Strong Investor Interest in Upcoming IPO Listings
As anticipation builds among investors, three companies—Arcade Developers, Northern Arc Capital, and Western Carriers—are gearing up for their share listings on September 24. The IPOs for Arcade Developers and Northern Arc Capital were open for subscription from September 16 to September 19, while the Western Carriers IPO ran from September 13 to September 19.
Allotment and Gray Market Performance
The allotment of shares for these IPOs was completed on September 20, and now investors are keenly awaiting the listing day. The gray market premium (GMP) provides an early insight into how these IPOs might perform post-listing. Please note that the GMP is volatile and can change quickly.
Arcade Developers IPO
Arcade Developers’ IPO is garnering considerable enthusiasm in the gray market. As of September 21, it is trading at a premium of ₹63, which indicates a potential listing price of ₹191. If this forecast holds true, investors could see substantial gains of about 50%. However, it’s important to mention that there has been a slight decline in the GMP compared to earlier figures.
Northern Arc Capital IPO
Similarly, Northern Arc Capital’s IPO is also attracting strong demand. Currently, it is trading at a premium of ₹144. Based on this, shares are likely to be listed at around ₹407, offering investors an impressive profit margin of approximately 54.75%. It’s worth noting that the GMP for this IPO has also seen a reduction from previous highs, where it was trading at a premium of ₹202.
Western Carriers IPO
In contrast, the Western Carriers IPO appears to be struggling in the gray market. As of today, it is trading at a modest premium of ₹10, which points to a potential listing price of ₹182. This projection suggests a much lower return of approximately 5.81% for investors, indicating a less favorable outlook.
Summary of IPO Performance
| Company | GMP (₹) | Expected Listing Price (₹) | Potential Profit (%) |
|---|---|---|---|
| Arcade Developers | 63 | 191 | 50% |
| Northern Arc Capital | 144 | 407 | 54.75% |
| Western Carriers | 10 | 182 | 5.81% |
Final Thoughts
The upcoming listings of Arcade Developers, Northern Arc Capital, and Western Carriers are positioned to provide investors with varied opportunities. While Arcade Developers and Northern Arc Capital show promising prospects, the performance of Western Carriers reflects caution. As with any investment, it’s important for investors to stay informed and consider market conditions and individual risk tolerance.
