Shares of SBI Card, the long-awaited issue of that time, had been listed later on March 16 at a 13 percent discount to the issue price of Rs 755.
According to the Gujarat unlisted securities dealer Abhay Doshi, the CAMS premium is Rs 290. This is against the premium of 342-345 rupees that the issue enjoyed the day before. For Chemcon, the premium has been reduced to 240 rupees, Doshi said. Chemcon’s premium stood at Rs 250-255 earlier. Angel’s premium has dropped further to Rs 30 from the levels of Rs 50-55 a day ago, and Rs 75 a day earlier.
Narottam Dharawat of Dharawat Securities said the true impact of the market crash would be visible on Tuesday.
“As of now, there is not much of a difference because there is a small lag effect. But if things continue as they are, many investors who were looking to bid on the three IPOs may not bid as aggressively. Because of that, the expectations regarding the number of subscription times will be shorter. And if it is less, the chances of obtaining an award will increase and no one will buy in the gray market, “he explained.
So far, the Chemcon Specialty Chemicals IPO of Rs 318 crore has been subscribed 4.33 times. The largest Rs 2,242 crore CAMS IPO had crossed the middle of the road by 0.56 times. Angel Broking’s 600 million rupee IPO will open on Tuesday.
Vadodara-based Chemcon, serving the pharmaceutical and oil well industries, is offering a new issue of equity shares totaling up to Rs 165 million and a sell offer of up to 45,00,000 equity shares, which will be They will sell in the price range of Rs. 338-Rs 340.
In the case of CAMS, NSE Investments is offering 1,82,46,600 shares in the offer for sale. The share for retail investors in CAMS IPO is set at 35 percent of the net offering. The QIB fee is set at 50 percent, while the NII at 15 percent. There is a reserve for employees of up to 1.82,500 shares.
Angel’s anchor assignment will likely happen today. It will raise 300 million rupees from the issuance of new shares and another 300 rupees through the offer of sale (OFS) from existing shareholders, including the International Finance Corporation (IFC).
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