IPOs Today: The primary market is seeing a busy street today, since as many as nine IPOs are witnessing bidding today, September 24. Three of them — Jain Resources Recycling, Epack Prefab Technologies,
and BMW Ventures — opened today, September 24. Four IPOs — Solarworld Energy, Jaro Institute of Technology Management & Research, Seshaasai Technologies, and Anand Rathi Share — are witnessing second day of bidding. Two IPOs — Atlanta Electricals and Ganesh Consumer Products — are going to close today.
Subscription Status & GMP Of Nine Mainboard IPOs (As of 12:20 pm today):
| IPO Name | Subscription Status | GMP |
|---|---|---|
| Jain Resources Recycling (Day 1) | 0.05x | 12.07% |
| Epack Prefab Technologies (Day 1) | 0.07x | 9.8% |
| BMW Ventures (Day 1) | 0.06x | 2.02% |
| Solarworld Energy (Day 2) | 2.4x | 17.66% |
| Jaro Institute (Day 2) | 1.33x | 13.48% |
| Seshaasai Technologies (Day 2) | 1.73x | 17.73% |
| Anand Rathi Share (Day 2) | 0.76x | 10.39% |
| Atlanta Electricals (Day 3) | 7.39x | 16.45% |
| Ganesh Consumer Products (IPO 3) | 0.71x | 1.55% |
Day 1 IPOs
Three IPOs opened their bidding today, September 24. Jain Resources Recycling is seeing a modest subscription of 0.05x, with a grey market premium (GMP) of 12.07%. Epack Prefab Technologies has received slightly higher interest at 0.07x, and its GMP stands at 9.8%. BMW Ventures has recorded a subscription of 0.06x, with a GMP of 2.02%.
Day 2 IPOs
Four IPOs are in their second day of bidding. Solarworld Energy leads the pack with a subscription of 2.4x and a GMP of 17.66%. Jaro Institute of Technology Management & Research has garnered 1.33x subscription, with a GMP of 13.48%. Seshaasai Technologies is seeing good traction at 1.73x, and its GMP is 17.73%. Anand Rathi Share has recorded a subscription of 0.76x, with a GMP of 10.39%.
IPOs Closing Soon
Two IPOs are approaching their final day. Atlanta Electricals has attracted strong demand, with a subscription of 7.39x and a GMP of 16.45%. Ganesh Consumer Products currently has a subscription of 0.71x, and its GMP is 1.55%.
GMP Of Day 3 IPOs (Closing Today)
Atlanta Electricals IPO GMP Vs Ganesh Consumer Products IPO GMP
The Atlanta Electricals IPO GMP currently stands at 17.9% over the upper IPO price, indicating decent listing gains for investors. The price band of the Rs 687.34-crore IPO has been fixed at Rs 718 to Rs 754 apiece.
The Ganesh Consumer Products IPO GMP currently stands at just 2.8% over its upper IPO price, indicating a weak listing. The price band of the Rs 408.8-crore IPO has been fixed at Rs 306 to Rs 322 apiece.
