Investors looking for new opportunities in the stock market have plenty of options today. A total of six companies from the SME segment have opened their Initial Public Offerings (IPOs) for subscription.
Before investing, it is important to know the IPO size, price band, minimum investment requirement, and the latest Grey Market Premium (GMP). Here’s a simple breakdown of all six IPOs.
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Teja Engineering Industries IPO
Teja Engineering Industries is launching a ₹37.36 crore IPO through the issue of 17 lakh fresh shares.
The company has fixed the IPO price at ₹220 per share. One lot consists of 600 shares, which means investors will need to invest at least ₹2.64 lakh.
At present, the IPO is trading at a Grey Market Premium (GMP) of ₹0.
Atharva Polyplast IPO
Atharva Polyplast plans to raise ₹27 crore through its IPO by issuing 45 lakh fresh shares.
The company has fixed the price band at ₹55 to ₹60 per share. Investors can apply for a minimum lot of 2,000 shares.
According to market reports, the IPO is currently trading at a GMP of ₹8.
Seemax Resources IPO
Seemax Resources is looking to raise ₹19.74 crore through the issue of 14 lakh fresh shares.
The company’s IPO price band has been set at ₹134 to ₹141 per share.
The Grey Market Premium for this IPO is currently ₹0.
Sampark India Logistics IPO
Sampark India Logistics has launched a fresh issue worth ₹27.22 crore.
The company has fixed the price band at ₹80 to ₹84 per share. The lot size is 1,600 shares, while investors need to apply for a minimum of 3,200 shares.
The IPO is currently trading at a GMP of ₹0.
Vinit Mobile IPO Leads in Grey Market
Vinit Mobile is aiming to raise ₹34.13 crore through its IPO.
The company has fixed the price band at ₹150 to ₹158 per share. One lot consists of 800 shares, and investors need to apply for at least 1,600 shares.
Among all six IPOs, Vinit Mobile is showing the strongest performance in the grey market. According to market reports, the IPO is trading at a premium of ₹30.
Critical Tech IPO
Critical Tech has launched a ₹39.69 crore IPO.
The company has fixed the price band at ₹128 to ₹135 per share. Retail investors must apply for a minimum of 2,000 shares.
The current Grey Market Premium for this IPO has not shown significant movement.
Important Note
Grey Market Premiums can change frequently and should not be considered a guarantee of listing gains. Investors should carefully review all details and consult a financial expert before making any investment decision.