NewsIPOVMS TMT IPO Leads Grey Market with 22% Premium as Three Mainboard Issues Show Varied PerformanceVMS TMT IPO Leads Grey Market with 22% Premium as Three Mainboard Issues Show Varied Performance
VMS TMT, Euro Pratik Sales, and Ivalue Infosolutions are currently in different stages of their IPOs, each showing distinct subscription trends and grey market performances. VMS TMT leads with a 14.48 times oversubscription and a 22.22% grey market premium. Euro Pratik Sales has a modest 0.90 times subscription and a 0.40% premium. Ivalue Infosolutions, in its early stages, shows a 0.14 times first-day subscription with an 8.36% premium. These varied responses reflect diverse company profiles and current market sentiments towards new offerings.
*this image is generated using AI for illustrative purposes only.
In the current IPO landscape, three mainboard issues are showcasing diverse subscription trends and grey market performances. VMS TMT, Euro Pratik Sales, and Ivalue Infosolutions are at different stages of their initial public offerings (IPOs), each presenting unique market dynamics.
VMS TMT: Strong Grey Market Performance
VMS TMT, a manufacturer of Thermo Mechanically Treated (TMT) Bars, is leading the pack with an impressive grey market premium. The company's shares are commanding a premium of Rs 22.00 in the grey market, suggesting a potential listing price of Rs 121.00. This represents a substantial 22.22% premium over the upper price band of Rs 99.00.
Key highlights of VMS TMT's IPO:
- Price Band: Rs 94.00-99.00 per share
- Subscription Rate: 14.48 times oversubscribed
- Issue Size: Aims to raise Rs 148.50 crore through fresh shares
- Grey Market Premium: Rs 22.00 per share
Euro Pratik Sales: Modest Grey Market Response
Euro Pratik Sales, a company specializing in marketing decorative panels and laminates, is experiencing a more subdued response in the grey market.
Key points for Euro Pratik Sales' IPO:
- Price Band: Rs 235.00-247.00 per share
- Subscription Rate: 0.90 times
- Grey Market Premium: Rs 1.00 per share
- Potential Listing Price: Rs 248.00, representing a 0.40% premium
Ivalue Infosolutions: Early Days, Low Subscription
Ivalue Infosolutions, a provider of enterprise technology solutions, is in the early stages of its IPO process.
Notable aspects of Ivalue Infosolutions' IPO:
- Price Band: Rs 284.00-299.00 per share
- First Day Subscription: 0.14 times
- Grey Market Premium: Rs 25.00 per share
- Potential Listing Price: Rs 324.00, indicating an 8.36% premium
Comparative Analysis
| Company | Price Band (Rs) | Subscription Rate | Grey Market Premium (Rs) | Potential Listing Price (Rs) | Premium (%) |
|---|---|---|---|---|---|
| VMS TMT | 94.00-99.00 | 14.48x | 22.00 | 121.00 | 22.22% |
| Euro Pratik Sales | 235.00-247.00 | 0.90x | 1.00 | 248.00 | 0.40% |
| Ivalue Infosolutions | 284.00-299.00 | 0.14x (Day 1) | 25.00 | 324.00 | 8.36% |
The table above illustrates the differences in market reception for these three IPOs. VMS TMT stands out with its high subscription rate and strong grey market premium, while Euro Pratik Sales and Ivalue Infosolutions are seeing more muted responses.
As these IPOs progress, investors will be closely watching how the subscription rates evolve and whether the grey market premiums translate into strong listing day performances. The varied responses to these IPOs reflect the diverse nature of the companies and sectors they represent, as well as the current market sentiment towards new offerings.
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