Now Reading: Three IPOs set for listings, allotments this week
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Three IPOs set for listings, allotments this week
Three IPOs from different sectors are approaching key milestones. Gaja Alternative Asset Management's IPO, priced at Rs 152-160 and subscribed 16.57 times, will list on 26 August. Grey market premium (GMP) of Rs 14 suggests a listing price of Rs 174, an 8.75% premium.
Lalithaa Jewellery Mart's Rs 1,700-crore IPO, subscribed 66.63 times, is set to debut on 24 August with a GMP indicating a listing price of Rs 260, a 29.35% premium over the issue price of Rs 201. Shankesh Jewellers IPO allotment will be finalised on 21 August, its GMP of Rs 5 points to a listing price of Rs 98 on 25 August, a 5.38% premium.
All three IPOs saw strong subscription, with Lalithaa Jewellery leading at 66.63 times overall and its QIB portion subscribed 154 times. Gaja Alternative's retail portion was subscribed 8.18 times, while Shankesh Jewellers saw total subscription of 2.80 times.
Indian Opinion Analysis
All three sources are from livemint.com and present straight market data without editorial slant. The coverage focuses on subscription numbers, GMP trends, and listing dates, treating each IPO as a factual event. No source criticises the issuers or regulators. The uniformity suggests these are wire-style reports aimed at investors seeking concrete figures. Readers should note that GMP is an unofficial, volatile indicator and not a guarantee of listing performance. The real test will be the listing-day price action for each stock on its respective date.
Coverage: 3 sources, 3 neutral
Sources (3): livemint.com (neutral report), livemint.com (2) (neutral report), livemint.com (3) (neutral report)
This story was synthesised by AI from the 3 sources linked above. Methodology and corrections.
Updated: this story now draws on 3 sources.
