IPO Next Week GMP : 2 IPOs being launched in the last week of February are currently making waves in the gray market. Both these IPOs will open for subscription on 27th February and will close on 29th February. The listing of both these IPOs will also take place on the same day on March 5. One of these electric vehicle charger manufacturing companies is Exicom Tele-Systems Limited. Whereas, the other company is former Flexipack. Let us know about these two IPOs in detail.
Exicom Tele-Systems Limited (Exicom Tele-Systems IPO)
This IPO will open for subscription on 27th February and will close on 29th February. The company has fixed the price band in the IPO at Rs 135 to Rs 142 per share. The company wants to raise Rs 429 crore through this IPO. This IPO is opening for anchor investors on 26th February. There will be a fresh issue of Rs 329 crore in this IPO. Also, shares worth Rs 70.42 crore will be under offer for sale by promoter NextWave Communications. Investors can bid for a minimum of 100 equity shares and multiples thereof.
What is GMP?
Shares of Exicom Tele-Systems Limited were seen trading at a huge premium in the gray market on Saturday. It appeared to be trading at a premium of Rs 130 compared to the IPO issue price of Rs 142. In this way, this share can be listed at Rs 272 with a premium of 91.55 percent.
Purv Flexipack NSE SME IPO
This NSE SME IPO will open on 27th February and close on 29th February. The price band in the IPO is Rs 70 to Rs 71 per share. The lot size in this IPO is 1600 shares. Investors can bid for a minimum of 1 lot and multiples thereof. This IPO is worth Rs 40.21 crore.
What is GMP?
Shares of Purva Plexipak were seen trading at Rs 125 compared to the issue price of Rs 71 in the gray market on Saturday. In this way, this share can be listed on the stock exchanges at Rs 196 with a premium of 176 percent.
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