Listing Gains Set to Skyrocket up to 113% as Bajaj Housing Finance, Kross, and Tolins Tyres Gear Up for Monday IPO Debuts

Shares of Bajaj Housing Finance, Kross Ltd., and Tolins Tyres are set to start trading on Monday after their successful IPOs. Based on grey market predictions, all three companies are expected to offer positive returns to investors.

Among the three, Bajaj Housing Finance is expected to provide the highest gains, with a grey market premium (GMP) showing a potential return of 113% above the issue price.

However, it’s important to remember that grey market premiums are just an estimate of how the shares are performing in the unlisted market and can change quickly.

Bajaj Housing Finance made history by receiving bids worth over ₹3 lakh crore. The company aimed to raise ₹6,560 crore through a mix of fresh equity sales and an offer for sale (OFS). The IPO was subscribed 63.6 times, with non-institutional investors showing strong interest, as their category was subscribed over 200 times.

This is especially notable considering there were three other IPOs in the market at the same time, including Kross Ltd., Tolins Tyres, and PN Gadgil. Kross Ltd. saw a subscription of nearly 17 times and is trading with a GMP of ₹25, suggesting a 10% listing premium over its issue price. Kross is a well-known manufacturer of forged and machined components in India, with a growing international presence. The company plans to use the IPO funds to repay debt and invest in future growth.

Meanwhile, the GMP for Tolins Tyres, whose IPO was launched last week, is currently ₹30, indicating a potential listing gain of around 13%, if the current trends continue.