IPO
There is a boom in the IPO market in the month of September. IPOs are opening one after the other. Many IPOs have also given bumper earnings to the investors. Bajaj Housing Finance IPO is on top among them. Three mainboard IPOs have opened this week, their names are Arcade Developers IPO, Northern Arc Capital IPO and Western Carriers (India) IPO. Investors can invest in these three IPOs till 19 September. Now the question arises that in which of these three IPOs will it be best to invest. Let’s know.
Experts bullish on Northern Arc Capital IPO
Stock market experts are the most bullish on the IPO of Northern Arc Capital among the three. Experts say that Northern Arc has a lot of potential to grow its loan portfolio by 5-10 times in the next 4-7 years. The valuation looks attractive, and if the NPAs remain low, this can definitely be a multi-bagger to hold on to post-issue.
What is going on GMP
1. Western Carrier India IPO
There is a lot of bullishness about Western Carrier India IPO in the grey market. According to stock market experts, the company’s shares are available at a premium of ₹ 58 in the grey market today. This means that Western Carrier India IPO GMP (grey market premium) is ₹ 58 today, which was ₹ 30 on Friday last week. Therefore, Western Carrier India’s IPO GMP has almost doubled from the subscription opening date. Market experts say that the positive trend on Dalal Street and the decisive response of primary market investors may be the reason for the rising trend in favor of Western Carrier India IPO.
2. Arkad Developers IPO
Investors are excited about the issue, as the grey market premium (GMP) of Arcade Developers IPO has increased from ₹70 to ₹86. Considering the upper price band of the IPO and the current grey market premium, the estimated listing price for Arcade Developers shares is ₹214, representing a 67.19 per cent premium over the issue price of ₹128.
3. Northern Arc Capital IPO
Northern Arc Capital share price is trading at a premium of ₹178 in the grey market. Considering the upper end of the IPO price band and the prevailing premium in the grey market, the estimated listing price of Northern Arc Capital shares was ₹441 per share, which is 67.68% higher than the IPO price of ₹263. The ‘grey market premium’ reflects the willingness of investors to pay more than the issue price.
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