IPO Grey Market Premium (GMP) Update: July 31st Analysis for Aditya Infote, Laxmi India Finance, Shahi Gold, and More
Welcome to our daily IPO Grey Market Premium (GMP) update for July 31st. This article provides a detailed analysis of the latest GMP figures for several upcoming and recently listed IPOs. We’ll cover Aditya Infote IPO, NSL IPO, Laxmi India Finance IPO, Shahi Gold International IPO, and Brigade Hotel Ventures IPO, along with others. Stay informed on their market performance and potential listing gains.
Laxmi India Finance IPO: Last Day to Apply & GMP Insights
Today, July 31st, marks the final day to apply for the Laxmi India Finance IPO. The application period began on July 29th and 30th. The company has a face value of ₹5 and a cut-off price of ₹158. Investors need to select a minimum of 94 equity shares per lot for allotment.
This IPO is characterized by a small issue size of ₹254 crore. Out of this, ₹165 crore will go directly to the company, while approximately ₹89 crore is an Offer for Sale (OFS), allowing promoters and existing shareholders to dilute their stakes. Key dates for this book-building IPO, which will list on both BSE and NSE: allotment information will be available tomorrow. Refunds for non-allotment will be processed on August 4th, shares will be credited to Demat accounts on August 4th, and listing is expected on August 5th.
To apply, a minimum of ₹14,852 is required for one lot. Small HNI category requires ₹79,280, and Big HNI requires ₹199,360. After two days, the subscription response was not overly strong. The QIB category subscribed 0.45 times. The Grey Market Premium (GMP) for Laxmi India Finance IPO, which was previously in double digits, has now moved to single digits, trading at a 2.5% premium. This translates to an expected listing gain of around ₹162 per share, with an approximate listing price of ₹162. It is advised that only risk-takers consider applying, especially given the current market conditions. It’s recommended to check QIB and HNI subscription figures around noon before making a decision, as ‘Telef share related news’ may impact the Indian market and future GMP.
Brigade Hotel Ventures IPO: Listing Day Expectations
Today, July 31st, is the listing day for Brigade Hotel Ventures IPO. Should the market experience a significant correction, any dip in this IPO’s price could be viewed as a short-term opportunity.
Shahi Gold International IPO: Allotment Status & Listing Strategy
For those who applied to the Shahi Gold International IPO, allotment status information should have been received late last night. If you haven’t checked, a link was shared on the Telegram group to verify your status. Applicants who selected the cut-off price of ₹199 for a minimum of 75 equity shares per lot are likely to receive allotment.
Refunds for non-allotted shares are scheduled for today, July 31st. Shares will be credited to Demat accounts today, and listing on both BSE and NSE is set for August 1st. This IPO saw an impressive subscription, with the QIB category oversubscribed by 117 times, and the total subscription reaching 81 times. Consequently, on July 31st, Shahi Gold International IPO’s Grey Market Premium (GMP) stands at ₹38. This indicates an expected listing gain of around 19%, with an approximate listing price of ₹237 and a potential gain of ₹2,850 per lot. Allotted investors can anticipate a decent listing gain, especially if the market shows recovery.
Highway Infrastructure IPO: Strong GMP Performance
The Highway Infrastructure IPO continues to show a strong Grey Market Premium (GMP), trading at ₹25 today. With an issue price of ₹70, this suggests an expected listing price of ₹95, representing a listing gain of approximately 36%. Investors could potentially see a listing gain of around ₹5,275 per lot.
MNB Engineering IPO: Current GMP & Listing Projections
MNB Engineering IPO’s Grey Market Premium is currently at ₹58. Against an issue price of ₹385, the anticipated listing price is ₹443, indicating a potential listing gain of approximately 15%. This could translate to a per-lot gain of about ₹2,204.
Sri Lotus Developers IPO: Promising GMP for Future Gains
As of July 31st, the Grey Market Premium for Sri Lotus Developers IPO is updated at ₹44. With an issue price of ₹150, the expected listing price is ₹194, suggesting a listing gain of around 29%. This IPO could deliver a listing gain of approximately ₹4,400 per lot, indicating good potential for investors who receive an allotment.
NSL IPO (NSTLED IPO): Positive GMP Trend
The NSL IPO, also referred to as NSTLED IPO, has seen a positive impact on its Grey Market Premium due to strong initial day responses relative to its issue size. The GMP is currently trading at ₹135. Against an issue price of ₹800, this suggests an expected listing price of ₹935, with a listing gain of approximately 16-17%. A single lot could yield listing gains of around ₹2,430.
Aditya Infote IPO: Highest GMP & Last Day to Apply
Today, July 31st, is the final day to apply for the Aditya Infote IPO. An important update regarding the subscription response and allotment chances will be provided via video between 12 PM and 2 PM today. Allotment chances for this IPO are relatively low, so applying through multiple Demat accounts is recommended to increase your probability.
Aditya Infote IPO boasts the highest Grey Market Premium among all discussed IPOs, currently at ₹285. With an issue price of ₹675, the anticipated listing price is ₹960, indicating a substantial listing gain of approximately 42%. Per lot, investors could see gains of around ₹6,270.
Conclusion
This concludes our comprehensive July 31st IPO Grey Market Premium update. Staying informed about these figures and market conditions is crucial for making informed investment decisions. For daily IPO GMP updates and important market insights, ensure you subscribe to our channel. You can also join our Telegram group via the link in the comments for timely alerts and additional information. Feel free to leave any questions or queries in the comments section.
