Upcoming IPO listings enjoying good GMP

First one is Khazanchi Jewellers. It has an issue price of Rs 140 per share. IPO will remain open for subscription from 24th July to 28th July. The company will raise a total Rs 97 crore from the IPO. On the first day, the IPO got subscribed 4% until 12:15 pm. The company will use the capital raised from the IPO for capital expenditure and working capital needs. Its GMP is Rs 3 per share which implies listing at a premium of 2.14%. The company is in the business of producing and selling jewellery. In the last three years, its profit has increased at 48.56% CAGR from Rs 2.3 crore to Rs 7.56 crore.

Next company is Yasons Chemex Care. It has an issue price of Rs 40 per share and will remain open for subscription from 24th July to 26th July. The company is looking to raise Rs 20.57 crore from the IPO. On the 1st day until 12:15 pm the IPP got subscribed 60%. Meaning there is a better response in this IPO as compared to Khazanchi Jewellers. The company is in the business of FMCG products, dyes and pigment paste. Its GMP is Rs 9 per share which implies opening at a 22.5% premium. Its profit in the last 3 years has increased at a CAGR of 43.76%

Besides this, there are three IPOs that will be listed in the secondary market this week. In SME space Service care will be listed on 26th July. It got subscribed 6.44 times and its GMP is Rs 4 per share. This implies opening at a premium of close to 6%.

Next is Asarfi Hospital. It got subscribed more than 195.14 times and it will get listed on 27th July. The company is trading at a GMP of Rs 34 per share, this implies listing with a premium of 65.38%.

One IPO will get listed on the mainboard on 27th July. That is Netweb Technologies. It got a subscription of 90.55 times. The company has a GMP of Rs 368 per share which implies a listing of more than 73%.