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IPO Grey Market Premiums Comparison: The IPO market is buzzing again with the launch of two major offerings from Schloss Bangalore Ltd. (Leela Hotels Ltd.) and Aegis Vopak Terminals Ltd. The intial public offerings of these mainboard IPOs will close for subscription on May 28.
The week also saw the launch of the mainboard offering of Prostarm Info Systems Ltd. on May 27. The issue recieved a fantastic response from the investors as the IPO was booked over 3.5 times on Day 1.
Scoda Tubes Ltd. is another mainboard IPO which will open for subscription today, on May 28.
According to the latest Grey Market Premium (GMP) trends, the IPO of Prostarm Info Systems is expected to see the highest listing gains. Unlisted shares of Prostarm Info Systems were trading at a premium of over 23%, while shares of Scoda Tubes were trading at the unlisted market at just around 16% per share.
Here’s what the latest GMP trends of these four IPOs indicate ahead of their listing this week.
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