IPO Market Today: Three new IPOs are opening in the primary market on Wednesday. These are the IPOs of TBO Tech, Aadhar Housing Finance and TGIF Agribusinesses. Of these, there are mainboard IPOs of TBO Tech and Aadhaar Housing. Apart from this, the IPOs which are already open include Slickflex Polymers, Finalistings Technologies, Winsol Engineering, Refractory Shapes and Indigene. Let us know how much profit the IPOs opening today are giving in the gray market.
Aadhar Housing Finance IPO
The Rs 3,000 crore IPO of Aadhar Housing Finance is opening today i.e. 8th May and will close on 10th May. The listing of shares will take place on May 15. In the gray market, the company’s shares were seen trading at a premium of Rs 70 against the issue price of Rs 315. In this way, the shares can be listed at Rs 385 with a premium of 22.22 percent.
Raised Rs 898 crore from anchor investors
Aadhaar Housing Finance Ltd. It has raised Rs 898 crore from big anchor investors a day before the opening of the IPO. According to a circular issued on the BSE website, private equity company Blackstone-backed Aadhar Housing Finance has decided to issue 2.85 crore equity shares to 61 institutional investors. The upper limit of share price band will be issued at Rs 315 per equity. At this price the company has raised Rs 897.98 crore. Anchor investors include Morgan Stanley Asia (Singapore) Pte Ltd, Amundi Funds, Neuberger Berman Emerging Markets Equity Fund, Thelem India Master Fund, SBI Life Insurance Company, ICICI Prudential Life Insurance Company, HDFC Mutual Fund (MF), ICICI Prudential MF, Axis Mutual Fund and Quant MF are included.
TBO Tek IPO
TBO Tech’s IPO of Rs 1550.81 crore is opening today i.e. 8th May and will close on 10th May. The listing of shares will take place on May 15. In the gray market, the company’s shares were seen trading at a premium of Rs 530 against the issue price of Rs 920. In this way, the shares can be listed at Rs 1450 with a premium of 57.61 percent.
TGIF Agribusiness IPO
The IPO of Rs 6.39 crore of TGIF Agribusinesses is opening today i.e. 8th May and will close on 10th May. The listing of shares will take place on May 15.
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