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DOMS Industries was commanding a grey market premium (GMP) of Rs 510, a 65 per cent premium over its issue price of Rs 790. India Shelters Finance Ltd was commanding a GMP of Rs 157, a 31.85 per cent premium over the issue price.
Hyderabad-based aerospace components and turbines manufacturer, Azad Engineering, is all set to launch its Initial Public Offering (IPO) today, December 20. The company seeks to raise ₹740 crore from the public issue, which is scheduled to conclude on December 22. The Azad Engineering IPO has a total issue size of Rs 740.00 crore, comprising a fresh issue of 46 lakh equity shares
Unlisted shares of Azad Engineering are currently trading Rs 440 higher in the grey market, which is a 83.97 per cent listing gain from the public issue, Azad Engineering IPO: Should You apply? Check subscription status, GMP Today
DOMS stock was listed at Rs 1400 as against an offer price of Rs 790. Most estimates were predicting listing gains to be in the range of 60-65%. It extended gains to Rs 1434. The strong listing can be attributed to the company's solid performance over the past three years, marked by significant growth in revenue and profitability.
Analysts have issued a subscribe rating on all three issues on the back of strong market presence, and robust financials