Upcoming IPOs: The IPO market is expected to see relatively less activity next week, with three mainboard IPOs scheduled to open between August 31 and September 4. The three issues are expected to raise around Rs 1,265 crore. The companies operate across the fashion, hospitality and jewellery sectors.
Deepa Jewellers IPO
The Deepa Jewellers IPO is a Rs 459.72 crore book-built issue comprising a fresh issue of 1.41 crore shares and an offer for sale of 1.18 crore shares.
The IPO will open on September 1, 2026, and close on September 3. The allotment is expected to be finalised on September 4, while the listing is scheduled for September 8 on both NSE and BSE.
The GMP of Deepa Jewellers IPO is currently Rs 47. With an upper price band of Rs 177, the estimated listing price stands at Rs 225, indicating an expected gain of around 27 per cent.
Rays of Belief IPO
Rays of Belief IPO is a Rs 125 crore book-built issue and is entirely a fresh issue, with 0.52 crore new shares being issued.
The IPO will open on September 1 and close on September 3. The allotment is expected on September 4, while the listing is scheduled for September 8 on NSE and BSE.
The current GMP of the IPO stands at Rs 29. Against the upper price band of Rs 239, the estimated listing price is Rs 268, indicating an expected gain of around 12.13 per cent.
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Purple Style Labs IPO
The Purple Style Labs IPO is a Rs 680 crore book-built issue and is entirely a fresh issue, with 1.18 crore new shares to be issued.
The IPO will open on August 31 and close on September 2. The allotment is expected to be finalised on September 3, while the listing is scheduled for September 7 on NSE and BSE.
The current GMP of Purple Style Labs IPO is Rs 30. Based on the upper price band of Rs 575, the estimated listing price is Rs 605, indicating an expected gain of around 5.22 per cent.
Deepa Jewellers has highest GMP
Among the three IPOs, Deepa Jewellers has the strongest performance in the grey market. Its GMP of Rs 47 indicates a potential listing gain of around 27 per cent.
However, GMP is an unofficial indicator and can change before listing. Investors should not make decisions solely on the basis of GMP and should also consider the company’s financial performance, valuation, business prospects and the purpose of the IPO.
(Disclaimer: The above article is meant for informational purposes only and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
