IPO wrap: Premier Energies, Jay Bee Laminations and Indian Phosphate make a stellar debut; check details

The primary market saw a busy day on September 3 as one small and medium enterprise (SME) issue opened for subscription and two public offers, including Baazar Style Retail IPO, closed for bidding. Investors also closely watched the market debut of four new companies after successful initial public offerings (IPOs).

Here’s a look at all the IPO actions that kept D-Street buzzing on Tuesday.

Shares of 4 companies made their debut

Shares of four companies made their D-street debut on September 3. Shares of Premier Energies, Jay Bee Laminations, Vdeal System and Indian Phosphate listed with significant gains.

Premier Energies shares list at 120% premium

Premier Energies made a bumper debut on the NSE and BSE, as its stock listed at ₹990 apiece, up 120% against the issue price of ₹450 per share on the NSE. The stock declined nearly 19% against the listing price and hit an intraday low of ₹802.1. The stock listed with a premium of 120.2% at ₹991 apiece on the BSE.

The ₹2,830.4-crore mainboard issue consisted of a fresh issue of 2.87 crore shares and an offer-for-sale (OFS) of 3.42 crore shares. Premier Energies IPO was open for subscription from August 27 to August 29.

Jay Bee Laminations shares list at 90% premium

Shares of Jay Bee Laminations made a stellar debut on the NSE SME platform. The stock listed at ₹277.4 per share, up 90% from its issue price of ₹146. The stock was locked at its 5% upper circuit limit of ₹291.25 apiece during the intraday trade.

Jay Bee Laminations IPO was worth ₹88.96 crore. The public offer consisted of a fresh issue of 45.7 lakh shares along with an OFS of 15.23 lakh shares. Jay Bee Laminations IPO subscription was open from August 27 to August 29.

Indian Phosphate shares make strong debut

Indian Phosphate shares made a strong debut with listing at ₹188.1 apiece, at a premium of 90% against the issue price of ₹99 per share on the NSE SME platform. The stock fell 5% to its lower circuit limit at ₹178.7 apiece, after listing.

Indian Phosphate IPO, worth ₹67.36 crore, consisted entirely of a fresh issue of 68.04 lakh shares. Indian Phosphate IPO subscription was open from August 26 to August 29.

Vdeal System shares list at 52% premium

Vdeal System shares were listed at ₹170 apiece on the NSE SME platform. The stock made debut at a premium of 52% against the issue price of ₹112 per share. The stock rose 5% against its listing price and was locked in the upper circuit limit at ₹178.5 apiece.

The ₹18.08-crore public offer was an entirely fresh issue of 16.14 lakh shares. Vdeal System IPO subscription window was open from August 27 to August 29.

Naturewings Holidays IPO fully subscribed within hours of launch

Naturewings Holidays IPO received bids for over 3.4 crore shares against 9.02 lakh shares offered for subscription. The issue was subscribed more than 37 times on the first day of bidding.

Retail investors drove the demand as the issue was subscribed 65.8 times in the category. The Non-Institutional Investors’ (NIIs) category was booked 9.7 times.

Naturewings Holidays IPO, worth ₹7.03 crore, comprises an entirely fresh issue of 9.5 lakh shares. Naturewings Holidays IPO subscription window will close on September 5. The tentative listing date for Naturewings Holidays shares is Tuesday, September 10.

Baazar Style Retail IPO day 3

Baazar Style Retail IPO received bids for over 61.07 crore shares against 1.5 crore shares offered for subscription. The issue was booked 40.63 times on the final day of bidding.

Baazar Style Retail IPO was booked 9.07 times in the retail category. The Non-Institutional Investors’ (NIIs) category was booked 59.41 times. The mainboard issue was booked 81.83 times by the Qualified Institutional Buyers (QIBs).

Baazar Style Retail aims to raise ₹834.68 crore through its public issue. Baazar Style Retail IPO consists of a fresh issue of 38 lakh shares and an OFS of 1.77 crore shares. Baazar Style Retail share allotment status is expected to be finalised by Wednesday, September 4, and shares of the company are likely to list on the BSE and NSE on September 6.

Boss Packaging Solutions IPO day 3

Boss Packaging Solutions IPO received bids for over 16.11 crore shares compared to 12.08 lakh shares available for bidding. The issue was booked 133.38 times on the final day.

The NSE SME issue was booked 163.01 times in the retail category and 100.41 times in the Non-Institutional Investors’ (NIIs) segment. The QIBs placed bids for 20.12 lakh shares. Boss Packaging Solutions aims to raise ₹8.41 crore via its IPO. The public offer consists of an entirely fresh issue of 12.74 lakh shares.

The share allotment status of Boss Packaging Solutions IPO is expected to be decided on Wednesday, September 4. The tentative listing date for Boss Packaging Solutions shares is Friday, September 6.

Travel & Rentals IPO share allotment status

Travel & Rentals IPO share allotment status will be finalised on September 3.The tentative listing date for Travel & Rentals Ltd shares is September 5. The stock will be listed on the BSE SME platform. The IPO was open for bidding from August 29 to September 2

Travel & Rentals IPO, worth ₹12.24 crore, consisted of an entirely fresh issue of 30.6 lakh shares. The BSE SME issue was booked 608.46 times.