The four IPOs that opened for subscription this week recorded mixed responses on the second day of bidding on Friday, 16 October, with Tonbo Imaging India attracting strong demand, while Zetwerk Manufacturing Business saw a relatively muted response. Bonfiglioli Transmissions and Sahajanand Medical Technologies also witnessed varying subscription levels across investor categories.
All four IPOs opened for subscription on Thursday, 15 October, and are scheduled to close on Monday, 19 October.
Zetwerk IPO GMP today, or grey market premium, is +7. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Zetwerk share price was indicated at ₹158 apiece, which is 4.64% higher than the IPO price of ₹151.
Based on trading activity over the past eight sessions, the IPO's grey market premium (GMP) trend has weakened, indicating softer investor demand. During this period, the premium fluctuated between ₹7 and ₹30, according to market experts.
The IPO comprises a fresh issue of shares worth ₹2,830 crore and an offer for sale (OFS) of 14.45 crore equity shares by existing shareholders. At the upper end of the price band of ₹151 per share, the OFS is valued at ₹2,182 crore, taking the total issue size to approximately ₹5,012 crore.