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Profit up to 81% even before listing, these 4 IPOs are making waves in the gray market, you can also invest money

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IPO market

Photo:FILE IPO market

IPO Market News: If you like to invest money in IPO, then this week is a great opportunity for you. 4 such IPOs are currently open for subscription, in which good GMP is being seen. These include one mainboard and three SME IPOs. The mainboard IPO is of Stallion India. Whereas, SME IPOs are of Landmark Immigration, Rikhav Securities and Kabra Jewels. Let us know the details related to these IPOs.

Rikhav Securities IPO

This is an SME IPO of Rs 88.32 crore. This IPO was open for subscription on January 15 and will close on January 17. Allotment of shares can happen on January 20 and listing on January 22. In the gray market, the company’s shares are seen trading at a premium of Rs 70 compared to the issue price of Rs 86. In this way, this share can be listed at Rs 156 with a premium of 81.40 percent. This IPO has been subscribed 8.47 times so far.

Kabra Jewels IPO

This is an SME IPO of Rs 40 crore. This IPO opened on January 15 and will close on January 17. Allotment of shares can happen on January 20 and listing on January 22. In this IPO, one lot is of 1000 shares. This IPO has been subscribed 12.52 times so far. In the gray market, the company’s shares were seen trading at a premium of Rs 90 against the issue price of Rs 128. In this way, this share can be listed at Rs 218 with a premium of 70.31 percent.

Stallion India IPO

This is a mainboard IPO of Rs 199.45 crore. This IPO will be open for subscription on 16th January i.e. today and will close on 20th January. Allotment of shares will take place on January 21 and listing of shares on stock exchanges will take place on January 23. One lot in this IPO is of 165 shares. In the gray market, this share is trading at a premium of 48 percent compared to the issue price of Rs 90. In this way, this share can be listed at Rs 138 with a premium of 53.33 percent.

Landmark Immigration IPO

This is an SME IPO of Rs 40.32 crore. This IPO will open for subscription today on 16th January and will close on 20th January. The allotment of shares will take place on January 21 and the listing of shares can take place on January 23. One lot in this IPO is of 1600 shares. In the gray market, the company’s shares are seen trading at a premium of Rs 15 against the issue price of Rs 72. In this way, this share can be listed at Rs 87 with a premium of 20.83 percent.

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