Grey market hints at bumper listing for Netweb

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The share market is sailing high and amidst all that IPO market is also buzzing. 3 IPOs are available for bidding on the 18th July. One of them is from Mainboard and the rest 2 on SME.

So, let’s start with the mainboard IPO.

The mainboard IPO that is open for subscription is Netweb Technologies and it has got a really impressive response from investors which is visible through subscription figures as well as grey market premium. Netweb is in the business of supercomputing and private cloud. It’s price band is Rs 475-Rs 500 per share and the company will raise Rs 631 crore from IPO. In that, Rs 206 crore will be a fresh issue. By the time of writing this story, the IPO got subscribed 7.32 times. Its GMP is Rs 370 which implies a premium of 74%.

Let’s move on to the SME Board

The 1st one is Asarfi Hospital. It provides healthcare facilities in Jharkhand. The company is looking to raise Rs 26.94 crore and all of it will be a fresh issue. The company has a price band of Rs 52 – Rs 52 per share. It is open for subscription from 17th July to 19th July. Its GMP is also Rs 31 per share. This means the stock would open at a premium of close to 60%. Although in the IPO it seems the retail segment is more interested than other counterparts as Retail is subscribed close to 21 times while QIB is subscribed 3.14 times and NII is subscribed 5.4 times.  fi

One more IPO Is active on the SME board and that is Service Care. It is the last day of subscribing to the IPO and by the time of writing this story, the stock was subscribed 6 times. Where subscription of retail is close to 10 times. This company has GMP of Rs 10 per share which implies a premium of around 15%.