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Grey market GMPs shift as four IPOs progress through subscription
BSE data showed Shankesh Jewellers subscribed 25% by Day 1, while Sunshine Pictures was subscribed 3.23 times and Lalithaa Jewellery Mart reached 69% before the next-day update.
LiveMint Markets reports that four IPOs are currently open for subscription, with investor demand diverging across the deals as bidding progresses. Sunshine Pictures and Lalithaa Jewellery Mart are drawing stronger interest, while Shankesh Jewellers and Horizon Industrial Parks are seeing a more measured response.
According to available BSE data cited by LiveMint Markets, the Shankesh Jewellers IPO was subscribed 25% on Day 1 as of 15:06 IST. The issue opens for subscription on 18 August and is set to close on 20 August, and the reported subscription status came as bids for 4.78 crore shares were compared with 25.14 crore shares on offer for Horizon Industrial Parks as it moved into Day 2.
For Sunshine Pictures, also opening for subscription on 18 August, LiveMint Markets said the IPO was subscribed 3.23 times by 15:06 IST on Day 1 and remains open until 20 August. For Lalithaa Jewellery Mart, which is in its second day of bidding, LiveMint Markets reported 69% subscription on Day 1 led by retail investors at 74%, before the issue moved to full subscription at 2.57 times by Day 2.
The article also tracks grey market premium signals. LiveMint Markets cited an estimated listing price for Shankesh Jewellers of ₹ 96.5 per share versus an IPO price of ₹ 93, implying a 3.76% premium, and said the current GMP of ₹ 3.5 points to a pessimistic trend after fluctuations over the prior nine sessions. For Sunshine Pictures, LiveMint Markets reported a GMP of +75 and an estimated listing price of ₹ 435 per share based on the upper end of its price band, with the piece noting continuing interest ahead of the 19 August closing date.