Today is the last day to invest in three company IPOs. If you want to profit not only from trading in the stock market but also through the primary market (IPO), this could be a good opportunity.
IPO: Today, May 29th, investors have a final opportunity to invest in three Initial Public Offerings (IPOs) with the potential for significant returns. These include one mainboard IPO and two SME (Small and Medium-sized Enterprises) category IPOs. All three IPOs opened for subscription on May 27th and close at 5 PM today.
Two of these IPOs are attracting investors due to their Grey Market Premium (GMP). Let's understand the key details of these three IPOs, including their price band, GMP, and potential listing price:
1. Prostarm Info System Ltd (Mainboard IPO)
- Price Band: ₹95 - ₹105 per share
- Lot Size: 142 shares
- Minimum Investment: ₹14,910
- GMP (8:51 AM): ₹24
- Potential Listing Price: ₹129
- Potential Return: Approximately 22.86%
Prostarm Info System is an IT company providing data protection and power backup solutions. Investor optimism towards this IPO stems from the company's b customer base and healthy financials. The company's listing on the mainboard is expected to ensure better liquidity.
2. Blue Water Logistics Ltd (SME IPO)
- Price Band: ₹132 - ₹135 per share
- Lot Size: 1000 shares
- Minimum Investment: ₹1,35,000
- GMP (9:00 AM): No clear indication
Blue Water Logistics is a transport and logistics service provider specializing in the oil and gas sector. Although no GMP was recorded this morning, the company's sector and business model suggest the possibility of profit at the time of listing. This SME IPO is suitable for larger investors due to the ₹1.35 lakh minimum investment.
3. Nikita Proper Ltd (SME IPO)
- Price Band: ₹95 - ₹104 per share
- Lot Size: 1200 shares
- Minimum Investment: ₹1,24,800
- GMP (9:04 AM): ₹8
- Potential Listing Price: ₹112
- Potential Return: Approximately 7.69%
Nikita Proper Ltd operates in the real estate consultancy and development sector. Its pricing is attractive to investors, and the GMP is hovering around ₹8. Being an SME category IPO, it carries slightly higher risk, but the possibility of short-term listing gains remains.
Positive Market Sentiment
Investor interest in these IPOs is primarily driven by recent market stability and the partial return of foreign investors. The stay on tariffs by the US Federal Court and the rally in Asian markets have also supported the Indian primary market.
Market experts believe that the Prostarm Info System IPO appears most attractive, offering investors a better GMP and liquidity with comparatively lower investment. Before investing in Blue Water Logistics and Nikita Proper, reviewing the company background and sector growth is essential.
