IPO Updates 17th March, 2021

Photo by Hans Eiskonen on Unsplash 

We had shared our positive view on MTAR IPO about 10 days ago. It listed at around 90% premium to issue price. However, allotment success rate was low due to high oversubscription.

We have a slew of IPOs in next 7 days.  Below are details:

Both Nazara Technologies and Laxmi Organics have a good estimated grey market and we are subscribing to both in anticipation of listing gains. Both are expected to be heavily oversubscribed and it’s better if application can be done for larger amounts.

The bottom 3 in above table have low grey market premium and we are not subscribing.

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