Grey market premiums for three Indian initial public offerings set to open in the coming days are indicating strong anticipated listing gains, signaling renewed vigor in the primary market.
The companies in focus are LEAP India, Technocraft Ventures, and Dhoot Transmission, each representing distinct sectors including logistics, infrastructure, and auto components.
Technocraft Ventures is scheduled to open its initial public offering to public subscription on Friday, 7 August, with the book-building process remaining open until Tuesday, 11 August.
The issue comprises a fresh issuance of shares, aiming to raise capital for expansion and debt repayment.
Market participants are closely watching the subscription levels as an indicator of broader investor sentiment towards infrastructure plays.
LEAP India and Dhoot Transmission are also drawing significant attention, with grey market activity suggesting robust demand ahead of their respective listing dates.