Next week, there will be two new opportunities to buy shares in companies that are going public, called initial public offers or IPOs.
These companies are Juniper Hotels Limited and GPT Healthcare Limited. Let’s talk about each company’s IPO one by one.
Juniper Hotels Limited wants to collect ₹1,800 crore by selling new shares in their IPO. They plan to issue 50,000,000 new shares.
This IPO is entirely new, meaning the current owners of the company won’t sell any of their shares.
If you’re a regular investor, you can buy shares in this IPO from February 21 to February 23.
The company’s shares will start trading on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on February 28.
Regular investors can buy up to 520 shares. The price range for Juniper Hotels Limited’s IPO is ₹342 to ₹360 per share.
Regular investors can buy at least one set of 40 shares. If you buy one set at the highest price of ₹360, you’ll spend ₹14,400. You can buy up to 13 sets, totaling 520 shares, costing ₹187,200 at the highest price.
In the gray market, Juniper Hotels’ shares are trading at a premium of 2.78%, meaning they’re selling for ₹10 more than the IPO price per share.
So, even though the IPO price might be ₹360, they might actually start trading at around ₹370 per share when they officially hit the market. But remember, this is just an estimate.
Now, let’s talk about GPT Healthcare Limited. They’re offering ₹40 crore worth of new shares in their IPO. Additionally, current owners are selling shares worth ₹2.61 crore.
Regular investors can bid for shares from February 22 to February 26. The company’s shares will start trading on the NSE and BSE on February 29.
The price range for GPT Healthcare Limited’s IPO hasn’t been decided yet.
They will announce it soon along with details about the minimum and maximum investment amounts.
Juniper Hotels has set aside 10% of its IPO shares for regular investors, while GPT Healthcare has reserved 35% for them.
