Priority Jewels IPO vs ESDS Software Solution IPO: GMP, Listing Date, Subscription & When to Check Allotment

Today is the final day of subscription for Priority Jewels IPO and ESDS Software Solution IPO. Both public issues opened on August 28 and will close today, September 1st giving investors the last chance to place their bids.

While both issues had attracted strong interest from investors throughout the subscription period with the grey market showing a strong potential listing premium for ESDS Software Solution.

Priority Jewels is a Rs. 91.50 cr fresh issue with a price band of Rs. 190 to Rs. 200 per share, while ESDS Software Solution is a much larger Rs. 720 cr fresh issue, priced in the range of Rs. 408-Rs. 429 per share.

Both IPOs have the same allotment and listing timeline, with allotment expected on September 2 and stock-market debut scheduled for September 4.

Priority Jewels IPO: GMP, Subscription And Key Details

The Priority Jewels IPO is a completely fresh issue worth Rs. 91.50 crore. The company has fixed the price band at Rs. 190 to Rs. 200 per share, and the issue opened for subscription on August 28. The IPO closes today, September 1st.

The issue has received a huge amount of interest from retail and non-institutional investors. The public issue was subscribed 70.86 times in the retail category, while the NII portion had also attracted bids of 90.50 times as per the BSE data. However, the relatively softer QIB response, which remained below 2x at 1.82 times as of today. Overall Priority Jewels IPO was subscribed 55.34 times overall.

Priority Jewels IPO GMP Today

The Priority Jewels IPO GMP has been volatile in the grey market. The premium touched around Rs. 45 till yesterday, before easing to around Rs. 10 as of today.

At present Priority Jewels IPO last GMP is Rs. 10 and the estimated listing price is Rs. 210 with a 5% of gain. Since GMP is unofficial it can change rapidly and investors should not think of it as a guaranteed listing gain.

ESDS Software Solution IPO: Price Band And GMP

On the other hand, The ESDS Software Solution IPO is considerably larger, with a total issue size of Rs. 720 crore. The IPO is entirely a fresh issue and carries a price band of Rs. 408 to Rs. 429 per share.

The IPO also opened on August 28 and will close on September 1. Shares are scheduled to be allotted on September 2, followed by refunds and demat credit on September 3. The listing is expected on September 4 on the BSE and NSE.

ESDS Software Solution IPO GMP Today

The ESDS Software Solution IPO GMP has jumped sharply than that of Priority Jewels.

As per the grey market estimates ESDS Software Solution IPO last GMP is currently standing at Rs. 270 at the time of writing. The estimated listing price is Rs. 699 with an expected profit margin of 62.94%

IPO Allotment And Listing Dates

Both Priority Jewels IPO and ESDS Software Solution IPO follow the same post-issue schedule. The basis of allotment is expected to be finalised on September 2, while unsuccessful applicants are expected to receive refunds on September 3. Shares allotted to successful investors are also expected to be credited to their demat accounts on September 3.

Both companies are scheduled to make their stock-market debut on September 4th