Monday is a very important day for investors. Money may rain down on them on that day. We say this because Monday is a very important day for the primary market. On that day, IPOs of three big companies will be listed in the market. These IPOs have already created a huge buzz in the grey market and are now all set to make a big entry in the market. This includes the IPO names of Bajaj Housing Finance, Tollins Tyres and Cross Limited.
Bajaj Housing Finance can generate 115 percent profit
Bajaj Housing Finance’s IPO will be listed on Monday, September 16. The company had set a target of raising Rs 6,560 crore through this IPO. Of this, Rs 3,560 crore has been released through fresh issue. Shares worth Rs 3,000 crore were issued under the offer for sale. The company had fixed the price band of the shares between Rs 66 and Rs 70 per share.
signs of strong gains
Talk of GMP going for IPO indicates strong gains. The company’s shares are holding a premium of Rs 81 over GMP i.e. 115.71 per cent on Saturday, September 15. If this situation persists till the listing day, the stock may trade at Rs 151 on NSE and BSE. The company allotted shares to investors on Friday.
tolins ipo tires
The IPO of Tollins Tyres opened between September 9 and 11. Its listing is also scheduled for Monday, September 16. In the IPO, the price band of the company was set between Rs 215 and Rs 226. The size of this IPO is Rs 230 crore. In this regard, new shares worth Rs 200 crore and shares worth Rs 30 crore have been issued under offer for sale.
Talking about the company’s performance in the grey market, it remains at a GMP of Rs 30. In such a situation, if this situation persists till the listing day, then the stock can be quoted at Rs 256 per share with a premium of 13.27 per cent. This IPO has been subscribed up to 25.03 times.
Limited Cross IPO
Cross Limited’s IPO was also opened between September 9 and 11. Its listing will take place on September 16. The price band for the IPO was between Rs 228 and Rs 240. In this IPO, new shares worth Rs 250 crore and equity shares worth Rs 250 crore were issued as offer for sale. The listing of shares will take place on BSE and NSE.
As for its GMP, the company’s shares are showing good gains in the grey market. On Saturday, September 14, the company’s shares were trading at a premium of Rs 24.50 GMP i.e. 10.21 percent. Shares were issued in the IPO at Rs 240. If the situation persists till the listing day, the shares can be quoted at Rs 264.50.
