From mint · Vaamanaa Sethi · · 1m 30s
IPO GMP Comparison: Vishal Nirmiti vs Nityas Gems
Vishal Nirmiti and Nityas Gems & Jewellery IPOs set for Tuesday allotment with listing dates and share price predictions.
In brief
Vishal Nirmiti and Nityas Gems & Jewellery IPOs set for Tuesday allotment with listing dates and share price predictions. Vishal Nirmiti IPO shares trade at ₹20 premium in grey market while Nityas Gems & Jewellery shares trade at ₹2 premium, with estimated listing prices of ₹240 and ₹77 respectively. Originally…
Allotment Status
Both Vishal Nirmiti and Nityas Gems & Jewellery IPOs are expected to finalise allotment status on Tuesday, October 6.
Listing Dates
Both issues will list on stock exchanges on Thursday, October 8 after finalising allotment on Tuesday, October 6.
Subscription Rates
Vishal Nirmiti IPO was subscribed 57% while Nityas Gems & Jewellery saw stronger demand with 69% subscription by second bidding day.
Grey Market Premiums
Vishal Nirmiti shares command ₹20 premium in grey market while Nityas Gems & Jewellery shares trade at ₹2 premium.
Listing Price Predictions
Vishal Nirmiti IPO estimated listing price is ₹240 (9.09% higher than ₹220 IPO price) while Nityas Gems & Jewellery is ₹77 (2.67% higher than ₹75 IPO price).
Vishal Nirmiti IPO Details
Vishal Nirmiti set price band at ₹208, 220 per share with fresh issue of 69.71 lakh shares, aggregating to ₹145 crore at upper end.
Nityas Gems & Jewellery IPO Details
Nityas Gems & Jewellery fixed price band at ₹70, 75 per share with 1.4456 crore shares, expected to raise ₹108.42 crore.
The key point
Vishal Nirmiti IPO shares trade at ₹20 premium in grey market while Nityas Gems & Jewellery shares trade at ₹2 premium, with estimated listing prices of ₹240 and ₹77 respectively.
