2 mainboard, 3 SME IPOs to raise Rs 616.82 cr this week: TechD Cybersecurity IPO GMP zooms

Kolkata: The IPO market in India is in a tizzy. Every week a few new issues are raising a lot of money from the market. The activity in the IPOs is in contrast to the secondary market which has lost its glitter compared to the Asian peers. Every week IPOs are being launched both in the mainboard and SME segments and almost all of them are being lapped up investors.

This week two mainboard issues and three SME issues are opening for bidding. Euro Pratik Sales IPO and VMS TMT IPO are the mainboard issues, while JD Cables, Sampat Aluminium and TechD Cybersecurity are the SME IPOs. the issue of TechD Cybersecurity if opening for bidding today. It is displaying a massive listing gain of 82.90% over the issue price. However, one has to remember that GMP (Grey Market Premium) is an unofficial gauge that changes with time. Also it cannot guarantee anything -- listing gain or loss.

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Issue size: Rs 451.31 crore

Issue consists of: Entirely 1.83 crore OFS shares

IPO open: Sept 16-18

Price band: Rs 235-247

Minimum lot size: 60 shares (for retail category)

GMP (morning of Sept 15): Nil

Listing gain indicated: NA

Allotment date: Sept 19

Listing date: Sept 23

Merchant bank: Rs Axis Capital crore

Registrar: MUFG Intime India

Issue size: Rs 148.50 crore

Issue consists of: Only 1.5 crore fresh shares

Price band: Rs 94-99

IPO open: Sept 17-19

Minimum lot size: 150 shares (For retail category)

GMP (morning of Sept 15): Rs 20

Listing gain indicated: 20.20%

Allotment date: Sept 22

Listing date: Sept 24

Merchant bank: Arihant Capital Markets

Registrar: Kfin Technologies

Issue size: Rs 95.99 crore

Issue consists of: Fresh issue of 0.56 crore shares and OFS of 0.08 crore shares

IPO open: Sept 18-22

Price band: Rs 144-152

GMP (morning of Sept 15): Rs 25

Listing gain indicated: 16.45%

Minimum lot size: 800 (for retail category)

Allotment date: Sept 23

Listing date: Sept 25

Merchant bank: GYR Capital Advisors

Registrar: MUFG Intime India

Issue size: Rs 30.53 crore

Issue consists of: Fresh issue of 0.25 crore shares

IPO open: Sept 17-19

Price band: Rs 114-120

GMP (morning of Sept 15): Rs 18

Listing gain indicated: 15%

Minimum lot size: 1200 (for retail category)

Allotment date: Sept 22

Listing date: Sept 24

Merchant bank: Marwadi Chandarana Intermediaries Brokers

Registrar: Cameo Corporate Services

Issue size: Rs 38.99 crore

Issue consists of: Fresh issue of 0.20 crore shares

IPO open: Sept 15-17

Price band: Rs 183-193

GMP (morning of Sept 15): Rs 160

Listing gain indicated: 82.90%

Minimum lot size: 600 (for retail category)

Allotment date: Sept 18

Listing date: Sept 22

Merchant bank: GYR Capital Advisors

Registrar: Purva Sharegistry (India)