Welcome, everyone! This article provides the latest Grey Market Premium (GMP) updates as of July 28th, 2023. We will delve into the current premium percentages and potential listing gains per lot for several IPOs, including GNG Electronics IPO, Indegene Space IPO, Lakshmi India Finance IPO, Shakti International IPO, Brigade Hotel Ventures IPO, NSL IPO, and Monarch Surveyors IPO. For daily IPO GMP updates and related news, subscribe to our channel and join our Telegram group via the link in the comments for timely information.
Monarch Surveyors IPO GMP Update
For those fortunate enough to receive an allotment in the Monarch Surveyors IPO, the Grey Market Premium (GMP) is currently trading at ₹210. With a listing price of ₹460 (based on ₹250 issue price and ₹210 gain), this indicates a potential listing gain of approximately 84%. For two lots, the estimated gain, according to current GMP, is around ₹150. If you applied for this IPO, share in the comments if you received an allotment. The speaker personally applied but did not receive an allotment.
Indegene Space IPO: Allotment & GMP Details
The Indegene Space IPO was open for subscription from July 23rd to July 25th. The shares allocated will have a face value of ₹1, with a cut-off price of ₹237 per share. A minimum of 30 equity shares were required per lot. The total issue size for this IPO was ₹700 crore, with 10% reserved for retail investors.
Important dates include July 28th for allotment status (updates will be shared on the Telegram group) and July 29th for share credit to Demat accounts. The tentative listing date is July 30th on both BSE and NSE.
Subscription figures showed strong interest: QIB category was subscribed over 15 times, HNI category (Big HNI) over 8 times, and Small HNI category over 9 times. Retail investors subscribed over 13 times. The total subscription reached over 13 times, with the employee category at around 7 times.
However, the Grey Market Premium for Indegene Space IPO on July 28th is showing a less positive momentum, with a listing price of ₹242 (based on a ₹242 cut-off price). This suggests a chance of only a 2% listing gain, translating to around ₹335.
Brigade Hotel Ventures IPO: Last Day to Apply & GMP
Today, July 28th, marks the final day to apply for the Brigade Hotel Ventures IPO. Investors, especially risk-takers, were advised to monitor QIB and HNI responses between 12 PM and 2 PM before applying. The cut-off price is ₹90, and a minimum of 16 shares are to be selected per lot. The fresh issue size is ₹760 crore, with approximately 9% allocated to retail investors (including a shareholders’ category).
Allotment status will be available on July 29th, with refunds processed on July 30th if not allotted. Shares will be credited to Demat accounts on July 30th, and listing on BSE and NSE is scheduled for July 31st. A minimum application amount of ₹14,940 is required for one lot.
Subscription figures after day two: overall 1.27 times subscribed. The employee category subscribed 0.60 times, the retail category around 5 times, and the shareholder category at 2 times. The Grey Market Premium for Brigade Hotel Ventures IPO on July 28th is trading at ₹2, resulting in a listing price of ₹92 and a potential listing gain of approximately 2% (around ₹122).
Shakti International IPO: Application Details & GMP
The Shakti International IPO opened for applications on July 25th (Day 1). Today, July 28th, is Day 2 for applying, and July 29th will be the last day. The face value is ₹10. The upper price band of ₹119 should be used for applications, with a minimum of 75 equity shares per lot. The issue size is relatively small at ₹360 crore, with 35% reserved for retail investors, increasing allotment chances for individual applicants. However, due to the small issue size, higher competition is expected. Applying from multiple family member Demat accounts may improve allotment chances.
Listing will occur on both BSE and NSE. Allotment status will be available on July 30th, refunds on July 31st, Demat credit on July 31st, and listing on August 1st. A minimum of ₹14,925 is required for one lot. Promoter holding was 100% pre-IPO and will be around 75% post-IPO. After day one, the IPO was subscribed 1.16 times, with good responses across all categories.
The Grey Market Premium for Shakti International IPO on July 28th is approximately 20%. This suggests a listing price of ₹237 and a potential listing gain of around 19% (approximately ₹2850). Strong subscription numbers in the coming days could lead to increased positive momentum in its GMP.
Lakshmi India Finance IPO: Upcoming & GMP Outlook
The Lakshmi India Finance IPO is an upcoming IPO. As of July 28th, its Grey Market Premium is trading at ₹13. This projects a listing price of ₹171, suggesting an 8% chance of listing gain, potentially yielding around ₹122. This GMP is currently trading as per SH report.
NSL IPO: GMP Trend & Future Outlook
The NSL IPO has seen a continuous decline in its Grey Market Premium. Future subscription numbers (Day 1 and Day 2) will be crucial. Currently, the NSL IPO’s GMP is ₹135. With an issue price of ₹800, the projected listing price is ₹935. This indicates a potential listing gain of approximately 17%, translating to around ₹2430. This GMP is currently trading as per SH report. Investors are advised to observe the subscription figures before planning to apply.
GNG Electronics IPO: Allotment Status & GMP
Today, July 28th, is a significant date for the GNG Electronics IPO as allotment status information will be available. The Grey Market Premium for GNG Electronics IPO is ₹94. With an issue price of ₹237, the projected listing price is ₹331. This suggests a potential listing gain of approximately 40%, which could mean a gain of around ₹5922 per lot. Allotment status updates will be shared late tonight on the Telegram group.
We hope this comprehensive update on various IPOs’ Grey Market Premium and allotment statuses for July 28th, 2023, was informative. Stay connected for further updates by subscribing and joining our Telegram group. Feel free to ask any questions in the comments section. Until next time, Jai Hind, Jai Bharat.
