IPO: Check the price, GMP and other details of the issues to hit D Street next week | Markets News

By Cross Talk India Team On Oct 19, 2024

Markets News

Of the half a dozen IPOs that would be on offer between October 21 and October 25, 3 each are mainboard issues and SMEs.

Waaree Energies IPO that seeks to mop up Rs 4,321.44 crores is the biggest of the half a dozen issues that will hit the market in the week beginning on October 21. (Picture Credit: depositphotos)

After the week of October 14-18 brought down the curtains on India’s biggest IPO of Hyundai Motor, the next week beginning October 21 will offer as many as half a dozen IPOs. Of the issues on offer, that of Waaree Energies will be the biggest.

The dates on which the bidding process will be open are as follows: Waaree Energies (Mainboard, October 21-23), Deepak Builders & Engineers (Mainboard, October 21-23), Premium Plast (SME, October 21-23), Danish Power (SME, October 22-24), United Heat Transfer (SME, October 22-24), OBSC Perfection (SME, October 22-24) and Godavari Biorefineries (Mainboard, October 23-25).

Waaree Energies IPO details, price band, GMP

Waaree Energies IPO will raise Rs 4,321.44 crores. Each Waaree Energies share is priced at Rs 1,427-1,503. The minimum lot has 9 shares that will cost a retail investor Rs 13,527. Investorgain tells us, Waaree Energies IPO GMP is at Rs 1,500 on October 19, which indicates listing gain of about 100%.

Deepak Builders & Engineers IPO price, GMP

Deepak Builders & Engineers IPO wants is to raise Rs 260.04 crores through fresh issue and OFS. The price band for Deepak Builders & Engineers IPO is Rs 192-203 and the minimum lot carries 73 shares requiring an investment of Rs 14,819 by a retail invetsor. The GMP of Deepak Builders & Engineers on October 19 stood at Rs 51, indicating a listing gain of 25.12%.

Premium Plast IPO details, price band, GMP

Premium Plast IPO is supposed to mop up Rs 26.20 crores. The price band of Premium Plast shares has been fixed at Rs 46-49, which will require a retail investor to commit Rs 1.47 lakh since the minimum lot contains 3,000 shares. Investorgain shows the GMP was at Rs 8 on October 19, which indicates a listing gain of 16.33%.

Danish Power IPO details, price band, GMP

Danish Power IPO wants to raise Rs 197.90 crores. A Danish Power share is priced between Rs 360 and Rs 380. The minimum lot is of 300 shares which needs an investment of Rs 1.14 lakh. The Danish Power IPO GMP stood at Rs 100 on October 19 reflecting a listing gain of 26.32%.

Godavari Biorefineries details, GMP

Godavari Biorefineries IPO will raise Rs 554.75 crore. The price band is Rs 334-352 and a minimum lot has 42 shares. On October 19, the GMP was at Rs 0. However, one must remember that GMP is an unofficial indicator that does not guarantee anything. gain or loss.

Avijit Ghosal

Avijit Ghosal has been writing on topics of business, industry and investment for the past three decades. He also writes on the broad economy, infrastructure and issues in banking. He has worked for economic dailies such as the Business Standard, The Economic Times, business magazines such as Business Today, English broadsheet the Hindustan Times and Bengali daily Anandabazar Patrika before joining TV9 Network.