1 day Ago By Avijit Ghosal
September has been one of the busiest months in terms of IPOs being offered to the Indian investors. As many as 8 IPOs will end on Thursday, September 19, 2024. These are Arkade Developers, Osel Devices, Northern Arc Capital, Pelatro, Western Carriers (India), Envirotech Systems, Deccan Transcon Leasing and Popular Foundations.
Therefore, today is the last opportunity for anyone to bid for any of these IPOs. Here we present the price of one equity share and the GMP (Grey Market Premium) on September 18. Arkade Developers: The price of an equity share of Arkade Developers has been fixed at Rs 128.
On September 18, the GMP stood at Rs 85, according to investorgain. Osel Devices: The price of one share of Osel Devices has been fixed at Rs 160 and the GMP was Rs 110 on Wednesday, September 18. Northern Arc Capital: The price of a share of this company has been fixed at Rs 263, while the GMP was Rs 202 on September 18, indicating a strong demand among investors.
Western Carriers (India): This company fixed the price of a share at Rs 172. The GMP recorded on Wednesday stood at Rs 50, indicating a positive listing gain. Deccan Transcon Leasing: The price of one equity share has been fixed at Rs 108, while the GMP was at Rs 55 on September 18, indicating strong listing gain for the stock.
Pelatro: Though this company has priced an equity share at Rs 200, the GMP was at Rs 0 on Wednesday, indicating no listing gain. Envirotech Systems: This share was priced at Rs 56. As far as the figures for September 18 are concerned the GMP was at Rs 0, indicating no listing gain for this stock.
Popular Foundations: The price of an equity share of Popular Foundations was fixed at Rs 37. The GMP of this IPO stood at Rs 0 on Wednesday, indicating no listing gain. The GMP figures were according to investorgain.
GMP provides an unofficial estimate and can vary with time. However, investors use it as a metric to gauge the listing gain they can make on an IPO. (Disclaimer: This article is only meant to provide information.
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