There are 4 IPOs hitting the markets this week. Our views are as below:
Both Shyam Metalics and Krishna Institute of Medical Sciences (KIMS) have a good estimated grey market as of June 15, 2021 and we are subscribing to both in anticipation of listing gains.
We are avoiding the other two IPOs as estimated grey market premiums are lower. Our views below are targeted at making listing gains and are not long-term views on the companies:
| Name | IPO opens | IPO closes | Issue price | Current Grey market premium (GMP) | Current GMP (% upside) | Our View |
| Shyam Metalics Ltd | 14th June 2021 | 16th June 2021 | Rs. 303 – 306 | Rs 146 – 148 | 48.4% | Subscribe |
| Krishna Institute of Medical Sciences (KIMS) | 16th June 2021 | 18th June 2021 | Rs 815 – 825 | Rs 225 – 250 | 30.3% | Subscribe |
| Dodla Dairy Ltd | 16th June 2021 | 18th June 2021 | Rs 421 – 428 | Rs 75-80 | 18.7% | – |
| Sona BLW Precision Forgings Ltd | 14th June 2021 | 16th June 2021 | Rs. 285 – 291 | Rs. 15 – 20 | 6.9% | – |
Note: This update is part of our blog post on how to enhance your returns on idle funds from 7% to 10% with limited short term equity risk. If you need a quick refresher on that, click here.