“Top 3 IPO Opens Today: Three New IPOs Launch from Tuesday All Showing Profitable Trends in the Grey Market. Here’s What the GMP Says. The IPO wave continues this week as well. Starting Top 3 IPO Investment Today, On Tuesday, three new IPOs have opened for subscription Aditya Infotech Ltd, Laxmi India Finance Ltd, and Kaytex Fabrics Ltd. Of these, Aditya and Laxmi are being listed on the mainboard, while Kaytex is launching its issue through the SME segment.
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Notably, one of these IPOs is creating quite a buzz in the grey market, while the other two are also showing strong potential. Based on current Grey Market Premiums (GMP), all three IPOs could deliver significant listing gains to investors.
1. Aditya Infotech Ltd IPO Details
The Aditya Infotech Ltd IPO is open for subscription until July 31. The public issue is sized at ₹1,300 crore, with a price band of ₹640 to ₹675 per share. One lot consists of 22 shares, requiring a minimum investment of ₹14,850. A retail investor can apply for up to 13 lots. The company’s shares are expected to be listed on the stock exchange on August 5.
What’s the Grey Market Buzz?
The Aditya Infotech IPO is receiving strong interest in the grey market, indicating solid investor sentiment. As of 10 AM on Tuesday, the Grey Market Premium (GMP) stood at ₹255. This suggests that the stock could list at around ₹930 per share, reflecting a 37.78% premium over the upper price band of ₹675. If this trend holds, investors are likely to see strong listing gains.
2. Laxmi India Finance IPO
The Laxmi India Finance Ltd IPO has opened for public subscription with an issue size of ₹254.26 crore. Investors can place their bids until July 31. The price band has been set at ₹150 to ₹158 per share, with one lot comprising 94 shares. A minimum investment of ₹14,852 is required to apply for a single lot. Retail investors can apply for up to 13 lots. The company is expected to be listed on the stock exchange on August 5.
What is the GMP?
The Laxmi India Finance IPO is receiving decent support in the grey market, although its Grey Market Premium (GMP) has seen a decline in recent days. As of Tuesday morning at 10 AM, the GMP stood at ₹9. This indicates that the IPO could list at a premium of around 5.70%, potentially debuting at ₹167 per share.
3. Kaytex Fabrics Ltd
This IPO belongs to the SME segment, with an issue size of ₹69.81 crore. The last date to place bids is July 31. The price band is set between ₹171 and ₹180 per share. One lot consists of 800 shares, which requires a minimum investment of approximately ₹1.44 lakh. Retail investors can book a minimum of one lot and a maximum of two lots, meaning they need to invest between ₹1.44 lakh and ₹2.88 lakh.
What’s the Grey Market Status?
This IPO is also receiving strong support in the grey market. As of Tuesday morning at 10 AM, its Grey Market Premium (GMP) stood at ₹32. This indicates the IPO could list at around ₹212 per share, reflecting a premium of 17.78%. If this holds true, investors can expect a healthy profit on listing.
Should You Subscribe IPO?
There is significant investor enthusiasm around Aditya Infotech’s IPO. However, brokerage firm Bajaj Broking advises a cautious approach to subscribing. They highlight that the company boasts strong brand partnerships, consistent growth, and a robust distribution network. On the downside, the company’s valuation is on the higher side, and its return ratios with a Return on Equity (RoE) of 22% and Return on Capital Employed (RoCE) of 20% are moderate. These ratios indicate how effectively the company is generating profits for its investors.
Alert Disclaimer: The views and recommendations expressed in this analysis are those of individual analysts or brokerage firms, not of NBT. Investors are advised to consult certified financial experts before making any investment decisions, as market conditions are subject to rapid change. This is very high risk involved investment. Before investment ready to take risk.