IPO bonanza: 29 companies to list this week; GMPs signal returns of up to 59%

After a busy September for IPO fundraising, the primary market will shift from fresh issues to listings this week. Excluding RK Fashion Accessories, which opens for subscription next week, 29 companies are lined up for market debuts. Grey market signals are mixed, with a few names showing strong premiums and several others indicating flat listings.

vans electroengineerings

Vans Electroengineerings is showing the strongest grey market signal, with a GMP of Rs 70, implying a possible 59.32% listing gain over its issue price of Rs 118. The issue was subscribed 628.73 times.

Black Opal Consultants

Black Opal Consultants is trading at a GMP of Rs 95, or 48.22%, over its issue price of Rs 197. The IPO was subscribed 73.8 times, keeping it among the most-watched SME listings.

EverestIMS Technologies

EverestIMS Technologies is showing a GMP of Rs 40, indicating a possible 47.06% gain over its issue price of Rs 85. The issue was subscribed 1.7 times.

Orient Cables

Orient Cables has a GMP of Rs 115, or 42.28%, over its issue price of Rs 272. The Rs 552 crore IPO was subscribed 97.28 times.

SRIT India

SRIT India is showing a GMP of Rs 52, which points to a possible 40% premium over its issue price of Rs 130. The issue saw strong demand with subscription of 125.16 times.

Bench Mark Infotech Services

Bench Mark Infotech Services is quoting at a GMP of Rs 25, or 22.73%, over its issue price of Rs 110. The IPO was subscribed 103.12 times.

Acme Universal Safezone 9

Acme Universal Safezone 9 is showing a GMP of Rs 13, implying a possible 18.31% listing gain. The issue was subscribed 23.41 times.

Acme India Industries

Acme India Industries is trading at a GMP of Rs 30, or 15.31%, over its issue price of Rs 196. The Rs 121.69 crore IPO was subscribed 1.97 times.

Sai Urja Indo

Sai Urja Indo is showing a GMP of Rs 17, indicating a possible 15.04% listing gain. The issue price is Rs 113 and subscription stood at 4.95 times.

TNA Solutions

TNA Solutions has a GMP of Rs 10, or 14.29%, over its issue price of Rs 70. The Rs 37.86 crore SME IPO was subscribed 1.71 times.

Shah Investor's Home

Shah Investor’s Home is showing a GMP of Rs 15.5, pointing to a possible 9.28% gain over its issue price of Rs 167. The issue was subscribed 38.12 times.

Vishal Nirmiti

Vishal Nirmiti is quoting at a GMP of Rs 20, or 9.09%, over its issue price of Rs 220. The Rs 178 crore issue was subscribed 0.6 times.

German Green Steel

German Green Steel is showing a GMP of Rs 10.5, implying a possible 7.55% listing premium. The IPO was subscribed 30.42 times.

Nityas Gems and Jewellery

Nityas Gems and Jewellery has a GMP of Rs 3, or 4%, over its issue price of Rs 75. The issue was subscribed 0.69 times.

Shivchem Agro

Shivchem Agro is showing a GMP of Rs 1.5, indicating a possible 2.42% listing gain. The issue was subscribed 2.2 times.

Acevector

Acevector is trading at a GMP of Rs 0.6, implying a possible 1.88% gain over its issue price of Rs 32. The Rs 420 crore IPO was subscribed 5.07 times.

Dudani Retail

Dudani Retail is showing a GMP of Rs 0.5, or 1.72%, over its issue price of Rs 29. The Rs 10.54 crore issue was subscribed 1.42 times.

Pind Hospitality

Pind Hospitality has a GMP of Rs 1, implying a possible 1.01% gain over its issue price of Rs 99. The issue was subscribed 2.71 times.

Paramount Syntex

Paramount Syntex is showing no grey market premium ahead of listing. The issue price is Rs 127 and subscription stood at 1.35 times.

Dove Soft

Dove Soft is also showing zero GMP. The issue price is Rs 111 and the IPO was subscribed 0.86 times.

Eventions

Eventions has no grey market premium despite subscription of 1.8 times. The issue price is Rs 118.

Sollfege Smart Electronics

Sollfege Smart Electronics is quoting at zero GMP. The Rs 21.78 crore issue was subscribed 1.86 times.

Shree TNB Polymers

Shree TNB Polymers is showing no grey market premium. The IPO was subscribed 0.98 times at an issue price of Rs 53.

SJP Ultrasonic

SJP Ultrasonic has zero GMP before listing. The issue price is Rs 67, and subscription stood at 0.54 times.

Omara Ventures India

Omara Ventures India is showing no grey market premium. The issue price is Rs 311, and the IPO was subscribed 0.69 times.

Green Asia Impex

Green Asia Impex is also indicating a flat listing, with no GMP. The issue price is Rs 89, and subscription stood at 1.04 times.

Papadmalji Agro Foods

Papadmalji Agro Foods is showing zero GMP ahead of listing. The issue price is Rs 72, and subscription stood at 2.54 times.

Runwal Enterprises

Runwal Enterprises is showing no current GMP after earlier indications of a premium. The Rs 500 crore issue was subscribed 2.64 times at an issue price of Rs 305.