The IPO market is buzzing with action this week, with two other issues set to make their stock market debut (December 19) – Inventurus Knowledge Solutions (IKS) and Yash Highvoltage.
As per the recent trends in the grey market, it indicates that both the issues are expected to list with gains. It is also to note that both these issues belong to different categories. IKS is a mainboard IPO, meaning it’s a larger offering listed on the main stock exchanges, and comes with strong backing from notable investors. On the other hand, Yash Highvoltage is an SME IPO, a smaller offering listed on the small and medium enterprises platform.
GMP – Yash Highvoltage Vs Inventurus Knowledge Solutions
Yash Highvoltage grey market premium (GMP) as of the latest development stood at Rs 152 , indicating an estimated listing of Rs 298 or a 104.11 per cent potential gain upon listing.
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On the other hand, the mainboard IPO – Inventurus Knowledge Solutions, in the grey market, the shares are trading at a premium of Rs 407. This indicates an estimated listing of Rs 1736 or 30.62 per cent increase over the upper IPO price of Rs 1329, ahead of its listing.
The grey market is an unofficial marketplace to trade shares.
Subscription Numbers
Yash Highvoltage, a key player in the electrical sector, raised ₹110.01 crore, including both a fresh share sale and an offer-for-sale (OFS). Its IPO was subscribed by a massive 181.82 times.
on the flip side, Inventurus Knowledge Solutions 2,497.92 crore public offering, backed by prominent figures such as Rekha Jhunjhunwala, was subscribed 52.68 times, with the highest demand from Qualified Institutional Buyers (QIBs).
While both IPOs are expected to list with gains, the comparison between the two is not entirely straightforward, as one is a mainboard issue and the other is an SME IPO.
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