Top News

Next week is going to be a busy one for investors investing in IPOs in India’s primary share market. Three new IPOs will open for subscription from July 14. Of these, two are issues of mainboard companies and one is an issue of the SME segment. The three IPOs aim to raise a total of around ₹11,980 crore. While the biggest issue is SBI Funds Management, Alpine Texworld and Millworks Technologies will also offer new opportunities for investors.

Market sources claim that the gray market premium (GMP) of SME company Millworks Technologies is more than 100%. This issue has attracted the attention of the market. However, investors should remember that GMP is only an unofficial market indicator and does not guarantee any share performance after listing.

Next week’s biggest IPO is SBI Funds Management. The issue will be available for subscription starting July 14 and ending July 16. The company has fixed a price range of ₹545 to ₹574 per share. A lot consists of 26 shares. Based on the maximum price, retail investors will have to invest around ₹14,924 to purchase one lot.

The issue is mainly being brought up through Offer for Sale (OFS) mode. Through this, the company plans to raise around ₹11,693 crore. According to information available in the market, the gray market premium for this IPO continues to be around 20%.

The second mainboard IPO was Alpine Texworld. The company operates in the textile processing industry. This issue also starts on 14th July and ends on 16th July. The company has fixed a price range of ₹100 to ₹105 per share. A lot consists of 142 shares. Investors will have to invest around ₹14,910 for one lot based on the maximum price.

This IPO is a completely fresh issue worth ₹126.25 crore. That is, new shares will be issued under this issue. As per the proposed schedule, the company’s shares may be listed on BSE and NSE on July 21.

The Millworks Technologies IPO in the SME segment will also open for subscription from July 14 and will be available till July 16. The company has fixed a price range of ₹315 to ₹331 per share. The issue aims to raise around ₹160.34 crore. The company plans to list its shares on the BSE SME platform.

Millworks Technologies Gray Market Premium is currently causing the most discussion in the market. According to available market indications, the company claims that GMP is more than 100%. This has increased the interest of investors. However, according to experts, it is not appropriate to take an investment decision based on GMP alone.