The initial public offerings (IPOs) of Vishal Nirmiti and Nityas Gems & Jewellery closed for bidding on October 5, after opening on September 30. Vishal Nirmiti's IPO was subscribed 57%, while Nityas Gems & Jewellery saw a higher subscription of 69% by the end of the second bidding day, according to livemint.com. The allotment for both IPOs is expected to be finalized on October 6, with listing scheduled for October 8.
Investor interest in both IPOs was reflected in the grey market premiums (GMP). Vishal Nirmiti's shares commanded a ₹20 premium, indicating an estimated listing price of ₹240, which is 9.09% above its IPO price of ₹220. In contrast, Nityas Gems & Jewellery shares traded at a ₹2 premium, suggesting a listing price of ₹77, 2.67% higher than its ₹75 IPO price. These figures were reported by Investorgain and cited by livemint.com.
The subscription levels and GMP trends highlight differing investor sentiment towards the two IPOs. Vishal Nirmiti's higher grey market premium suggests stronger aftermarket demand relative to its IPO price, compared to Nityas Gems & Jewellery. Both companies are mainboard listings, and their subscription rates and GMPs provide early indicators of market reception ahead of their stock exchange debuts.
The final allotment status for both Vishal Nirmiti and Nityas Gems & Jewellery IPOs will be announced on October 6, with shares set to list on stock exchanges on October 8, marking key milestones in their public market entries.