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Upcoming IPOs: Quadrant Future Tek, Standard Glass Lining among 7 IPOs this week- What does the GMP say?

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Upcoming IPOs: Quadrant Future Tek, Standard Glass Lining among 7 IPOs this week- What does the GMP say?

The IPO market in India has kicked off with full fledge this year, with plenty to look forward to keeping investors with an action-packed week ahead. From mainboard IPOs to small and medium enterprises (SMEs) making their debut, this week alone, 7 IPOs are set to open for subscription, while several others gear up for listing.

Key IPOs to watch this week Mainboard issue 1. Standard Glass Lining IPO

A mainboard public issue, Standard Glass Lining IPO opens for subscription from January 6 to January 8, 2025. This Rs 410.05 crore IPO features a fresh issue of Rs 210 crore and an offer for sale worth Rs 200.05 crore. The price band of the issue is kept between the range of Rs 133 to Rs 140 per share, investors can bid in lots of 107 shares.

GMP: As per the current recent trends, the shares of this mainboard issue is trading at a premium of Rs 97, indicating an estimated listing price of Rs 237 per share. This suggests a 69.29% gain over the issue price of Rs 140 per share.

2. Quadrant Future Tek IPO

The three-day bidding window for this public issue will be running from January 7 to January 9. This IPO offers a fresh issue of Rs 290 crores. The price band is set between Rs 275 to Rs 290, with Sundae Capital Advisors managing the process.

GMP: Quadrant Future Tek IPO, another mainboard issue, ahead of its opening tomorrow, in the grey market is trading at a premium of Rs 180, suggesting a potential listing price of Rs 470 per share, that is, a 62.07% surge over the issue price of Rs 290 per share.

3. Capital Infra Trust Invit IPO

With a Rs 1,578 crore issue, this IPO will also be available from January 7 to January 9. The price range is set between the range of Rs 99 to Rs 100 per share. This IPO includes a fresh issue worth Rs 1,077 crore and an offer for sale of Rs 501 crore.

GMP: As of the recent development, the GMP of this mainboard issue is nil, with the listing estimated at the upper price band of Rs 100 per share.

Also Read: Quadrant Future Tek IPO opens tomorrow: GMP surges over 60% – Is it worth the bet?

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