IPO Grey Market Premium (GMP) Update: July 29th – Shanti Gold International, GNG Electronics & More
Welcome to today’s IPO Grey Market Premium (GMP) update for July 29th. This article provides the latest GMP figures and potential listing gains for various IPOs, including GNG Electronics IPO, NDL IPO, Lakshmi Finance IPO, Shanti Gold International IPO, Brigade Hotel Ventures IPO, and several other Main Board IPOs. Stay updated by subscribing to this channel for daily IPO GMP news, and join our Telegram group for timely updates.
Shanti Gold International IPO: Key Details and Application Status
The Shanti Gold International IPO’s application window closes today, July 29th. Applications were open from July 25th to July 29th. As today marks the final day, it will be crucial to observe the Qualified Institutional Buyers (QIB) and High Net-worth Individual (HNI) responses between 12 PM and 2 PM. HNI responses have been positive on the first and second days, and their continued interest is important. QIB response clarity is still pending.
The company’s face value is ₹10 per share. The cut-off price for applying is ₹199, which is the upper price band. Applying at this price is recommended as allotment will be through a lottery system in case of oversubscription. A minimum of 75 equity shares must be selected for one lot. The total issue size of the company is ₹360 crore, indicating a small issue size. The entire issue is fresh, meaning all funds raised will go to the company. Share allocation is set at 50% for QIBs, 35% for Retail investors, and 15% for HNIs.
Shanti Gold International IPO: Important Dates
Key dates for the Shanti Gold International IPO are as follows:
- Opening Date: July 25th (already closed).
- Closing Date: Today, July 29th. Updates on positive responses between 12 PM and 2 PM will be shared via Telegram and video.
- Tentative Allotment Date: July 30th (tomorrow, information on allotment status will be available).
- Refund Date: July 31st.
- Demat Account Credit Date: July 31st (if allotted).
- Listing Date: August 1st on both BSE and NSE.
Shanti Gold International IPO: Application Amounts and Promoter Holding
Minimum application for one lot in Shanti Gold International IPO requires ₹14,925. For the Small HNI category, ₹2,89,500 is needed, and for the Big HNI category, ₹14,90,000 is required. Promoter holding before the IPO was 99.99%, which will be 74.89% post-IPO, indicating a strong shareholding pattern.
Shanti Gold International IPO: Subscription Status and Future Strategy
As of the end of the second day, the IPO has received good responses, with subscriptions reaching approximately five times. Both HNI and Retail categories have shown positive interest. If the positive trend from HNIs and Retailers continues today, and QIBs show some positive response between 12 PM and 2 PM, an aggressive application strategy for this IPO may be considered.
Shanti Gold International IPO: Latest Grey Market Premium (GMP)
As of July 29th, the Grey Market Premium (GMP) for Shanti Gold International IPO is ₹38. Based on the cut-off price of ₹199, the expected listing price is ₹237 (₹199 + ₹38). This suggests a potential listing gain of approximately 19%. According to today’s GMP, the estimated profit per lot is around ₹2,850. We encourage you to share your application plans for Shanti Gold International IPO in the comments.
Other Notable IPOs and Their GMP Status
Here’s an update on the Grey Market Premiums for other significant IPOs:
Indicube Special IPO
The GMP for Indicube Special IPO is ₹5, indicating a potential listing gain of around 2%. The estimated listing gain is approximately ₹335. Allotment in this IPO is only likely if market conditions remain favorable.
Manhar Services IPO (Listing Today)
The Manhar Services IPO is scheduled for listing today. Its GMP is robust at 84%. This high premium suggests it might hit the upper circuit, as SME IPOs have a 90% listing gain limit. A strong listing for Manhar Services could positively influence future SME IPOs.
Brigade Hotel Ventures IPO
Initial responses for Brigade Hotel Ventures IPO were not strong on the first and second days, and QIB subscription figures at the end of the third day also remained low. Consequently, its GMP has dropped to ₹0, indicating a very low chance of listing gains.
Lakshmi India Finance IPO (Opening Today)
The Lakshmi India Finance IPO opens today, July 29th. It will be important to monitor the day’s subscription response. Currently, its GMP suggests a 6% listing gain, with an estimated listing gain of approximately ₹846. The calculated listing price is around ₹167. An evening update on subscription figures will be provided.
MNB Engineering IPO
This Main Board IPO currently has a GMP of ₹34, implying a 9% listing gain. The estimated listing gain is approximately ₹1,300, with a listing price of ₹419.
Shree Lotus IPO
As of July 29th, Shree Lotus IPO’s GMP stands at ₹40. With an estimated listing price of ₹190, it projects a 27% listing gain, translating to a potential ₹4,000 gain. This IPO is worth adding to your watchlist for study and potential application.
Highway Infrastructure IPO
This IPO has a very small issue size and shows a strong GMP of approximately 35%. This could result in a listing gain of around ₹5,275, with a listing price of about ₹95. Due to its small issue size, the chances of significant listing gains are high if you are fortunate enough to receive an allotment.
Aditya Infotech IPO (Opening Today)
Aditya Infotech IPO opens today and is trading with a very good GMP. This company is also worth adding to your watchlist. Based on a cut-off price, the listing price is projected to be ₹930 (₹255 + cut-off), with a 38% listing gain. The estimated listing gain is approximately ₹5,610.
NSL IPO
The GMP for NSL IPO is around ₹135, suggesting a 19% listing gain. The expected listing price is ₹935, with an estimated listing gain of approximately ₹2,430.
GNG Electronics IPO
The GMP for GNG Electronics IPO remains at ₹94, indicating a strong 40% listing gain. This could lead to an estimated listing gain of around ₹6,000. Feel free to share in the comments if you have received an allotment for this IPO.
Conclusion
We hope this IPO Grey Market Premium update for July 29th was informative. Thank you for watching, liking, subscribing, and sharing. We’ll return with another informative video. Until then, Jai Hind, Jai Bharat.
