From IPO hot run to listing day fireworks
investors should expect from these IPOs:
What are the chances of investors getting allotments in these IPOs?
Four of the five IPOs that closed last week saw heavy subscriptions in the retail category where investors could apply for a single lot worth ₹15,000. Hence the probability for investors who bid in the retail category for IPOs of IREDA, Tata Technologies, Gandhar Oil, and Flair Writing could be slim. For instance, in the case of IREDA, which will be listed on November 29, 71 out of 375 retail applicants received 460 shares.
Bidders in the rest of the IPOs will likely receive the shares in the demat accounts on November 29.
What are the chances of making listing gains?
Social media websites and broker notes suggest that four out of the five IPOs are likely to give investors listing gains. Investors, who get allotment in these shares could earn as much as 25-80% over the IPO issue price on the listing day if the grey market premiums are anything to go by. For example, IREDA shares, which were sold at ₹32 in the IPO, could fetch more than ₹40 upon listing.
Tata Technologies, which could be allotted at ₹500, is trading at ₹880 in the grey market. Gandhar Oil, which is trading at ₹235 in the grey market, will likely be sold at ₹169 in the IPO. Flair Writing, which could be issued at ₹304, may fetch ₹380 on listing day.
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