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IPO updates: June 16, 2021

There are 4 IPOs hitting the markets this week. Our views are as below:

Both Shyam Metalics and Krishna Institute of Medical Sciences (KIMS) have a good estimated grey market as of June 15, 2021 and we are subscribing to both in anticipation of listing gains.

We are avoiding the other two IPOs as estimated grey market premiums are lower. Our views below are targeted at making listing gains and are not long-term views on the companies:

Name  IPO opens IPO closes Issue price Current Grey market premium
Current GMP
(% upside)
Our View
Shyam Metalics Ltd14th June 202116th June 2021Rs. 303 – 306Rs 146 – 14848.4%Subscribe
Krishna Institute of Medical Sciences (KIMS)16th June 202118th June 2021Rs 815 – 825Rs 225 – 25030.3%Subscribe
Dodla Dairy Ltd16th June 202118th June 2021Rs 421 – 428Rs 75-8018.7%
Sona BLW Precision Forgings Ltd14th June 202116th June 2021Rs. 285 – 291Rs. 15 – 206.9%

Note: This update is part of our blog post on how to enhance your returns on idle funds from 7% to 10% with limited short term equity risk. If you need a quick refresher on that, click here.

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