After its eventful IPO, Puravankara Projects listed today on the stock markets. The Listing price of Puravankara Projects IPO was Rs. 363. After touching a high of Rs. 390, Puravankara Projects ended its debut day at Rs. 362, down about 10% from its IPO issue price of Rs. 400 per share. The price band of Puravankara Projects IPO had to be revised to get the IPO fully subscribed.
In one of my previous post regarding the take solutions IPO listing Date, I had mentioned that I expect Take Solutions to list at around Rs. 900. My expectation was spot on. Take solution listed at around Rs. 900 (900 on BSE and 880 on NSE). After hitting a high of Rs. 925, Take solution share prices have now settled at Rs. 890 after hitting a low of Rs. 831.
KPR Mills IPO will list on the stock exchanges next week. The KPR Mills IPO Listing Date as announced by the stock exchanges is Tuesday, 28th August 2007. KPR Mills is expected to list at a discount to its IPO issue price. Investors who applied in the KPR Mills IPO for listing gains should consider selling the shares, on listing inorder to minimise their losses.
TAKE Solutions IPO will list on the stock exchanges early next week. The TAKE Solutions IPO listing date as announced by the stock exchanges is Monday, August 27, 2007. Based on the grey market premium which TAKE Solutions IPO is presently commanding, the listing price of TAKE Solutions is expected to be around Rs. 900 per share.
The Asian Granito IPO listed today on the stock markets. Asian Granito witnessed high volatility. The Asian Granito (AsianTiles) IPO Listing Price was Rs. 99.90. It soon touched a high of Rs. 107.65 and from there on the share prices started falling and it touched a low of 82.25. However Asian Granito recovered significantly from there and closed the day at Rs. 94.20, down by over 2.75% on the IPO issue price of Rs. 97.
Take Solutions IPO which got heavily oversubscribed, is expected to list on the Indian stock markets sometime next week. As we near the listing of Take Solutions IPO, the grey market for IPO’s in Ahmedabad is buzzing with activity with lot of people buying shares of take solutions in the grey market, expecting it to list at a huge premium. The current take solutions IPO grey market premium is between Rs. 200 – Rs. 210 in the Ahmedabad grey markets.
After its successful IPO, Central Bank of India listed today on the stock exchanges. Central Bank listed at Rs. 131.75 and soon touched a high of 135. However, Central Bank could not sustain the gains since the markets started falling with banks and realty stocks leading the market meltdown. Central Bank closed the day at Rs. 115 after touching a low of Rs. 114. Central Bank IPO was heavily oversubscribed and the IPO issue price was fixed at the higher end of the IPO price band at Rs. 102.
SEL Manufacturing seems to have made a great debut today on the stock markets. After listing at Rs. 95, the share prices of SEL Manufacturing Company fell below its IPO issue price of Rs. 90, touching a low of Rs. 87.25. However, the share prices zoomed from there on and touched a high of Rs. 173, in a falling market. SEL Manufacturing ended the day at Rs. 144.75, a premium of 61% over its IPO issue price.
The Motilal Oswal IPO has performed extremely well in the very first day of subscription itself. The Motilal Oswal IPO got oversubscribed in a few hours of the IPO opening for subscription. Overall, the Motilal Oswal IPO has been subscribed by about 2 times (oversubscribed 1 times). Institutional investor category has been subscribed by about 4 times. Looking at the subscription figures one gets the feeling that the Motilal Oswal IPO is bound to provide excellent listing gains for investors applying in the IPO. However, investors investing for listing gains should consider the volatility in the markets before making their decision on investing in the Motilal Oswal IPO.
After a very successful IPO, Zylog Systems will list on the stock exchanges this week. The Zylog Systems IPO listing date, as announced by the stock exchanges, is friday, 17th August 2007. The Zylog Systems IPO is expected to provide huge listing gains since the IPO was very heavily oversubscribed. The Zylog Systems IPO was subscribed by over 76 times.
The Central Bank of India IPO got oversubscribed in the first few hours of opening for subscription today. At present the Central Bank of India IPO is subscribed by 2.26 times (oversubscribed by 1.26 times). The Central Bank of India IPO is likely to provide excellent gains on listing. Apply aggressively at cut off for listing gains. The Central Bank of India IPO closes for subscription on 27th July.
Vishal Retail Limited listed today on the markets. Those who got allotment would have made a killing today. Unfortunately I was among the many who were not lucky enough to get allotment. Though I applied for 1050 shares (350 each in 3 applications) I didnt get any allotment. Vishal retail listed at around Rs. 650 and closed the day at 753, after touching a high of 784.5. Those who had got allotment would have made a listing gain of over Rs.11,000 if they had sold today. One wonders why the Vishal retail IPO was priced so cheaply. I believe it was a huge valuation mistake done by the investment bankers who managed the Vishal Retail IPO.