Welcome! This update covers the latest Grey Market Premium (GMP) for several IPOs as of August 1st. We’ll discuss the premium percentages and estimated listing gains per lot for Aitya Infote IPO, NSDLED IPO, Laxmi India Finance IPO, Shahi Gold International IPO, and Shri Lotus Developers IPO, along with some basic details. Stay tuned till the end for comprehensive insights. For daily IPO GMP updates, subscribe to our channel and join our Telegram group (link in comments) for timely information.
Shri Lotus Developers IPO GMP Update
The application period for Shri Lotus Developers IPO was from July 13th to July 31st, making today (August 1st) the last day to apply. If you’re planning to apply, act quickly as the window closes today.
The company has a face value of ₹10 per share. The issue price is fixed at ₹150, which is the cutoff price for applications. A minimum of 100 equity shares must be selected for one lot when applying.
The total issue size is ₹792 crores, entirely a fresh issue, meaning all proceeds go to the company. The allocation breakdown is 50% for Qualified Institutional Buyers (QIBs), 35% for Retail Investors, and 15% for High Net Worth Individuals (HNIs). Although the retail allocation is significant, the medium issue size and high subscription in the retail category mean that applying with multiple Demat accounts (one lot per family member’s account) increases your chances of allotment.
If you apply today, allotment status will be known by August 4th. Refunds will be processed by 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.
Approximately ₹15,000 is required to apply for one lot in the retail category. For Small HNI, the minimum amount is around ₹2,00,000, and for Big HNI, it’s ₹10,05,000.
Pre-IPO promoter holding was 91.78%, which will decrease to 81.86% post-IPO, still indicating a strong shareholding pattern. As of the end of Day 2, QIBs subscribed 9.31 times, HNIs subscribed approximately 17 times (with Big HNI at 14 times, offering the highest chance of allotment in this category), Small HNI at 23 times, Retail Investors over 9 times, and Employees at approximately 8.46 times. The total subscription stood at 11 times.
Yesterday, the Grey Market Premium for Shri Lotus Developers IPO was ₹44, indicating a 29% premium. However, today it has seen a slight dip to ₹42. This volatility is attributed to market concerns, particularly tariff-related fears impacting GMPs. With an estimated listing price of ₹192, a listing gain of about 28% is expected, potentially yielding around ₹4200 per lot. If QIB momentum continues, a high subscription rate is likely.
Shahi Gold International IPO GMP Update & Listing Outlook
Shahi Gold International IPO is set to list today. Recall that Brigade Hotel Ventures IPO listed at a discount yesterday but recovered.
Yesterday, its GMP was ₹38, representing a 19% premium. The latest morning update shows the GMP at ₹34. Based on an issue price of ₹199 and a ₹34 gain, the estimated listing price is ₹233. This suggests a listing gain of approximately 17%, potentially delivering around ₹2500 per lot.
A listing gain of over 10% would be considered positive, potentially maintaining the positive momentum for upcoming IPOs. Conversely, a flat listing could negatively impact investor sentiment regarding future IPOs.
Highway Infrastructure IPO GMP Update
The Grey Market Premium for Highway Infrastructure IPO was ₹25 yesterday, suggesting a potential listing gain of around 35%. The estimated gain per lot was approximately ₹5275. Today, its GMP has increased to ₹31.
Based on a ₹70 issue price and a ₹31 gain, the estimated listing price would be ₹101. This indicates a potential listing gain of approximately 44%, translating to about ₹6541 per lot. This IPO, which is yet to open, is anticipated to generate strong listing gains based on current GMP trends.
LI India Finance IPO GMP Update
LI India Finance IPO’s Grey Market Premium has shown significant volatility. Yesterday morning, it was ₹4, but it has since dropped to ₹1.15. This change is directly influenced by the subscription numbers from yesterday.
With an issue price of ₹159.50 and a GMP of ₹1.15, the estimated listing price is ₹160.65. This projects a minimal listing gain of approximately 0.95%, potentially yielding around ₹141 per lot.
MAB Engineering IPO GMP Update
Today is the last day to apply for MAB Engineering IPO. Strong responses are expected, but the chances of allotment may be low due to high subscription.
Yesterday, the GMP was ₹58, suggesting a 15% listing gain. Today, it has slightly decreased to ₹57. With an issue price of ₹385 and a GMP of ₹57, the estimated listing price is ₹442. This indicates a potential listing gain of approximately 15%, translating to around ₹2166 per lot. Higher subscription numbers are expected today.
Aitya Infote IPO GMP Update: Reaching Record Highs
If you’ve applied for Aitya Infote IPO, today might be your lucky day for allotment. Its Grey Market Premium has seen a significant surge, reaching a record high. Yesterday, the GMP was ₹285, projecting a 42% listing gain.
Today, the GMP stands at ₹300. Given the cutoff price of ₹675 and a ₹300 gain, the estimated listing price is ₹975. This suggests an impressive listing gain of approximately 45%, potentially yielding around ₹6600 per lot.
NSDLED IPO GMP Update
Today is the final day to apply for NSDLED IPO.
Yesterday, the GMP was ₹135, showing some improvement, but it has now slightly decreased to ₹134.
With an issue price of ₹800 and a GMP of ₹134, the estimated listing price is ₹934. This indicates a potential listing gain of approximately 17%, which could result in a listing gain of around ₹2412 per lot.
We will continue to provide updates on any further changes in Grey Market Premium throughout the day via video. Remember to subscribe to the channel to receive these timely updates. For any further doubts or queries, feel free to leave a comment. Until our next informative video, Jai Hind, Jai Bharat!
