Two new companies- Advance Agrolife and Om Freight Forwarders- are set to make their Dalal Street debut on Wednesday, October 08, cumulatively raising more than Rs 315 crore. Both the issues had opened with a gap of one day but closed for bidding on Friday, October 03. Both the stock will be listed on BSE and NSE.
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Advance Agrolife IPO
Shares of Advance Agrolife are likely to deliver a listing pop of 13-15 per cent for the investors considering its latest grey market premium of Rs 13-15 per share. However, the grey market premium stood around Rs 20 per share, when the issue was running for the bidding.
The IPO of Advance Agrolife ran for subscription between September 30 and October 03. It had offered its shares in the price band of Rs 95-100 per share with a lot size of 1