Four IPOs are currently in the market, offering investors a mix of opportunities across jewellery retail, media and entertainment, and industrial warehousing. Shankesh Jewellers and Sunshine Pictures opened for subscription on Tuesday, 18 August, while Horizon Industrial Parks and Lalithaa Jewellery Mart entered their second day of bidding.
Subscription trends so far show a clear divergence in investor appetite: Sunshine Pictures and Lalithaa Jewellery Mart are attracting stronger demand, while Shankesh Jewellers and Horizon Industrial Parks have seen a more measured response.
The Horizon Industrial Parks IPO, which opened on 17 August, entered Day 2 of bidding on 18 August. The ₹2,600-crore issue had received 19% subscription as of 15:09 IST, with bids for 4.78 crore shares against 25.14 crore shares on offer.
Let's take a look at the issue details and grey market premium (GMP) trends on today:
Shankesh Jewellers IPO GMP today is +3.5. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of the Shankesh Jewellers share price was ₹96.5 apiece, which is 3.76% higher than the IPO price of ₹93.
Based on grey market activity over the past 9 sessions, the existing GMP of ₹3.5 suggests a pessimistic trend. Throughout this timeframe, the GMP fluctuated, hitting a low of ₹0.00 and peaking at ₹8, as per expert analysis.
Sunshine Pictures IPO GMP today is +75. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of the Sunshine Pictures share price was ₹435 apiece, which is 20.83% higher than the IPO price of ₹360.
Considering the grey market performance over the past eight sessions, the GMP for the IPO is rising today, suggesting expectations for a robust listing. Throughout this timeframe, the GMP fluctuated between ₹0.00 and ₹75, as noted by analysts.
Horizon Industrial Parks IPO GMP today is +1.25. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of the Horizon Industrial Parks share price was ₹61.25 apiece, which is 2.08% higher than the IPO price of ₹60.
According to grey market trends over the past week, the current GMP of ₹1.25 suggests a pessimistic outlook. Over this timeframe, the GMP fluctuated between ₹0.00 and ₹4.50, according to analysts.
Lalithaa Jewellery IPO GMP today is +33. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of the Lalithaa Jewellery share price was ₹234 apiece, which is 16.42% higher than the IPO price of ₹201.
Considering grey market movements in the past nine sessions, the IPO's GMP shows an upward trend today, suggesting optimistic expectations for a robust listing. Throughout this period, the GMP fluctuated between a minimum of ₹0.00 and a maximum of ₹41, according to expert opinions.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Dhanya Nagasundaram works as a Content Producer at LiveMint, specializing in news related to financial markets, stocks, and business. With over eight years of experience in journalism and content creation, she has honed her skills in data-driven reporting and market analysis. Her focus is on monitoring stock trends, initial public offerings (IPOs), corporate news, policy shifts, and larger economic trends that affect investors and market players.
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At LiveMint, Dhanya consistently writes and produces articles that make complex financial topics accessible to readers. She keeps a close eye on equity markets, commodities, and macroeconomic indicators, assisting audiences in comprehending how global and domestic events influence investment perspectives. Her stories frequently underscore emerging trends within sectors, the IPO market, company earnings results, and market strategies pertinent to both retail and institutional investors.
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Before her tenure at LiveMint, Dhanya accumulated a wealth of professional experience at various companies, including MintGenie, Informist, Cogenics, Chary Publications, KPMG, and the Royal Bank of Scotland. These positions allowed her to establish a solid foundation in financial research, reporting, and content creation.
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Throughout her career, she has explored numerous subjects such as trading strategies, commodities, IPOs, wealth generation, corporate profits, and macroeconomic indicators. Her background in both financial journalism and corporate settings has given her the ability to tackle stories with analytical rigor while ensuring clarity for her audience. Through her contributions, Dhanya strives to deliver insightful, trustworthy, and investor-centric financial content.
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