After an overwhelming response to the IPO, shares of Alpex Solar will debut on the NSE SME platform on Thursday. The company’s shares are commanding a premium in the unlisted market ahead of the listing. Find out more.
Adani Group may list its airports business on the stock exchange after meeting specific triggers, such as the operationalization and stability of Navi Mumbai airport. Adani Airport Holdings Limited (AAHL) is a subsidiary of Adani Enterprises Ltd and currently manages seven airports in India. AAHL is the country’s largest airport infrastructure company, accounting for a significant percentage of passenger footfalls and air cargo traffic. The company is also working on expansion projects for various airports. Adani Group’s growth model focuses on demonstrating independent growth before considering listing.
Shares of Innova Captab are expected to fetch a premium of Rs 61 in the grey market ahead of their listing. The company’s IPO was subscribed 55.26 times on the last day of bidding.
After a successful IPO, shares of state-owned IREDA will be listed with a premium of Rs 11. The public offer was subscribed 38.8 times, with institutional investors showing massive interest. Prashant Tapse of Mehta Equities believes that the premium is justified due to IREDA’s leading position in renewable energy financing and advisory services, and the potential upgradation to a Navratna company.
