Investors are closely watching the initial public offerings (IPOs) of Lumino Industries, Priority Jewels, and ESDS Software Solution as they near their respective listing dates. The ESDS Software Solution IPO is currently leading in terms of implied listing gain, with a grey market premium of Rs 335 as of August 31.
This translates to an estimated listing price of Rs 764 and a potential listing gain of 78.09%. Lumino Industries is close behind, with a grey market premium of Rs 54 and an estimated listing gain of 65.85%.
The Priority Jewels IPO has been subscribed 21.23 times as of August 31, with a grey market premium of Rs 45 and an estimated listing gain of 22.50%. The Lumino Industries IPO has been subscribed 50.48 times as of August 31, with a minimum application lot of 182 shares requiring a minimum retail commitment of Rs 14,924.
They have a minimum bid of 34 shares requiring a retail investment of Rs 14,586. The issue sizes and structures of the three IPOs vary, with ESDS Software Solution offering a 100% fresh issue worth Rs 720 crore.
Based on the latest grey market premiums, ESDS Software Solution has the highest implied listing upside and potential per-lot gain among the three IPOs. The estimated per-lot gain for ESDS Software Solution is Rs 11,390, followed by Lumino Industries at Rs 9,828 and Priority Jewels at Rs 3,375.
Investors should note that grey market premiums are unofficial and subject to market volatility. It’s essential to evaluate business fundamentals, financial valuation, and overall market sentiment before making an investment decision.
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The listing dates are scheduled for September 3 for Lumino Industries and September 4 for ESDS Software Solution and Priority Jewels. Investors should keep a close eye on the market trends and updates to make the most of these IPOs.
In comparison to other recent IPOs, the grey market premiums of these companies indicate a strong demand for these issues. However, investors should be cautious and consider various factors before investing, as the IPO market can be volatile.
For instance, the multi-cap fund top holdings involve various risks, and investors should carefully evaluate the company’s financials, management, and industry trends before making a decision.
The ESDS Software Solution IPO is expected to close on September 1, followed by the allotment of shares on September 2. The listing of shares on the BSE and NSE is scheduled for September 4.
They are waiting for the outcome.
