From mint · Dhanya Nagasundaram · · 2m
IPO GMP: Bonfiglioli vs Tonbo vs Sahajanand Medical vs Zetwerk
Four Indian IPOs open on 15 October with grey market premiums.
In brief
Four Indian IPOs open on 15 October with grey market premiums. Four companies including Bonfiglioli Transmissions, Tonbo Imaging, Sahajanand Medical Technologies and Zetwerk launch IPOs on 15 October with varying grey market premiums. Originally reported by mint.
IPO Dates
Four companies including Bonfiglioli Transmissions, Tonbo Imaging, Sahajanand Medical Technologies and Zetwerk open their IPOs on 15 October and close on 19 October.
Issue Sizes
The IPOs range from ₹ 475 crore to ₹ 5,012 crore with Zetwerk having the largest offering at ₹ 5,012 crore.
Bonfiglioli Transmissions IPO
Bonfiglioli Transmissions has a price band of ₹ 558, ₹ 586 per share with an estimated listing price of ₹ 739.
Tonbo Imaging IPO
Tonbo Imaging has a price band of ₹ 665, ₹ 700 per share with an estimated listing price of ₹ 1,045.
Sahajanand Medical Technologies IPO
Sahajanand Medical Technologies has a price band of ₹ 327, ₹ 344 per share with an estimated listing price of ₹ 384.
Zetwerk IPO
Zetwerk has a price band of ₹ 143, ₹ 151 per share with an estimated listing price of ₹ 165.
Grey Market Premiums
The grey market premiums for the IPOs range from +40 to +345 with Tonbo Imaging showing the highest premium at +345.
Anchor Bidding
Anchor investors will bid for all four IPOs on 14 October before the public subscription opens on 15 October.
Issue Structure
All four IPOs are entirely offer for sale (OFS) with no fresh issue component, meaning the companies receive no proceeds from the IPOs.
Zetwerk's Fresh Issue
Zetwerk is the only company with a fresh issue component worth ₹ 2,830 crore to repay debt and fund acquisitions.
Sector Focus
The IPOs cover industrial power transmission, defence electronics, cardiac medical devices and technology-led manufacturing.
Listing Date
All four IPOs will list on 15 October with the public subscription period closing on 19 October.
Market Reaction
The grey market premiums indicate potential listing gains ranging from 9.27% to 49.29% for the four IPOs.
What Happens Next
The IPOs will be listed on 15 October with investors evaluating the performance of the four companies in the stock market.
The short version
Four companies including Bonfiglioli Transmissions, Tonbo Imaging, Sahajanand Medical Technologies and Zetwerk launch IPOs on 15 October with varying grey market premiums.
