Today marks the final day to apply for three prominent mainboard IPOs: Shree Lotus Developers IPO, NSDL IPO, and MNB Engineering IPO. This article provides a comprehensive overview of their latest subscription figures, the likelihood of allotment, and their Grey Market Premium (GMP) trends, based on the most recent updates. Investors wishing to participate must ensure their applications are completed before the day’s cut-off.
Important Application Deadlines
For those applying via UPI or UPI ID, it is crucial to accept the mandate by 5:00 PM today. Failure to do so will prevent your participation in the allotment lottery for these three IPOs. If you are using ASBA net banking, please adhere to the specific cut-off timings provided by your respective bank. Applying before this deadline is essential to secure your chance for allotment.
MNB Engineering IPO: Subscription & Allotment Insights
The MNB Engineering IPO has a cut-off price of ₹385. To apply, investors must select a minimum of 38 equity shares. Looking at the subscription response so far:
- Qualified Institutional Buyers (QIB): Subscribed 1.62 times.
- High Net Worth Individuals (HNI): Subscribed approximately 17.91 times.
- Big HNI: Based on the strong response in this category, there’s an allotment chance for roughly one in three applications, suggesting the highest probability of allotment in this segment.
- Small HNI: Subscribed nearly 20 times.
- Retail Investors: Subscribed approximately 20.63 times.
- Employee Category: Subscribed 95.88 times.
- Total Subscription: The IPO has been subscribed 9.50 times overall, indicating an improved response compared to the first and second days.
Regarding its Grey Market Premium, the MNB Engineering IPO is showing an estimated listing gain of around 17%. The speaker notes that personally, they will be applying in the Big HNI category for this IPO.
Shree Lotus Developers IPO: Subscription & Allotment Insights
For the Shree Lotus Developers IPO, the cut-off price is ₹150. Applicants must select 100 equity shares as the minimum lot size. The subscription figures are as follows:
- Qualified Institutional Buyers (QIB): Subscribed over 10 times, with bids already exceeding ₹1500 crore, indicating a very strong response.
- High Net Worth Individuals (HNI): Subscribed approximately 38.48 times.
- Big HNI: Subscribed approximately 35.26 times, offering a higher chance of allotment in this category.
- Small HNI: Subscribed 44.91 times.
- Retail Investors: Subscribed approximately 15.54 times.
- Allotment Chances: In this IPO, the probability of allotment is highest for Big HNI investors, followed by Retail investors, and then Small HNI investors.
- Total Subscription: The IPO has been subscribed more than 18 times overall, with bids already surpassing ₹10,000 crore, reflecting robust demand.
The Grey Market Premium for Shree Lotus Developers IPO is currently trading around 29%, translating to a potential gain of over ₹4000.
NSDL IPO: Subscription & Allotment Insights
The NSDL IPO has a cut-off price of ₹800, and applicants need to select a minimum of 18 equity shares per lot. Here’s a look at its subscription status up to 12:50 PM:
- Qualified Institutional Buyers (QIB): Subscribed approximately 4 times, which is considered a good response for an IPO of this size.
- High Net Worth Individuals (HNI): Subscribed approximately 23 times.
- Big HNI: Subscribed around 24-25 times, suggesting a higher chance of allotment in this category.
- Small HNI: This category is noted to have the lowest allotment chance among Big HNI, Small HNI, and Retailers.
- Retail Investors: Subscribed 6.05 times.
- Employee Category: Subscribed 11 times.
- Total Subscription: The IPO has been subscribed 9.16 times overall.
- Bidding Amount: NSDL IPO has garnered the highest bidding amount among the three, with over ₹25,000 crore already invested. It is followed by Shree Lotus Developers IPO and then MNB Engineering IPO in terms of total funds bid.
The Grey Market Premium for NSDL IPO is trading at ₹140, indicating an approximate 17% listing gain.
IPO Prioritization & Grey Market Premium Overview
Based on the Grey Market Premium trends and allotment chances, investors are evaluating their options:
- Shree Lotus Developers IPO: Shows a strong GMP of approximately 29%, indicating potential gains over ₹4000.
- MNB Engineering IPO: Has a GMP of around 17%, but its allotment chances are noted to be slightly lower compared to the other two.
- NSDL IPO: Shows a GMP of ₹140, translating to roughly a 17% listing gain.
If the primary goal is to maximize allotment chances, considering NSDL and Shree Lotus Developers IPOs might be more favorable.
When asked for a personal priority among these three IPOs, the speaker ranks them as follows:
- Shree Lotus Developers IPO
- NSDL IPO
- MNB Engineering IPO
Stay tuned for further updates on the final subscription figures after 5:00 PM, which will provide a more detailed insight into the allotment chances for each IPO.
