India’s share markets are in for 4 IPOs’ listings this week — Anupam Rasayan, Craftsman Automation, Laxmi Organic and Kalyan Jewellers. The initial public offerings of these 4 businesses closed final week. On Tuesday, Anupam Rasayan India, Craftsman Automation, Laxmi Organic Industries, have been trading with Rs 70, Rs 20 and Rs 70 premiums in the grey industry, respectively. Kalyan Jewellers India shares have been trading at a discount in the grey industry.
India’s major markets have observed 10 companies’ shares listings so far in the calendar year 2021, raising a cumulative of Rs 14,538 crore. The total quantity of businesses which hit the bourses in the earlier calendar year was 15.
Listing day technique for Anupam Rasayan, Craftsman, Laxmi Organic, Kalyan Jewellers IPOs
Starting tomorrow (Wednesday), all 4 of these will make their share industry debut this week in back-to-back listings. On Wednesday, Anupam Rasayan India shares will make their stock industry debut. Upon listing, Anupam Rasayan India will join listed peers such as PI Industries, Navin Fluorine International Ltd, Astec Lifesciences Ltd and SRF Ltd. Vishal Wagh, Head of Research, Bonanza Portfolio Ltd, advised investors to book listing gains in Anupam Rasayan, Craftsman, Laxmi Organic and Kalyan Jewellers, if they list above 30-50 per cent premium more than the IPO value. “At least half of the positions should be booked,” Wagh added.
Gaurav Garg, Head of Research, CapitalVia Global Research, told TheSpuzz Online that investors should really take into consideration booking income in Anupam Rasayan on listing. The concern was sold in the value band of Rs 553-555 per share. Similarly, Garg does not count on substantially firecrackers on Craftsman Automation listing day.
Also Read: Climate Action: Getting back on Paris climate track
Laxmi Organic Industries and Craftsman Automation IPOs will list on stock exchanges on Thursday, March 25, 2021. Garg sees listing gains of more than 70 per cent in Laxmi Organic Industries and has advised investors to hold this stock for mid-extended term. For Kalyan Jewellers India, shares of which will list on Friday, March 26, 2021, Garg has insisted investors to exit at listing and wait for any correction in the stock or switch to Titan Company for extended-term investment.
On all of the 4 IPOs, Aditya Kondawar, Founder and COO, JST Investments, had advised not to apply for listing gains nor for extended-term. Kondawar told TheSpuzz Online that as the industry requires notice of the dangers in them, it appears they may possibly list at a tiny premium or at par or if markets get more spooked, even at a discount. For the individuals who purchased and got shares in the allotment, Kondawar has recommended them to exit promptly.