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IPO Grey Market Premium (May, 2021 Messages)

IPO Grey Market is the over-the-counter market where deals are done in-person only among the trusted group of investors. The deals are usually facilitated by the broker in neighborhood. In this market, an investor could sell IPO share or IPO application before the company gets listed on the stock exchange.

IPO Grey Market Premium (IPO GMP) is the premium at which the IPO shares are traded in the grey market. Kostak Rate is the rate at which you can sell the IPO application for a fixed price irrespective to you get IPO allotment or not.

Note: The messages express the views of the author of the message. We do not actively monitor the contents of posted messages on this forum. We are not responsible for the contents of any messages posted. Do not vouch for or warrant the accuracy, completeness or usefulness of any message.

This page shows the archived IPO Grey Market Messages received in May, 2021

Current IPO Grey Market Premium in India  Grey Market FAQs


IPO Grey Market Discussion

May, 2021 Messages

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SumitR
6. SumitR  May 31, 2021 10:05:16 PM I Like It. | Report Abuse
Anyone selling grey market shares
Padali Srinivasan
5. Padali Srinivasan  May 24, 2021 4:38:51 PM I Like It. | Report Abuse
Dear friends, pl clarify the doubt.
On which date we should hold stock to claim the share holder''s quota in IPO?

Is it on the date of submission of DRHP to SEBI?

Is it on the date of approval of DRHP by SEBI?

OR Any other date?

Pl reply
Sarthak Deshmukh
5.1. Sarthak Deshmukh  Jun 11, 2021 2:32:24 AM I Like It. | Report Abuse
Actually its RHP Filling Day for many IPOs
But HDFC Group Came with DRHP FILLING Day
Padali Srinivasan
4. Padali Srinivasan  May 22, 2021 2:25:49 PM I Like It. | Report Abuse
Large NBFCs may tap equity markets in next 6-12 months
NBFCs are expected to scout for funds through various routes, including IPOs, capital markets, QIPs, and external commercial borrowings. mint
NBFCs are expected to scout for funds through various routes, including IPOs, capital markets, QIPs, and external commercial borrowings. mint
3 min read . Updated: 21 May 2021, 05:22 AM IST
As much as $3-4 billion is the tentative capital infusion required for NBFCs this year: experts
Padali Srinivasan
3. Padali Srinivasan  May 18, 2021 9:51:24 PM I Like It. | Report Abuse
Kolkata-based Shyam Metalics receives Sebi nod for Rs 1,107 crore IPO
Padali Srinivasan
2. Padali Srinivasan  May 17, 2021 5:32:46 PM I Like It. | Report Abuse
In May-June, investors in the primary market are going to get a great opportunity to earn. In the next 2 months at least 9 companies are going to launch their IPO. Many companies are launching IPOs to take advantage of the tremendous growth in the stock market and the overwhelming response from investors to public issues in the primary market.

The 9 companies that are planning to launch IPOs in the next 2 months include companies such as Dodla Dairy, India Pesticides, KIMS Hospital, Arohan Financial, Sona Comstar, Seven Islands, Glenmark Life Sciences, Shyam Metallics and ESAF Small Finance Bank.

Highlights of IPO of India Pesticides

Agrochemicals company India Pesticides will raise Rs 800 crore from the primary market through its IPO. For this IPO, the company will issue fresh shares worth Rs 100 crore and the existing investors of the company will issue shares worth Rs 700 crore through Offer for Sale (OFS). The company may bring in a pre-IPO placement of Rs 75 crore.

India Pesticides promoter Anand Swaroop Aggarwal will issue shares worth Rs 281.4 crore in this IPO. The company will use the funds raised from the fresh shares issued in this IPO to meet the needs of its working capital. Let us tell you that India is among the top 5 companies in the world producing Pesticides Folpet and Thiocarbamate Herbicide Chemical.

Highlights of the IPO of KIMS:

Krishna Institute of Medical Sciences (KIMS), the largest corporate healthcare group in Andhra Pradesh and Telangana, is also set to bring an IPO to raise funds. KIMS will issue fresh shares of Rs 200 crore for this IPO and 2,13,40,000 equity shares through promoters of the company and the existing Investor Offer for Sale (OFS).

For this IPO, General Atlantic Singapore KH PTE Ltd, the company investing in KIMS, will issue 1,38,80,000 shares. At the same time, the promoter of the company Bhaskara Rao Bollineni will sell 7.7 lakh shares. Apart from this, Rajyasri Bollineni, the second promoter of the company, will issue 11.6 lakh shares.

