Kolkata: Today as many as three IPOs will begin the public bidding process. Kalpataru IPO, Ellenbarrie Industrial Gases IPO and Globe Civil Projects IPO are all signaling a positive GMP on the morning of the first day of bidding. The highest listing gain is displayed by the Globe Civil Projects IPO GMP. Bidding for all the issues close on June 26 and all will be listed on July 1, 2025
However, it must be borne in mind that GMP or Grey Market Premium is an unofficial gauge that changes with time and guarantees nothing — listing gain or loss. However, investors attach considerable significance to it as a measure of investor enthusiasm centering an IPO.
The GMP of Kalpataru IPO stood at Rs 5 on Tuesday morning according to investorgain, indicating a listing gain of 1.21%. The Kalpataru IPO is designed to raise Rs 1,590.00 crores through issue of only fresh shares. The IPO will close on June 26. Kalpataru IPO price band is set at Rs 387-414. The minimum investible lot size for a retail investor is 36, which needs an application money of Rs 14,904 at the upper end of the price band. The Kalpataru IPO allotment date is June 27, 2025. Listing is expected in NSE and BSE on July 1, 2025.
The Ellenbarrie Industrial Gases IPO GMP was recorded at Rs 7 on the morning of Tuesday, June 24 by investorgain. It signaled a GMP of 1.75%. The Ellenbarrie Industrial Gases IPO wants to mop up Rs 852.53 crores from the market through a combination of fresh issue and OFS (Offer For Sale) amounting to Rs 400.00 crores and Rs 452.53 crores respectively. The bidding will end on June 26. The allotment for the Ellenbarrie Industrial Gases IPO is set to be conducted on June 27 and the listing is expected on the BSE and NSE on July 1, 2025. The price band is Rs 380-400 per share. The minimum lot size for an application is 37 which calls for an application money of Rs 14,800 at the upper end of the price band.
The Globe Civil Projects IPO GMP stood at Rs 15 on Tuesday morning which signaled a listing gain of 21.13%. While the GMP of the two above IPOs crept down over the past few days, the GMP of this issue gradually rose during the past few days. The Globe Civil Projects IPO wants to raise Rs 119.00 crores through fresh shares only. The bidding process will close on June 26 and allotment of shares is set to take place on June 27. The listing date is July 1. The price band is Rs 67-71 and the minimum investible lot has 211 shares. This means a minimum amount of Rs 14,981 will be needed to bid.
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