Anand Rathi, Jaro, Atlanta, Epack Prefab, JRR: Subscription status & GMP for 9 IPOs

Amid the ongoing flood of IPOs at Dalal Street, primary market investors are spoiled with problem of plenty. Dalal Street has as many as nine maiden offerings for investors, which are cumulatively raising Rs 5,579.87 crore via their issues. This includes three new issues opening today.

Of the nine ongoing IPOs, two issues will close today, while the other four are having their day two. These five ongoing issues are raising Rs 3,594.21 crore, while issues worth Rs 1,985.66 crore have opened today. The grey market premia (GMPs) for these IPOs gave mixed signals. Here are the bidding and IPO details of ongoing nine issues.  

Day 3 (Last day) subscription status The Rs 687.34 crore IPO of Atlanta Electricals shall close for bidding on Wednesday, September 24. The issue opened for bidding on Monday, September 22. The company is selling its shares in the range of Rs 718-754 apiece, with a lot size of 19 equity shares. The company commanded a grey market premium of Rs 105 apiece, suggesting 14 per cent listing gains for investors. Subscription as on 2.50 pm on day 3

• QIB portion: 82.36 times
• NIIs portion: 43.98 times
• Retail portion: 8.25 times
• Employees portion: 2.86 times
• Overall: 36.28 times  

Similarly, the IPO of Ganesh Consumer Products will also close for bidding on Wednesday, September 24 as the issue had opened on Monday, September 22. The company is selling its shares in the range of Rs 306-322 apiece, with a lot size of 46 equity shares to raise a total of Rs 408.80 crore. It commanded a grey market premium of Rs 5 apiece, suggesting flat listing for investors.Subscription as on 2.50 pm on day 3

• QIB portion: 2.94 times
• NIIs portion: 3.52 times
• Retail portion: 0.78 times
• Employees portion: 1.78 times
• Overall: 1.97 times  

Day 2 subscription status Anand Rathi, which launched its Rs 745 crore, IPO on Tuesday, September 23, is selling its shares for Rs 393-414 per share. Bids can be made in the multiples of 36 equity shares until Thursday, September 25. Last heard, the company's GMP jumped to Rs 43-45 per share, suggesting a 10-11 per cent listing pop for the investors. Subscription as on 1.20 pm on day 2

• QIB portion: 2 per cent
• NIIs portion: 1.42 times
• Retail portion: 1.17 times
• Employees portion: 1.67 times
• Overall: 91 per cent  

Seshaasai Technologies is raising Rs 813.07 crore via IPO, which opened for bidding on Tuesday, September 23 and can be subscribed until Thursday, September 25. It is selling its shares for Rs 402-423 per share, with a lot size of 35 equity shares. Last heard, the company's GMP jumped to Rs 75 per share, suggesting a 18 per cent listing gain for the investors.Subscription as on 1.20 pm on day 2

• QIB portion: 1.12 times
• NIIs portion: 5.19 times
• Retail portion: 2.58 times
• Employees portion: 3.36 times
• Overall: 2.74 times  

Jaro Institute of Technology Management & Research is another IPO, going through its day 2 of bidding, opened on Tuesday, September 23. The Rs 490 crore issue shall close on Thursday, September 25. The price band for the issue is fixed at Rs 846-890 apiece with a lot size of 16 equity shares. Its GMP has seen a sharp rise to Rs 120 per share, indicating gains of 14 per cent gains.Subscription as on 1.20 pm on day 1

• QIB portion: 67 per cent
• NIIs portion: 2.94 times
• Retail portion: 1.70 times
• Overall: 1.67 times  

Solarworld Energy Solutions is another IPO which opened on Tuesday, September 23 and set to close on Thursday, September 25. It is selling its shares in the price band of Rs 333-351 per share in multiples of 42 equity shares to raise a total of Rs 490 crore. Last seen, the company's GMP stood at Rs 62 per share, signaling 18 per cent gains for the investors.Subscription as on 1.20 pm on day 1

• QIB portion: 1 per cent
• NIIs portion: 4.55 times
• Retail portion: 11.82 times
• Overall: 3.40 times  

Day 1 (opening day) subscription status Epack Prefab Technologies is selling its shares in the range of Rs 194-204 apiece, which can be subscribed with a lot size of 73 equity shares. The company is looking to raise a total of Rs 504 crore via IPO, which opened on Wednesday, September 24 and closes on Friday, September 26. Its GMP was seen at Rs 20 per share, signaling nearly 10 per cent gains for the investors.Subscription as on 2.50 pm on day 1

• QIB portion: 46 per cent
• NIIs portion: 8 per cent
• Retail portion: 22 per cent
• Overall: 25 per cent  

Jain Resource Recycling is eyeing to mop up to Rs 1,250 crore via IPO route, by selling its shares in the range of Rs 220-232 per share between Wednesday, September 24 and Friday, September 26. Bids can be made in the multiples of 64 shares. Its GMP was seen at Rs 22 apiece, signaling 9-10 per cent gains for the investors.Subscription as on 2.50 pm on day 1

• QIB portion: 84 per cent
• NIIs portion: 7 per cent
• Retail portion: 40 per cent
• Overall: 55 per cent  

Last but not the least, BMW Ventures has also launched its IPO on Wednesday, September 24. The Rs 231.66 crore issue shall close for bidding on Friday, September 26. The price band for the issue is fixed at Rs 94-99 apeice and investors can apply for a minimum of 151 equity shares and its multiples. Its GMP stood at Rs 2 per share, suggesting 2 per cent gains for the investors.Subscription as on 1.20 pm on day 1

• QIB portion: 1.08 times
• NIIs portion: 01 per cent
• Retail portion: 11 per cent
• Overall: 09 per cent