Five new IPOs next week; HD Fire Protect has the highest GMP at Rs 75
Three mainboard and two SME issues will open for subscription next week, with HD Fire Protect's grey market premium the highest of the five.
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Next week holds several opportunities for investors looking for openings in the primary market. Five new initial public offerings (IPOs) will arrive in the share market, of which three are in the mainboard category and two in the SME category.
The SME issues are those of Vaibhav Vyapar and Ravita Engineering Services. The mainboard issues are HD Fire Protect, Fusion CX and Sahajanand Medical Technologies. Details of each are given below.
The IPO of Vaibhav Vyapar Limited is in the SME category. It will open on October 13 and close on October 15. The price band is Rs 51 to Rs 54 and the lot size is 2,000 shares. Its grey market premium (GMP) is currently Rs 0.
Ravita Engineering Services Limited is also an SME category IPO. Its dates are stated as October 13 and October 15, and it will close on October 15. The price band is Rs 105 to Rs 112 and the lot size is 1,200 shares. The GMP is Rs 12.
The price band of the mainboard IPO of HD Fire Protect Limited is Rs 258 to Rs 271. The lot size is 55 shares. Its dates are also given as October 13 and October 15, and it will close on October 15. Among the five, this IPO has the highest GMP, at Rs 75.
The IPO of Fusion CX Limited will open on October 14 and close on October 16. Its price band is Rs 275 to Rs 289 and the lot size is 51 shares. The GMP is Rs 53. This is also a mainboard IPO.
The mainboard IPO of Sahajanand Medical Technologies Limited will open on October 15 and close on October 19. Its price band and lot size have not yet been announced. Its GMP is currently Rs 0.
Investors will thus have five IPOs before them next week, each with a different price band, lot size and GMP.
Investment in the share market is subject to market risk. Please consult a certified investment adviser before investing.