Highlights of Dodle Diary's IPO:

South India-based dairy company Dodla Dairy is going to launch an IPO of 800 crore rupees in May. It has received approval from market regulator SEBI. For this IPO, the company will issue fresh shares worth Rs 50 crore and the promoter and investor of the company will issue 1,00,85,444 equity shares through Offer for Sale (OFS).

Dodla Dairy has appointed ICICI Securities and Axis Capital as its lead managers for this IPO. The company will use the funds raised through the fresh issue issued in this IPO to meet the needs of Capital Expenditure with its debt offloading. The company has a presence in Andhra Pradesh, Telangana, Karnataka, Tamil Nadu and Maharashtra. Apart from this, the company also operates in Uganda and Kenya.

Arohan Financial's Rs 1800 crore IPO

NBFC Arohan Financial Company will launch an IPO of Rs 1750 to 1800 crore in the next one month. In this IPO, the company will issue a pressure share of Rs 850 crore. At the same time, the promoters of the company will issue 2,70,55,893 equity shares through Offer for Sale. The company will use the funds raised through this IPO to meet its future capital requirements.

Sona Comstar IPO is

set to launch an IPO to raise Rs 6000 crore from Sona BLW Precision Forgings, the country's largest auto parts manufacturing company, Sona BLW Precision Forgings. This IPO of Sona Comstar will be the largest public issue of any auto component making Indian company.

For this IPO, the company will issue a fresh share of Rs 300 crore. At the same time, 5700 crore rupees will be issued by the company's promoters and existing investors through Offer for Sale (OFS). In this IPO, 75% of the shares will be reserved for qualified institutional buyers (QIPs).

At the same time, 15% shares will be reserved for non-institutional investors and 10% shares will be reserved for retail investors. Let me tell you that the US private equity firm Blackstone has a 66% stake in Sona Comstar. While 34% stake in the company is owned by the chairman of the company, Sunjay Kapur.

Shyam Metalics to bring Rs 1107 crore IPO

Steel manufacturing company Shyam Metalics and Energy Ltd is set to launch an IPO next month to raise Rs 1107 crore. For this public issue, the company will issue fresh equity shares worth Rs 657 crore, while the promoters of the company and the existing investor offer for sale (OFS) will issue shares worth Rs 450 crore for this IPO.

The 657 crore rupees raised through this IPO will be used by the company to pay off the debt of itself and its associate company SSPL. Shyam Metalics has appointed ICICI Securities, Axis Capital, IIFL Securities, JM Financial (JM Financial) and SBI Capital (SBI Capital) as its lead managers for this IPO.

Seven Islands Shipping IPO

Seaborne logistics firm Seven Islands Shipping (Seven Islands Shipping) has also been approved by the market regulator SEBI. Seaway freight carrier Seven Islands is set to raise Rs 600 crore through an IPO. The company will issue fresh shares worth Rs 400 crore for this IPO. However, shares worth Rs 200 crore will be issued through Offer for Sale (OFS).

In this IPO, 50% of the shares will be reserved for qualified institutional buyers (QIPs). At the same time, 15% shares will be reserved for non-institutional buyers and 35% for retail investors. The company will soon finalize the date of launch of the IPO and the issue price and lot size of the shares for this.

Glenmark Life Sciences IPO

Another pharma company is preparing to make its presence felt in the stock market. Glenmark Life Sciences Ltd, a company producing active pharmaceutical ingredients (API), will launch its IPO. Glenmark Life Sciences Limited is a subsidiary of Glenmark Pharmaceuticals.

Glenmark Life Sciences will issue fresh shares worth Rs 1,160 crore for this IPO and 73,10,000 equity shares through Offer for Sale (OFS). Glenmark Pharma has a 100% stake in the company. Of the funds raised through fresh shares, Rs 900 crore will be used by the company to purchase API business. The remaining Rs 152.76 crore will be used to meet the needs of the capital expenditures.

ESAF Small Finance Bank IPO The

ESAF Small Finance Bank has also jumped into the race to launch an IPO in May-June. The company is going to launch an IPO to raise more than Rs 976 crore from the primary market. In this IPO, ESAF SFB will issue a pressure share of Rs 800 crore and shares of Rs 176 crore will be issued through the company's promoters and investors Offer for Sale. The company's IPO is likely to be launched in June 2021.
Padali Srinivasan
1. Padali Srinivasan  May 14, 2021 12:08:18 PM I Like It. | Report Abuse
Blackstone-backed Sona Comstar gets Sebi nod for Rs 6,000 crore IPO
Sona Comstar will utilise fresh issue proceeds for repaying debts and general corporate purposes.