Overview
- Kalpataru’s all-fresh Rs 1,590 crore IPO opened on June 24 with a price band of Rs 387 to Rs 414 and closes on June 26.
- Globe Civil Projects kicked off its Rs 119 crore fresh issue at Rs 67 to Rs 71 and commands a grey market premium implying over 20% upside.
- Ellenbarrie Industrial Gases launched its Rs 852.5 crore combined offering at Rs 380 to Rs 400 to repay debt and fund a new air separation unit.
- HDB Financial Services’ Rs 12,500 crore mega IPO opens June 25 with a Rs 700 to Rs 740 band, comprising a Rs 2,500 crore fresh issue and a Rs 10,000 crore offer-for-sale.
- Grey market premiums suggest about 7% listing gains for HDB Financial and modest gains for Kalpataru, though large offer-for-sale components and steep valuations could temper returns.