3 IPOs to pick from, but fatigue seen

Currently, three IPOs are open for subscription on the mainboard and response to them is just normal. It seems there is some fatigue in the market which is reflected in GMP and subscription numbers.

Still, there are plenty of opportunities for investors to try their luck in the primary market so let’s have a look.

 It is a port operatorof the JSW group which has grown at a rapid pace. It provides services like cargo handling, logistics etc. It gets a major chunk of its business from other companies in the group but it has also expanded to third parties at a rapid pace. The IPO will remain open from 25 September to 27 September. The company will raise a total Rs 2,800 crore and all of it will be a fresh issue. By the time of writing this story, it was fully subscribed. Its GMP is Rs 18 per share.

It is a company that provides Integrated Facilities Management (IFM), and Business Support Services(BSS). Although the business is good, there are issues due to financials. Its EBITDA margins have declined and its profit has also fluctuated. The IPO will also remain open from 25 September to 27 September. The company will raise a total Rs 640 crore and out of it Rs 400 crore will be a fresh issue. By the time of writing this story, it was subscribed 14%.

This company is in the business of jewelry. The IPO will remain open from 22 September to 26 September. The company will raise a total Rs 270.2 crore and out of it Rs 210 crore will be a fresh issue. By the time of writing this story, it was fully subscribed.