Initial public offerings (IPOs) of two large companies were launched in the last trading week. These companies are Venus Pipes & Tubes and Delhivery. The investors who have bet on the IPO of these two companies are waiting for listing in the stock market. Let us know on the basis of gray market premium i.e. GMP, how these two companies get response in the stock market.
Venus Pipes & Tubes: Talking about the GMP of this IPO, it is Rs 30. This means that investors can get a profit of up to Rs 30 per share. The share allotment date for Venus IPO is May 19. Investors will get the refund on May 20.
The listing date for Venus Pipes & Tubes IPO is May 24. Venus Pipes has fixed a price range of Rs 310-326 per share for its IPO of 50,74,100 equity shares. Venus Pipes & Tubes had raised Rs 49 crore from anchor investors.
Delhivery: Supply chain company Delhivery’s IPO has a very modest GMP. The GMP of the company is Rs. Delhivery had fixed a price range of Rs 462-487 per share for its issue of Rs 5,235 crore. Delhivery on Tuesday raised Rs 2,347 crore from anchor investors.
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Under the IPO, fresh shares worth up to Rs 4,000 crore have been issued and existing shareholders of the company have come out with offers for sale (OFS) of up to Rs 1,235 crore. The equity shares of Delhivery will be listed on BSE and NSE.
