Currently, Harsha Engineers traded with 42-48 percent premium in the grey market which is an unofficial platform for trading in IPO shares, analysts said.
The lower premium in the grey market may also impact the listing performance, experts say.
DreamFolks Services IPO was subscribed 56.68 times, garnering bids for 53.74 crore equity shares against an offer size of 94.83 lakh shares
Rainbow Children's IPO raised Rs 1,581 crore through its public issue that consisted of a fresh issue of Rs 280 crore and an offer for sale of Rs 1,301 crore by selling shareholders.
Campus' trading premium in the unlisted market (grey market) declined to Rs 60 per share on May 7, down from Rs 95 on May 4. The volatility and correction in secondary markets is one of key reasons for this fall in grey market premium.
Hariom Pipe Industries | The stock is showing a grey market premium of 16 percent with an estimated listing price of Rs 178 as against the IPO price of 153 a share, analysts said
All brokerage houses had an 'avoid' rating on the issue given the expensive valuations, high debt on its books and low margin profile.
Vedant Fashions IPO | Its financials were impacted in FY21 due to the pandemic-led lockdowns but the company managed to show strong performance in the first half of the financial year 2021-22
Adani Wilmar | Experts largely expect the listing price could be around Rs 265 against issue price of Rs 230 per share, resulting in a market capitalisation of Rs 34,500 crore against IPO value of Rs 30,000 crore.
The maiden public offer was subscribed 7.79 times during January 19-21 amid good participation by all kind of investors. Non-institutional investors had put in bids 25.61 times their reserved portion.
CMS Info Systems listing: Experts said the shares could list at about the issue price of Rs 216 even though the company has strong fundamentals and operational excellence. Read on to know what could spoil the party.
Supriya Lifescience IPO | Attractive valuations, strong financial track record with maximum income from exports, increasing growth potential in the pharma space and healthy return ratios are key reasons for expectations of a healthy listing
HP Adhesives traded at a price of Rs 354 per share in the grey market, a premium of 29 percent or Rs 80 over and above the issue price of Rs 274 per share
Data Patterns IPO | The maiden public issue was heavily oversubscribed thanks to an enthusiastic response from investors. In the runup to the listing, Data Patterns has been trading at a premium of over Rs 250 in the grey market. Analysts therefore expect it to debut with a premium of more than 45%.
MedPlus Health Services IPO | The issue of the pharmacy retailer had seen strong demand as investors subscribed the IPO about 53 times
Metro Brands IPO | Experts say the listing may get affected by the current market sentiment, fear of fresh Covid restrictions amid rising Omicron cases and higher valuations
MapmyIndia IPO | The expected listing premium is largely attributed to the company's healthy financials with no debt burden, and stellar IPO subscription, experts say
Rategain Travel Technologies IPO | Grey market premium has gradually declined since its public issue - from a premium of Rs 100 to Rs 40-45 closer to the listing
Experts suggest some listing gains, based on the premium in the grey market and the oversubscription during the IPO.
Tega Industries shares were available at a price of Rs 753 per share in the grey market, a massive 66.2 percent or Rs 300 premium over issue price of Rs 453 per share, as per the IPO Watch and IPO Central.
Star Health IPO | The undersubscription of issue clearly indicated that most of investors have got almost full subscription.
Go Fashion shares are available at a massive premium of 65-75 percent (Rs 450-520) in the grey market, translating into a trading price of Rs 1,140-1,210 per share in the grey market against issue price of Rs 690 per share.
Analysts said the issue was fairly priced for new investors, given its high-growth business environment and huge domestic as well as export growth potential
Latent View Analytics IPO: Analysts expect it to list at 150 percent premium over the issue price, given the overwhelming response to the issue, the company's strong financials, reasonable valuations and bright prospects
Experts have a mixed opinion on the Sapphire listing price, but they are not expecting a grand debut either given the declining grey market premium, loss making status, no growth capital from IPO and intense competition in the QSR (quick service restaurant) space.