Stock exchange listings next week: Dalal Street has been busy for the past few weeks as several companies launched their initial public offerings and then went public, primarily on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). The week starting December 20 is no exception as five IPOs are expected to be listed on the stock markets during that time. Additionally, three IPOs are also expected to open between Dec. 20 and Dec. 21, according to reports. These include the IPO of Vivo Collaboration Solutions Limited, the IPO of CMS Info Systems Limited and the IPO of Brandbucket Media & Technology Limited.
IPOs expected to list next week on the stock exchanges include Shriram Properties, MapmyIndia, Metro Brands, MedPlus Health Services and Data Patterns. All of these companies had launched their public offering earlier this month and received a strong response from bidders.
Let’s take a closer look at the five IPOs that are expected to list next week.
MapmyIndia IPO: CE Infosystems IPO, better known as MapmyIndia IPO, was opened from December 9 to 13 and is expected to be listed on Wednesday December 22. The provider’s first public offering of advanced digital maps, geospatial software and location-based IoT technologies received a strong response from bidders and was subscribed 155 times. MapmyIndia IPO’s unlisted shares were trading at Rs 950 on the gray market, 91% more than its issue price of Rs 1,000 to Rs 1,033.
Shriram Properties IPO: Shriram Properties’ IPO was underwritten 4.6 times the size of its issue, but the gray market premium of the bid was not favorable to bidders. The Shriram Properties share obtained a premium of Rs 15 on the gray market, which is only 12% higher than the issue price of Rs 113-118. The IPO, which was opened from December 8 to 10, will debut on the market on Monday, December 20.
IPO of the Metro brands: Metro Brands Limited, backed by prominent investor Rakesh Jhunjhunwala, is expected to debut on the stock exchange on December 22, after opening to the public between December 10 and December 14. The issue price range has been set at Rs 485-500 per share. , while on the gray market, unlisted stocks traded at Rs 535. This was a premium of Rs 35 at the high end of the price range, or 7%. Metro Brands IPO is expected to pay off Rs 1,367 crore. The bidders had oversubscribed the issue 3.64 times.
MedPlus Health Services IPO: Medplus Health Services Ltd, the second largest pharmacy retailer in India, opened its initial public offering (IPO) between December 13-15. . QIB share was registered 111.9 times, while non-institutional buyers and retail investors registered 85.33 times and 5.2 times their reserved share. MedPlus IPO GMP stood at Rs 250 per share, 31 percent higher than the issue price of Rs 780-796 per share. The shares are expected to go public on December 23, Thursday.
Data Patterns India IPO: Data Patterns IPO was fetching a high gray market premium ahead of its BSE and NSE listing next week. The stock, which was booked over 119 times its total issue size, received a stellar response from bidders. Data Patterns IPO GMP stood at Rs 450, 77 percent higher than its issue price of Rs 555 to 585 per share. The shares are expected to be listed on December 24, Thursday.
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