Welcome to a detailed update on the latest Grey Market Premium (GMP) for several Initial Public Offerings (IPOs) as of August 2nd. This article provides insights into the current percentage premium at which the Grey Market Premium is trading and the changes observed due to recent market fluctuations. We will cover the Grey Market Premium for Aditya Infote IPO, NSTL LED IPO, Lakshmi India Finance IPO, MNB Engineering IPO, and Shree Lotus Developers IPO. For daily IPO Grey Market Premium updates, consider subscribing, and you can also join our Telegram group via the link in the comments for timely notifications.
Lakshmi India Finance IPO Update
For those who applied for the Lakshmi India Finance IPO, the allotment status was updated by late August 1st, and information was promptly shared on the Telegram group. Applicants who applied at the cut-off price of ₹158 for 94 equity shares would have received an allotment in this IPO. The total issue size for Lakshmi India Finance was ₹254 crore, with 35% reserved for retail investors. Due to the smaller issue size and a less-than-optimal response from Qualified Institutional Buyers (QIBs), the IPO did not see the expected high subscription numbers.
Key Dates and Subscription Figures for Lakshmi India Finance IPO: The allotment date for this IPO was August 1st. Refunds for non-allotted shares are scheduled for August 4th, with shares credited to Demat accounts on the same day. The company is set to list on both BSE and NSE on August 5th.
Regarding subscription, the IPO was subscribed 1.30 times in the QIB category, 1.83 times in the HNI category (1.82 times for Big HNI and 1.87 times for Small HNI), 2.20 times in the retail category, and 1.54 times in the employee category. The total subscription figure stood at 1.86 times. Due to this subdued response, the Grey Market Premium for the IPO has also remained low. As of August 2nd, the Grey Market Premium is trading at ₹3. With an estimated listing price of ₹161, there is a chance of approximately 2% listing gain, potentially yielding around ₹285 per lot according to the Grey Market Premium.
MNB Engineering IPO Update
The MNB Engineering IPO opened on July 13th, with the final day for applications being August 1st. This IPO received a significantly better response compared to Lakshmi India Finance IPO. Successful applicants, chosen through a lottery system, would receive an allotment of 38 equity shares at a cut-off price of ₹385. The total issue size for MNB Engineering was ₹650 crore, comprising a fresh issue of ₹275 crore and an Offer For Sale (OFS) of ₹375 crore. Only 10% of the shares were reserved for retail investors, making the chances of allotment quite low in this category.
Key Dates and Subscription Figures for MNB Engineering IPO: The allotment status for MNB Engineering IPO will be available on August 4th. Refunds for unsuccessful applications are scheduled for August 5th, and shares will be credited to Demat accounts on the same day. The company is expected to list on both BSE and NSE on August 6th.
In terms of subscription, the QIB category saw a subscription of 38.63 times. The HNI category was subscribed 40 times (39.168 times for Big HNI and 41 times for Small HNI), and the retail category was subscribed 34 times. The overall IPO was subscribed 38 times. Despite the good subscription response, the Grey Market Premium is showing some pressure. This is attributed to global market declines, such as in the Dow Jones, and news related to nuclear threats between Russia and the US, which could impact the Indian market and listing performance. Currently, the Grey Market Premium is trading at ₹45. With an expected listing price of ₹430, there’s a potential for approximately 12% listing gain, which could amount to around ₹1710 per lot.
Aditya Infote IPO Update
Allotment status updates for Aditya Infote IPO began on the morning of August 2nd, with notifications shared on the Telegram group. Applicants who applied for 22 equity shares at the cut-off price of ₹675 would receive an allotment. The total issue size for Aditya Infote was ₹1300 crore, with only 10% of shares allocated to retail investors, resulting in a low chance of allotment for this category.
Key Dates and Subscription Figures for Aditya Infote IPO: The allotment date for Aditya Infote IPO was August 1st. Refunds are scheduled for August 4th, and shares will be credited to Demat accounts on August 4th. The company is slated for listing on both BSE and NSE on August 5th.
This IPO saw a record-breaking subscription, being subscribed 106 times overall, with the QIB category alone subscribed approximately 140 times. Despite prevailing market pressures, the Grey Market Premium for Aditya Infote IPO is currently ₹35. With an estimated listing price of ₹980, there is a strong possibility of a 45-54% listing gain, potentially offering around ₹6710 per lot.
Shree Lotus Developers IPO Update
The last day to apply for the Shree Lotus Developers IPO was August 1st. Applicants who applied at the cut-off price of ₹150 for a minimum of 100 equity shares (one lot) will be considered for allotment. The total issue size for Shree Lotus Developers was ₹792 crore, with 35% of the shares reserved for retail investors. The promoters’ pre-IPO holding was 91.78%, which will decrease to 81.86% post-IPO.
Key Dates and Subscription Figures for Shree Lotus Developers IPO: The allotment status for Shree Lotus Developers IPO will be available on August 4th. Refunds are scheduled for August 5th, and shares will be credited to Demat accounts on August 5th. The company is expected to list on both BSE and NSE on August 6th.
The IPO received a very strong response, especially from QIBs, which subscribed over 175 times. Retail investors also have a higher chance of allotment in this IPO compared to MNB Engineering IPO. However, the Grey Market Premium is currently experiencing pressure due to the prevailing global economic scenario and market uncertainties affecting the Indian market. Despite this, there is an estimated 25% listing gain expected, potentially yielding around ₹3700 per lot.
NSL IPO Update
The NSL IPO also received a good response, despite the current market conditions and news. The IPO saw approximately 52 lakh applications.
Key Dates and Grey Market Premium for NSL IPO: The allotment status for the NSL IPO will be available on August 4th, and the company is scheduled to list on both BSE and NSE on August 6th.
Despite potential negative impacts from market conditions, the Grey Market Premium for NSL IPO is currently trading above ₹100. There is an estimated gain of ₹118, with a listing price of ₹918, indicating a potential 15% listing gain. This could result in a listing gain of approximately ₹2124 per lot.
Daily updates on Grey Market Premium and subscription figures for all these IPOs will continue to be provided. Feel free to ask any further questions or queries in the comments section.
