Apart from the Assembly Elections the IPO action is what the street is watching out for this week- There was a lot of anticipation in the market about the Zinka Logistics Solution IPO and the NTPC Green Energy IPO.
Analysts and brokerages have maintained a “Subscribe” rating on both companies for long-term presenting these IPOs as promising picks for portfolio diversification. Here’s a closer look at their subscription status and sectoral appeal.
Zinka Logistics Solutions IPO vs. NTPC Green Energy IPO: GMP Comparison
In the grey market, the Zinka Logistics Solution IPO is trading with no premium or discount. It is 0 at the moment. This means that Zinka’s shares are likely to list at issue price of Rs 273. The GMP has slipped from Rs 21 to current 0.
Also ReadNTPC Green Energy IPO 2024 Live Updates: Check GMP, listing, subscription status, and other details
In contrast, the NTPC Green Energy IPO shows a slight premium, with a last recorded GMP of 80 paise as of 11 a.m. on November 20, 2024. Based on this premium, the estimated listing price for NTPC Green Energy shares stands at Rs 108.80, reflecting modest demand ahead of its listing. The GMP has not been very high but it has fallen from Rs 12 to current 80 paise.
Zinka Logistics Solution IPO Vs NTPC Green Energy IPO: Subscription Status
Zinka Logistics Solution IPO Subscription Status
Zinka Logistics Solution, a major player in India’s logistics sector and parent of BlackBuck, saw a favorable response from investors during its subscription period. The IPO opened on Wednesday, November 13, and closed on Monday, November 18. By the close of the final bidding day, the subscription status revealed strong interest from various investor categories:
-Qualified Institutional Buyers (QIBs): The QIB portion was subscribed 2.76 times, indicating solid institutional interest.
–Retail Investors: Retail investors subscribed 1.66 times, showing healthy demand from individual investors.
–Non-Institutional Investors (NIIs): The NII portion saw a subscription rate of 24%, reflecting a more moderate uptake in this category.
–Employee Category: Zinka’s employee allocation was notably oversubscribed, reaching 9.88 times, signaling high enthusiasm among internal stakeholders.
Overall, Zinka Logistics Solution’s IPO subscription status reached 1.86 times by the third day, according to data from the Bombay Stock Exchange (BSE),
» Read More
