IPO Market

Central Mine Planning IPO comprises a fresh issue of 107.1 million equity shares worth up to ₹1,842.12 crore

GSP Crop Science shares kicked off their maiden trading session on the BSE at ₹332.30 per share, reflecting a premium of ₹12.30 or 3.84 per cent over its IPO issue price of ₹320 per share.

Brokerages remain divided on the investment case for Amir Chand Jagdish Kumar (Exports), with some recommending subscription on the back of growth prospects, while others flag valuation and governance

Analysts at SBI Securities, and Ashika Institutional Equities have recommended subscribing to the issue for the long term, while those at Swastika Investmart have assigned an 'Avoid' rating

SBI Securities recommends investors to 'Subscribe' to the issue for the long term, while Swastika advised investors to apply with caution, recommending the issue only for risk-tolerant

Ahead of its IPO, CMPDI raised ₹470 crore from anchor investors, allotting 27.3 million shares at ₹163-₹172 each on March 19.

GSP Crop Science set to debut on the bourses on Tuesday, March 24, while Central Mine Planning & Design Institute's IPO will close for bidding on the same day

Amir Chand Jagdsh Kumar has set the price band for its IPO in the range of ₹201 to ₹212 per share

The unlisted shares of Central Mine Planning were trading almost flat at ₹175, up ₹3 or 1.7 per cent compared to the issue price of ₹172 per share, according to sources tracking unofficial markets

Powerica aims to raise ₹1,100 crore through a combination of fresh issue of 17.7 million shares worth up to ₹700 crore and an OFS of 10.1 million shares worth up to ₹400 crore

The unlisted shares of Central Mine Planning were trading at ₹183 in the grey market, commanding a premium of ₹11 or 6.4 per cent from the upper end price of ₹172

Sai Parenteral's ₹409 crore IPO comprises a fresh issue of 7.3 million shares worth up to ₹285 crore and an OFS of 3.2 million shares worth up to ₹124 crore

Personally, as an experienced investor, I would allocate more to mid, small-caps; if India grows faster than the world, these companies should grow faster too, said Kailash Kulkarni, CEO, HSBC MF.

Sai Parenteral's IPO comprises a fresh issue of ₹285 crore and an offer for sale (OFS) of 3.2 million equity shares

NSE, whose IPO is yet to open, saw its unlisted shares fall 3.47 per cent to ₹1,945, while BSE shares, already listed, rose 5.64 per cent to ₹2,860

Despite the potential to overtake HMIL's IPO in size, the fees paid to investment bankers are likely to be lower than the record ₹493 crore - about 1.77% of the issue size - in the automaker's listing

Central Mine Planning has set the price band for its maiden public issue in the range of ₹163 to ₹172 per share, with a lot size of 80 shares

GSP Crop Science has set the price band for the issue in the range of ₹304 to ₹320 per share, with a lot size of 46 shares

New free-float norms may unlock mega IPOs like Reliance Jio and NSE, even as market volatility tests airline stocks and complicates listing plans for firms such as PhonePe

Two mainboard public issues, GSP Crop Science and Central Mine Planning & Design Institute, scheduled to open for subscription next week