Business Standard ·
Economy, business and finance
IPO GMP check: LCC leads, Manipal Payment lags as 6 offers gear up to list
Among the six IPOs listing on Thursday, LCC Projects has the highest GMP at ₹46.
With six mainboard IPOs set to list on Thursday, September 17, investors are closely tracking grey market premiums ahead of listing. Among the six issues, LCC Projects has the highest GMP at ₹46, followed by Karamtara Engineering at ₹40, while Manipal Payment & Identity Solutions has the lowest GMP, indicating a ₹10 discount to its issue price. Rentomojo, Steamhouse India and Asset Reconstruction Company (India) are also showing positive GMPs.
Karamtara Engineering IPO’s GMP was ₹40 as of 02:17 PM. With the upper price band of ₹254, Karamtara Engineering IPO's estimated listing price is ₹294. The expected gain is that of 15.75 per cent.
The offer received bids for 159.17 crore shares as against 54.43 lakh shares on offer. The issue was subscribed 62.63 times.
The price band of the IPO is fixed between ₹241 and ₹254 per share. An investor can bid for a minimum of 59 equity shares and multiples thereof.