IPO listings today: View GMP of Tata Technologies IPO, Gandhar Oil Refinery IPO, Fedbank Financial Services IPO and Rockingdeals Deals Circular NSE SME IPO.
Tata Technologies IPO, Gandhar Oil Refinery IPO, Fedbank Financial Services IPO and Rockingdeals Deals Circular NSE SME IPO to be listed on the stock exchange today
IPO listings today: Shares of Tata Technologies, Gandhar Oil Refinery and Fedbank Financial Services will be listed on the BSE and NSE on Thursday, November 30. In addition, the Rockingdeals Circular SME IPO is also listed on the NSE SME today.
Update: 3 Blockbuster IPOs, 1 Muted: How IPO Listings Did Today, What Should Investors Do Now?
According to the latest GMP, Tata Technologies' IPO listing is expected to be the strongest among all the IPOs scheduled to go public today.
Tata Technologies' GMP or gray market premium currently stands at Rs 433, which represents a listing gain of almost 87 percent over the issue price of Rs 500. Tata Tech GMP is followed by Rocking Deals Circular's GMP of 64.29 percent, Gandhar Oil Refinery (43.20 percent), Flair Writing IPO (29.61 percent) and Fedbank Financial Services (zero).
The 'gray market premium' indicates that investors are willing to pay more than the issue price. It also indicates how much profit investors will make on the listing day. The GMP is based on market sentiment and continues to change.
Overall, given the solid general market sentiment and IREDA's excellent IPO listing on Wednesday, the three stock market debuts are expected to be strong, with the exception of Fedbank Financial Services. The Fedbank IPO GMP is currently zero, indicating that there are currently no gains on the listing.
Tata Technologies IPO, Gandhar Oil Refinery IPO, Fedbank Financial Services IPO and Rockingdeals Deals Circular NSE SME IPO will be listed on Thursday, November 30. However, Flair Writing Industries' IPO will list on Friday, December 1.
IPO listings today and their subscriptions
Tata Technologies IPO, which was opened for public subscription between November 22 and November 24, received a whopping 69.43 subscriptions. The price band for the offer was Rs 475-500 per share, which was rounded to Rs 500.
Gandhar Oil Refinery's IPO, which opened for public subscription between November 22 and 24, received a strong subscription of 65.63 times. The price band for the offer was Rs 160-169 per share.
Fedbank Financial Services IPO, which opened for public subscription between November 22 and 24, received a subscription of 2.24 times. The price band for the offer was Rs 133-140 per share.
Rocking Deals Circular IPO, which was opened for public subscription between November 22 and November 24, received a whopping 312.64 subscriptions. The SME price for the offer was fixed at Rs 140 per share.
Meanwhile, Flair Writing IPO, which opened for public subscription between November 22 and November 24, received a 49.28x subscription. The price range for the offer was Rs 288-304 per share. The listing is likely to take place on December 1.
Shares of state-owned Indian Renewable Energy Development Agency (IREDA) also made a fantastic debut on the stock exchanges on Wednesday. On the BSE and NSE, the shares were trading at an impressive Rs 50 per share, a 56 percent premium over the IPO price of Rs 32.