Today marks the final day for applying to both the Aitya Infotek IPO and the Laxmi India Finance IPO. This article delves into the detailed responses seen for both IPOs and provides insights on which one might be a more favorable application choice amidst current market volatility. For daily IPO updates and Grey Market Premium (GMP) insights, stay connected.
Laxmi India Finance IPO: Subscription Status and GMP
For those considering applying to the Laxmi India Finance IPO, the company’s cut-off price is set at ₹158. To be eligible for allotment, a minimum of 94 equity shares must be selected during the application process.
As of 1:00 PM today, the IPO’s response has not been as positive as expected, particularly from Qualified Institutional Buyers (QIBs). The QIB category has been subscribed only 0.45 times. In the HNI (High Net Worth Individual) category, the IPO has seen a subscription of 1.06 times, with Big HNIs at 0.94 times and Small HNIs at 1.32 times. Retail investors have shown a subscription of 1.78 times, and the Employee category is subscribed 1.32 times. The overall subscription figure stands at 1.25 times.
Reflecting this lukewarm response, the Grey Market Premium (GMP) for Laxmi India Finance IPO, which initially started in double digits, has now dropped to ₹1. Given the current subscription figures, even if QIB response improves slightly in the final hours, the chances of a significant positive listing appear to be low.
Aitya Infotek IPO: Robust Subscription and Listing Gain Potential
The Aitya Infotek IPO also has its last day for applications today. More detailed discussions on the total subscription by 5 PM and allotment chances will be available in a subsequent update. The cut-off price for this IPO is ₹675, and applicants must select a minimum of 22 equity shares (one lot) to be considered for allotment.
As of 1:05 PM, the Aitya Infotek IPO has shown a significantly strong subscription response. The QIB category has been subscribed 11 times, a substantial improvement from its initial day’s response. The HNI category has seen robust interest, subscribing 43.25 times, with Big HNIs at approximately 44 times and Small HNIs at 42.02 times. Retail investors have subscribed 37.54 times, and the Employee category is at 06.07 times. The total subscription figure currently stands at 24.51 times.
Regarding allotment chances, Big HNI category applicants appear to have the highest probability of receiving an allotment, followed by Retailers, and then Small HNIs. Given the current momentum, it is highly anticipated that the IPO will be subscribed even more in the final hours.
The Grey Market Premium (GMP) for Aitya Infotek IPO is currently trading at ₹285. Based on this, the estimated listing price is around ₹960, indicating a potential listing gain of approximately 42%, which translates to about ₹6270. This suggests a high likelihood of good listing gains if the strong subscription trend continues.
IPO Application Strategy: Aitya Infotek or Laxmi India Finance?
When considering which IPO to apply for today, especially if you are not a risk-taker, the Aitya Infotek IPO appears to be the more favorable option. Based on personal assessment, an aggressive application strategy is being adopted for the Aitya Infotek IPO, while there are no plans to apply for the Laxmi India Finance IPO. The Aitya Infotek IPO’s positive momentum in subscription and a healthy Grey Market Premium point towards a strong potential for listing gains.
