IPO listing next week: Dalal Street has been busy for the past few weeks as several companies are issuing their initial public offerings and subsequently getting listed on the stock exchanges, mainly the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The week starting December 20 is no exception as five IPOs are going to be listed on the stock exchanges during this period. Additionally, as per reports, three IPOs are also scheduled to open between December 20 and December 21. These include Vivo Collaboration Solutions Limited IPO, CMS Info Systems Limited IPO and BrandBucket Media & Technology Limited IPO.
Shriram Properties in IPO to be listed on stock exchanges next week mapmyindia, Metro Brands, Medplus Health Services and data patterns. All these companies had released their public issue earlier this month and have received a strong response from the bidders.
Let’s take a detailed look at five IPOs to be listed next week
MapMyIndia IPO: The CE Infosystems IPO, popularly known as the MapmyIndia IPO, opened from December 9 to December 13 and is scheduled to be listed on Wednesday, December 22. The provider of advanced digital maps, geospatial software and location-based IoT technology’s first public offering received a strong response from bidders and was subscribed 155 times. The unlisted shares of MapmyIndia IPO were trading at Rs 950 in the gray market, which is 91 per cent higher than its issue price of Rs 1,000 to Rs 1,033.
Shriram Properties IPO: Shriram Properties’ IPO was subscribed to 4.6 times its issue size but the gray market premium of the offer did not bode well for the bidders. The stock of Shriram Properties was charging a premium of Rs 15 in the gray market, which is just 12 per cent higher than the issue price of Rs 113-118. The IPO, which opened between December 8 and 10, will hit the market on Monday, December 20.
Metro Brand IPO: Metro Brands Ltd, backed by ace investor Rakesh Jhunjhunwala, is set to make its stock market debut on December 22, after opening for the public between December 10 and December 14. The issue price band was fixed at Rs 485-500 per equity share. , while the unlisted shares were trading at Rs 535 in the gray market. This was a premium of Rs 35, or 7 per cent, at the upper end of the price band. The IPO of Metro Brands is expected to raise Rs 1,367 crore. The bidders had oversubscribed the issue by 3.64 times.
Medplus Health Services IPO: MedPlus Health Services Limited, the second largest pharmacy retailer in India, opened its initial public offering (IPO) between December 13 and December 15. The issue, booked 52.6 times by the bidders, received an overwhelming response from the qualified institutional buyers category. , The QIB portion was booked at 111.9 times, while the non-institutional buyers and retail investors had booked 85.33 times and 5.2 times the portion earmarked for them. Medplus IPO GMP stood at Rs 250 per share, which is 31 per cent higher than the issue price of Rs 780-796 per equity share. The shares are going to be listed on the stock market on Thursday, December 23.
Data Pattern India IPO: Data Patterns IPO was receiving a high gray market premium before getting listed on BSE and NSE next week. The stock, which was booked over 119 times its total issue size, received an overwhelming response from the bidders. Data Pattern IPO GMP stood at Rs 450, up 77 per cent from its issue price of Rs 555-585 per equity share. These shares are going to be listed on Thursday, December 24.
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