For all applicants of the Shai Gold International IPO, this article provides the latest updates on its allotment status and Grey Market Premium (GMP). Stay informed about your application and the company’s market performance.
Shai Gold International IPO: Key Details & Dates
The Shai Gold International IPO invited applications on July 25th, July 28th, and July 29th. The company had set its cut-off price at ₹199. Applicants needed to apply for a minimum of 75 equity shares.
Allotment Status: Current Update
While today, July 13th, was expected to be the day for the allotment status to become visible, the registrar’s site has not yet started displaying the information. According to SEBI guidelines, allotment status typically begins to appear on the registrar’s website by around 7:00 PM in the evening. However, as of now, the status for Shai Gold International IPO is not visible. Updates regarding when the status will start appearing will be shared as soon as they become available.
Subscription Status and Allotment Chances
The Shai Gold International IPO received a strong response from investors across various categories. The Qualified Institutional Buyers (QIB) segment was subscribed an impressive 117 times. Following this robust interest, the High Net Worth Individuals (HNI) segment also showed a strong response, subscribing 151 times.
Given these figures, the chances of allotment were as follows:
- Big HNI Category (above ₹10 lakhs): Approximately 1 in every 35 applications received an allotment.
- Small HNI Category: Allotment chances were around 1 in every 103 to 105 applications.
- Retail Investors Category: Approximately 1 in every 25 applications was expected to receive an allotment in this IPO.
Overall, the IPO was subscribed a total of 80.78 times, indicating a healthy subscription figure and continued positive momentum in its Grey Market Premium.
Grey Market Premium (GMP) Update
The strong subscription, particularly from QIBs in the final hours, has positively impacted the Grey Market Premium (GMP) of Shai Gold International IPO. The company’s GMP is currently trading at ₹38. Based on the cut-off price of ₹199 and a GMP of ₹38, the expected listing price is around ₹237. This suggests a potential listing gain of approximately 19%.
How to Check Your Shai Gold International IPO Allotment Status
Once the allotment status becomes visible on the registrar’s website, you can check it directly. You would need to visit the registrar’s website. Upon visiting the site and scrolling down, you should look for “Shai Gold International LED” company name, similar to how “GNG Electronics LED” might appear. Select the company name, choose to search by your PAN number, enter your PAN, and then fill in the provided captcha before clicking the search button to view your allotment status.
Additionally, for an early indication, if you receive a debit message from your bank for ₹14,925, it typically means you have received an allotment in the IPO. Conversely, if you receive a ‘revoke’ or ‘credit’ message, it usually indicates that you have not received an allotment.
Important Dates Ahead
Looking forward, the process for the Shai Gold International IPO continues with these key dates:
- Refund Initiation: The process for refunding application money for non-allotted shares is scheduled for tomorrow.
- Demat Account Credit: Shares for successful applicants are expected to be credited to their Demat accounts tomorrow.
- Listing Date: Shai Gold International is slated to list on both the BSE and NSE exchanges on August 1st.
For the most timely updates regarding the Shai Gold International IPO, including direct links to check your allotment status as soon as it’s live, stay connected.
