Tonbo Imaging IPO is the clear winner in the grey market, with a GMP of ₹425, indicating an estimated listing premium of 60.71%. HD Fire Protect follows with a 31.37% premium, while Bonfiglioli Transmissions commands a 26.45% premium.
Fusion CX is the weakest performer, with a GMP of ₹19 and an estimated listing premium of 6.57%, the lowest among the six IPOs.
HD Fire Protect IPO GMP today, or grey market premium, is +85. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of HD Fire Protect share price was indicated at ₹356 apiece, which is 31.37% higher than the IPO price of ₹271.
In the past seven sessions, the IPO GMP has shown a consistent pattern, with fluctuations confined to ₹5 and a GMP range of ₹23. The present IPO GMP is at ₹85, reflecting a stable sentiment in the grey market. According to experts, the current GMP suggests an anticipated listing price of approximately ₹356, compared with the IPO issue price of ₹271.
HD Fire Protect IPO opened on 13 October and closes on 15 October, with a price band of ₹258– ₹271 per share. The ₹678– ₹712.13 crore issue is entirely an offer for sale (OFS) of 2.63 crore shares by promoters Harish Narshi Dharamshi and Kusum Harish Dharamshi. The company will not receive any proceeds from the issue.