Aditya Infotech IPO & Laxmi India Finance IPO: Allotment Status, Subscription & Listing Prospects
Hello everyone! This article provides a detailed look into the allotment status, subscription figures, and future prospects of two mainboard IPOs: Aditya Infotech IPO and Laxmi India Finance IPO. If you’ve applied to either of these IPOs, we’ll cover when the allotment status will be visible, which registrar site to check, and in which IPO you might see a significant number of application cancellations, potentially increasing your chances of allotment.
Laxmi India Finance IPO: Application Details and Subscription Analysis
The application window for the Laxmi India Finance IPO was open on July 29th, July 30th, and July 31st. As of August 1st, information regarding your allotment status should become available on the company’s registrar site.
Looking at the subscription figures, the Qualified Institutional Buyers (QIB) category saw a subscription of approximately 1.30 times. The Non-Institutional Investors (HNI) category was subscribed about 1.83 times, with Big HNI reaching 1.82 times and Small HNI at approximately 1.87 times. If you applied in the Big HNI category and encountered no mistakes, you have a 100% chance of allotment due to the low subscription rate. The Retailers category was subscribed around 2.20 times, and the Employee category saw a subscription of approximately 1.54 times.
Overall, this IPO was subscribed a total of 1.86 times. This lower-than-expected subscription across categories, including QIB and Retailers, reflects in its current Grey Market Premium (GMP) which stands at ₹1. This means the GMP is less than 1%, suggesting that, given current market conditions, the chances of significant listing gains appear minimal.
Aditya Infotech IPO: Key Dates, Allotment Chances & Strong GMP
The Aditya Infotech IPO also had its application period on July 29th, July 30th, and July 31st. The company’s face value is ₹10 per share, and shares will be allocated at a cut-off price of ₹675, with a minimum of 22 equity shares per lot. Allotment will be done through a lottery system. It’s important to note that applications made at the lower or middle price bands are likely to be rejected.
The allotment status for Aditya Infotech IPO is expected to be visible on the registrar’s website by late night on August 1st. If not on Friday, then it might be visible on Monday, August 4th. For lucky applicants, shares will be credited to Demat accounts by August 4th, and the company is expected to list on both BSE and NSE on August 5th.
Subscription Figures:
- QIB Category: Over 140 times subscribed.
- HNI Category: Approximately 75.93 times subscribed (Big HNI: 78.86 times, Small HNI: 70.07 times).
- Retailers Category: Approximately 53.81 times subscribed.
- Employee Category: Approximately 9.01 times subscribed.
- Total Subscription: 106 times.
Allotment Chances:
- Big HNI: 1 in 16 applications.
- Small HNI: 1 in 67 applications.
- Retailers: 1 in 42 applications.
It’s crucial to always apply at the cut-off price for mainboard IPOs. Out of approximately 10.28 crore equity shares bid (4,674,977 lots), bids for 8.66 crore equity shares (3,937,500 lots) were placed at the cut-off price. Applications made at the lower or middle price bands, totaling about 1.62 crore equity shares (737,387 lots), will not be considered for allotment and are effectively rejected even before the lottery. Refunds for both allotted and unallotted applications are expected on Monday.
Checking Allotment Status for Both IPOs
Both Aditya Infotech IPO and Laxmi India Finance IPO share the same registrar. To check your allotment status:
- Visit the registrar’s website (a link will be shared in the Telegram group for timely updates).
- Scroll down until you see the company names listed.
- Select the relevant company.
- Enter your PAN number.
- Click “Submit” to view your allotment status.
The allotment status for both IPOs could appear on the registrar site between 10 PM and 12 AM tonight, or possibly by Friday/Saturday morning. If not then, it will likely be visible on Monday morning.
GMP and Listing Gain Comparison
While Laxmi India Finance IPO’s Grey Market Premium (GMP) is not robust enough to expect significant listing gains, Aditya Infotech IPO shows strong potential. Despite current market fluctuations, Aditya Infotech IPO’s GMP stands at ₹320. With a cut-off price of ₹675, the estimated listing price is ₹995, indicating a listing gain of approximately 47%. This translates to a gain of over ₹7,000 per lot for Aditya Infotech IPO.
Furthermore, Aditya Infotech IPO’s strong valuation and overwhelming QIB response suggest a positive momentum for the company even after listing. Any market dips might present an opportunity to consider this company.
We will continue to provide updates on the allotment status for both IPOs. If you receive any debit, credit, or revoke messages from your bank, please share them in the comments section. We will also update you if we receive any such messages.
