NSE, Hero Motors, Jindal Supreme IPO GMPs rise up to 29% ahead of subscription this week – Check key…

According to fresh market updates, The grey market premiums (GMPs) of the upcoming initial public offerings (IPOs) of NSE, Hero Motors and Jindal Supreme rose up to 29 percent on Monday, ahead of the opening of their subscription the current week.

The much-awaited initial public offering of the National Stock Exchange (NSE) will open for subscription on September 17 and close on September 21. The shares are slated to make their market debut on September 24.

At the newly announced price range of Rs 1,700-1,785 per share, the IPO is estimated to mobilize Rs 21,494-22,569 crore.

In the meantime, auto parts maker Hero Motors and Jindal Supreme are additionally coming out with their initial share sales the current week. 1,700-1,785 11-12% 79-84 28-29% 88-93 29%

According to IPO Watch and Investorgain, the GMPs of all the three IPOs are indicating a decent stock-exchange debut gain.

Jindal Supreme (India) Ltd, a manufacturer of plastic piping solutions and related products, has set a price range of Rs 88-93 per share for its Rs 125 crore IPO, which is slated to open for public subscription on September 16.

At the upper end of the price range, the firm's market capitalisation is estimated at Rs 474.52 crore post stock-exchange debut.

The three-day public offering will conclude on September 18, while the anchor investor portion will open on September 15.

The equity shares of the firm are proposed to be listed on both the BSE and NSE on September 23.

Hero Motors has set a price range of Rs 79-84 per equity share for its Rs 1,000 crore IPO, which will open for subscription on September 16.

The three-day initial share sale will close on September 18, according to a public announcement.

The firm caters to global customers, including BMW AG, Ducati Motor Holding S.P.A., Enviolo International Inc, Formula Motorsport Ltd and Hummingbird EV.

Hero Motors is anticipated to make its equity market debut on September 23.