1171449 SIP myths you must know!

On Mainboard TVS Supply Chain Solutions got listed at a premium of just 5% on NSE. It opened on NSE at a price of Rs 207 per share. The issue price at the upper range was Rs 197 per share. Even during the subscription it did not get a huge response. The IPO was subscribed 2.85 times. The company raised a total Rs 880 crore rupees from IPO and out of this Rs 600 was fresh issue.

Besides this, there is one IPO on the mainboard that is currently open for subscription. That is Aeroflux Industries. The company is in the business of making hose. It is raising Rs 351 crore from IPO and out of that Rs 162 crore is fresh issue. The company has set a price band of Rs 102 to Rs 108 per share fro IPO. The IPO will remain open from August 22 to August 24. On second day it is subscribed 21.06 times. In the Grey market the share is enjoying a premium of Rs 72 per share.

Coming to SME space. One IPO got listed and it disappointed the investors and the listing happened at a discount. Shelter Pharma was listed on BSE at a share price of Rs 33.97 while the issue price was Rs 42 per share. This implies listing at a discount of 4.83%. However, during the bidding process, the company enjoyed a good response as it was subscribed more than 15 times. The company raised Rs 16 crore from IPO.

One IPO got closed on the SME board and that is Sungarner Energies. It is a small IPO as the company is looking to raise Rs 5.31 crore from IPO and its issue price is Rs 83 per share. By the time of writing this story the IPO was subscribed more than 152 times. In GMP it is enjoying a premium of Rs 17 per share.