as GMPs Signal Premiums

Five companies are offering shares to the public this week.

NSE’s offer is the largest and will allow existing shareholders to sell their shares.

SS Retail, Hero Motors, and Jindal Supreme will accept applications from September 16 to September 18.

Sonaselection will accept applications from September 17 to September 21.

Each company has set a different price range for its shares.

Grey market premiums show what some unofficial markets think the shares might be worth before listing.

NSE and SS Retail had positive premiums, while Sonaselection had no premium.

These unofficial numbers can change and do not guarantee how the shares will perform.

NSE and Sonaselection are expected to list on September 24, while the other three are expected to list on September 23.

Key facts

NSE price band: Rs 1,700-1,785 per share
Largest issue: NSE is estimated to raise around Rs 22,569 crore at the upper price band.
SS Retail issue: Up to Rs 360 crore fresh issue and up to Rs 140 crore through an offer for sale.
Hero Motors issue: Rs 1,000 crore, comprising up to Rs 600 crore fresh shares and up to Rs 400 crore sold by promoters.
Jindal Supreme issue: Rs 125 crore, comprising nearly Rs 100 crore fresh shares and around Rs 25 crore through an offer for sale.
Sonaselection issue: Entirely fresh issue of 1.43 crore shares valued at Rs 141.57 crore at the upper price band.
Highest reported GMP: NSE at Rs 210, implying Rs 1,995 based on its upper price band; GMPs are unofficial indicators.

businesstoday.in · 5 hrs ago