Afcom Holdings IPO : If you invest in IPO by looking at the grey market premium i.e. GMP, then there is good news for you. A stock is making a splash in the grey market. This is the stock of FCom Holdings. The IPO of FCom Holdings is going to open for subscription from today i.e. 2 August. You can subscribe to this IPO till 6 August. This is an SME IPO. The price band in the IPO has been fixed at Rs 108. At the same time, one lot is of 1200 shares. That is, you will have to invest at least Rs 1,29,600 in this IPO. The company wants to raise Rs 73.83 crore through this IPO.
Explosion in the grey market
In the grey market, the stock of Fcom Holdings is seen trading at a bumper premium. On Friday morning, the stock was seen trading at a premium of Rs 115 against the issue price of Rs 108. In this way, the company’s stock can be listed on the stock exchanges at Rs 223 with a premium of 106.48 per cent.
What does the company do?
Fcom Holdings deals in cargo transportation at airports. The company was established in February 2013. Apart from India, Fcom Holdings has general sales and service agents in Hong Kong, Singapore, Japan, Thailand, China, South Korea and Taiwan. The company transports goods on an airport to airport basis.
These two IPOs are also opening
Apart from Fcom Holdings, 2 more IPOs are opening today. Picture Post Studio’s SME IPO will also open today. This stock is seen trading at a premium of 70 percent in the gray market. At the same time, Ola Electric’s Rs 6145.56 crore mainboard IPO is also coming today. Ola Electric’s stock was seen trading at a premium in the gray market on Friday. The company’s stock was seen trading at a premium of Rs 13 against the issue price of Rs 76.
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