Roopa Screen and Peshwa Wheat Set to Debut Today, with Roopa Screen Boasting an Impressive 66% GMP!

Shares of two SME IPOs, Peshwa Wheat and Roopa Screen, are set to debut on the BSE SME platform on Thursday, October 1. Peshwa Wheat’s IPO raised Rs 53.52 crore through a fresh issue of 52.99 lakh shares, with an overall subscription of 2.77 times. In contrast, Roopa Screen’s IPO raised Rs 19.20 crore and was oversubscribed 271.94 times, with the retail investor portion seeing a remarkable 529.82 times subscription. Investors had the option to apply at price bands of Rs 95–101 for Peshwa Wheat and Rs 60–64 for Roopa Screen.

The grey market sentiment appears to be robust, especially for Roopa Screen, which is commanding a grey market premium (GMP) of around 66% prior to its listing. This suggests strong investor confidence and potential listing gains for Roopa Screen. Conversely, Peshwa Wheat has no reported GMP, indicating a more subdued investor sentiment toward this IPO, despite a decent subscription rate.

For Indian investors, the contrasting dynamics of these two IPOs highlight the importance of market sentiment and investor appetite in the SME segment. Roopa Screen’s strong GMP could signal favorable listing prospects and attract more retail interest, while Peshwa Wheat’s lack of premium might require careful analysis before investment. Overall, these listings present varied opportunities for retail investors looking for entry points in the SME market.

Source: The Economic Times

(Expert Note: This report was prepared by the Wealthova IPO team.)