IPO GMP Today: NIS Management vs Globtier Infotech; Which SME IPO To Choose As They Open For Subscription?

IPO GMP Today: The week is starting with the opening of two SME Initial Public Offerings (IPOs) of NIS Management and Globtier Infotech. Both IPOs will open for subscription on Monday, ie August 25. For primary market investors who are planning to invest their money in these SME IPOs, here is a full comparison of the two IPOs in terms of grey market premium (GMP), issue size, expected listing price, and other details.

NIS Management and Globtier Infotech IPOs will open for subscription on August 25 and will close for subscription on August 28, ie Thursday.

IPO GMP Today: NIS Management vs Globtier Infotech

Globtier Infotech SME IPO was seen at Rs 17 per share, according to Chittorgarh.com at 8:35 am on Monday. The price band has been fixed at Rs 72 per share. With this, its estimated IPO listing price has been fixed at Rs 89 per share. The IPO may see a percentage gain/loss per share at 23.61%.

NIS Management SME IPO's latest GMP today stood at Rs 7, according to Chittorgarh.com. The stock's price band has been fixed at Rs 111 per share. With this, the stock's estimated IPO listing is expected to be Rs 118 per share.

NIS Management vs Globtier Infotech IPO: Issue Details

NIS Management IPO has a book build issue of Rs 60.01 crores. The Kolkata-headquartered company's IPO will issue a combination of fresh issue of 0.47 crore shares aggregating to Rs 51.75 crores and an offer for sale of 0.07 crore shares aggregating to Rs 8.26 crores.

Globtier Infotech IPO has fixed an issue price of Rs 31.05 crores. The IPO is a combination of fresh issue of 0.38 crore shares aggregating to Rs 27.44 crores. The IPO also includes an offer for sale of 0.05 crore shares aggregating to Rs 3.61 crore.

NIS Management vs Globtier Infotech IPO Listing Date

The Globtier Infotech IPO is expected to be finalised on Friday, August 29. The stock is likely to be listed on the BSE on 2 September. Following a similar timeline, NIS Management IPO subscription is expected to be finalised on Friday, August 29, and the stock is expected to be listed on the exchanges on September 2.

NIS Management vs Globtier Infotech IPO: What is The Price Band, Issue Size?

NIS Management IPO has fixed a price band of Rs 105-111 per share. The lot size for applying for the IPO is fixed at 1,200. Which means that the minimum amount of investment required by an individual investor (retail) is Rs 2,52,000.00.

Globtier Infotech IPo has fixed a price of Rs 72 per share. The lot size for the IPO application is fixed at 1,600. Investors are required to put a minimum amount of Rs 2,30,400 to apply for the IPO. The minimum lot size investment for HNI is 3 lots, equivalent to Rs 3,45,000.