Daijiworld Media Network - Mumbai

Mumbai, Sep 18: With the subscription window for the VMS TMT and Euro Pratik Sales IPOs closing this week, and Ivalue Infosolutions open till next week, investors are closely watching the grey market premium (GMP) trends for these mainboard issues.

The grey market premium for VMS TMT stood at Rs 22 per share on September 18, suggesting a potential listing price of Rs 121, a 22.22% premium over the upper end of the IPO price band.

The IPO, valued at Rs 148.5 crore, is a fresh issue of 1.5 crore shares. On the second day of bidding, it was subscribed 14.48 times, receiving bids for 17,81,44,950 shares against 1,23,00,000 shares on offer.

The price band for the IPO is set between Rs 94 and Rs 99 per share, with share allotment proposed to be finalized on September 22. VMS TMT shares are expected to be listed on the BSE and NSE on September 24.

The company manufactures Thermo Mechanically Treated (TMT) Bars and operates a manufacturing facility at Bhayla Village, Ahmedabad, Gujarat.

For Euro Pratik Sales, the latest GMP stood at Rs 1 per share as of September 18, indicating a potential listing price of Rs 248, a modest 0.40% premium over the upper limit of the IPO band.

The IPO, worth Rs 451.31 crore, is an offer-for-sale (OFS) of 1.83 crore shares. It was subscribed 0.90 times on the final day of bidding, with bids for 1,21,43,160 shares against 1,34,64,781 shares on offer.

The price band for the IPO is Rs 235 to Rs 247 per share, with allotment expected to be finalized on September 19. Euro Pratik Sales shares are slated to be listed on the BSE and NSE on September 23.

The company specializes in decorative panels and laminates, offering 30 product categories through over 100 distributors across India.