IPO Gray Market Premium Comparison: The IPO market is once again bustling with the launch of two major products from Schloss Bangalore Ltd. (Leela Hotels Ltd.) and Aegis Vopak Terminals Ltd.
This week, we also saw the release of Prostarm Info Systems Ltd.’s main board offering on May 27th. This issue received great answers from investors as the IPO was booked 3.5 times or more on the first day.
Scoda Tubes Ltd. is another mainboard IPO that will open today for subscription on May 28th.
According to the latest Gray Market Premium (GMP) trends, ProStarm Info Systems’ IPOs are expected to see the highest listed profits. While Prostarm Info Systems’ privately listed shares traded at a premium of over 23%, Scoda Tube shares traded in the private market at around 16% per share.
This is what the latest GMP trends for these four IPOs show ahead of this week’s list.
