The grey market is giving a strong response; should you apply or not, know the experts' opinion Price band fixed for IPO of crores of rupees, check details
interarch Building Products IPO
Building Products' IPO opened for subscription on Friday last week and closed on Wednesday this week. The company's IPO received tremendous support from investors. Interarch Building Products' IPO has received 93.53 times subscription. This is a mainboard IPO, under which the company is going to raise Rs 600.29 crore.
There is a 'ruckus' in the grey market regarding the company's shares
After the strong support received by the company's IPO from investors, it is also seen getting tremendous support in the grey market. According to websites tracking the grey market premium of shares under IPO, shares of Interarch Building Products are trading with a premium of around Rs 370 on Thursday, 22 August. That is, the company's shares are trading with a GMP of Rs 325 after the closure of the IPO.
Premier Energies IPO
Investors who want to invest in Premier Energies IPO can see the information related to it
What is the price band?
The company has fixed the price band of its IPO at ₹427-450 per share.
When will the IPO open?
Premier Energies IPO will open for subscription on August 27 and close on August 29. At the same time, the IPO will open on August 26 for anchor investors.
This IPO consists of an offer of new equity shares worth ₹1,291 crore and an offer for sale (OFS), with 3.42 crore shares offered by the selling shareholders. Based on the upper band price of ₹450, this is equivalent to about ₹1,539 crore.
When will the IPO be allotted?
The IPO allotment will be finalized on August 30 and the refund process is likely to start on September 2.
When will the IPO be listed?
Premier Energies' IPO will be listed on the stock exchanges on August 3.
Know other details
South Asia Growth Fund I Holdings LLC, South Asia EBT Trust and promoter Chiranjiv Singh Saluja have emerged as sellers in the OFS (Offer for Sale). Under this OFS, these three major institutions are planning to sell their stake, which can be an important opportunity for investors in the market.
Who are the book-running lead managers?
Kotak Investment Banking, JP Morgan, and ICICI Securities are playing the role of book-running lead managers for this issue.
Where will the money raised from the IPO be used?
The amount raised from this issue will be used to invest in Premier Energies Global Environment Private Limited. The investment is intended to partially finance a 4 GW solar PV TOPCon cell and 4 GW solar PV TOPCon module manufacturing facility in Hyderabad.
Know about the company
The company has five production plants in Hyderabad, which provide services to major companies such as NTPC, Tata Power, Panasonic Life Solutions, Shakti Pumps, First Energy 6, Bluepine Energies, Luminous Power Technologies, Heartek Solar and Green Infra Wind Energy.
Orient Technologies IPO
The IPO of IT solutions provider Orient Technologies has opened for subscription from August 21 and the issue will remain open for investment till August 23.
GMP of Orient Technologies IPO
According to Investorgain.com, the GMP of Orient Technologies IPO today is ₹70. This means that the company's shares can be listed at Rs 276 per share, which is 33.98 percent higher than the upper end of the issue price of Rs 206.
Should you subscribe to Orient Technologies IPO or not?
Shivani Nyati, Wealth Head, Swastik Investmart, is positive about the IPO of Orient Technologies. According to Nyati, the company's comprehensive IT solutions portfolio and consistent financial growth reflect its strong market position. However, dependence on major customers, technology partners and government tenders and ever-increasing competition are the biggest challenges for the company.
Nyati said, "The IPO is valued at a P/E multiple of 17.45x, which looks right. After considering all the factors, we recommend a subscribe rating for this IPO, but investors should take a cautious approach." Apart from this, analysts at MasterTrust have suggested that investors can apply for the IPO of Orient Technologies for the medium to long term.
Orient Technologies IPO Price Band
nterarch Building Products IPO Building Products' IPO opened for subscription on Friday last week and closed on Wednesday this week. The company's IPO received tremendous support from investors. Interarch Building Products' IPO has received 93.53 times subscription. This is a mainboard IPO, under which the company is going to raise Rs 600.29 crore.
There is a 'ruckus' in the grey market regarding the company's shares
After the strong support received by the company's IPO from investors, it is also seen getting tremendous support in the grey market. According to websites tracking the grey market premium of shares under IPO, shares of Interarch Building Products are trading with a premium of around Rs 370 on Thursday, 22 August. That is, the company's shares are trading with a GMP of Rs 325 after the closure of the IPO.
Orient Technologies has fixed the price band of the share at Rs 195-206 per share for its Rs 215 crore Initial Public Offering (IPO).
Till when can you subscribe to the IPO?
This IPO of the company is now open for public subscription and will close on August 23.
When will the IPO be listed?
Orient Technologies' IPO will be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on August 28.
Who is the book running lead of the IPO?
Elara Capital (India) is the sole book-running lead manager for this IPO.
Who is the registrar of the IPO?
The registrar of the Orient Technologies IPO is Link Intime India Private Limited.
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