Nine Mainboard IPOs Today: Jinkushal Leads in GMP, Seshaasai Tops Subscription | Ipo News


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Nine mainboard IPOs, including Jain Resources, Epack Prefab Technologies, BMW Ventures, Solarworld Energy, and Jaro Institute, saw active bidding today, September 25.

Seshaasai Technologies IPO GMP.

Seshaasai Technologies IPO GMP.

IPOs Today: The primary market saw a busy street today, since as many as nine mainboard IPOs are witnessed bidding today, September 25. Three of them — Jain Resources Recycling, Epack Prefab Technologies, and BMW Ventures — saw their second day of bidding. Four IPOs — Solarworld Energy, Jaro Institute of Technology Management & Research, Seshaasai Technologies, and Anand Rathi Share — were closed at 5 pm today. Two IPOs — Jinkushal Industries and TruAlt Bioenergy — opened bidding today.

Subscription Status & GMP Of Nine Mainboard IPOs (As of 5:30 pm today):

IPO Name Subscription Status GMP
Jain Resources Recycling (Day 2) 1.31x 7.33%
Epack Prefab Technologies (Day 2) 0.61x 7.35%
BMW Ventures (Day 2) 0.22x 8.08%
Solarworld Energy (Day 3) 68.49x 14.81%
Jaro Institute (Day 3) 23.2x 7.87%
Seshaasai Technologies (Day 3) 69.64x 13.24%
Anand Rathi Share (Day 3) 21.83x 7.49%
Jinkushal Industries (Day 1) 2.29x 17.36%
TruAlt Bioenergy (Day 1) 0.46x 15.12%

Day 2 IPOs

Among the issues in their second day, Jain Resources Recycling has seen its subscription climb to 1.31 times, with a grey market premium (GMP) of 7.33%. Epack Prefab Technologies was subscribed 0.61x and has a GMP of 7.35%, while BMW Ventures stood at 0.22x subscription with a GMP of 8.08%.

Day 3 IPOs

The third-day IPOs witnessed a strong rush of investors. Solarworld Energy has been oversubscribed 68.49 times, with a GMP of 14.81%. Jaro Institute of Technology Management & Research attracted 23.2x bids and carries a GMP of 7.87%. Seshaasai Technologies led with 69.64x subscription, supported by a GMP of 13.24%. Anand Rathi Share also drew heavy demand, subscribed 21.83x, with a GMP of 7.49%.

Day 1 IPOs

Two fresh IPOs opened their bidding today. Jinkushal Industries was off to a strong start with 2.29x subscription and a GMP of 17.36%. TruAlt Bioenergy has seen 0.46x subscription so far, with its GMP at 15.12%.

Apart from these, 16 SMEs IPOs were also open for bidding on Thursday.

Mohammad Haris

Mohammad Haris

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More

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