Welcome to this comprehensive update on the allotment status and Grey Market Premium (GMP) for three significant IPOs: MNB Engineering, Shrilotus Developers, and NSTL. This article will guide you on how and when to check your allotment status for these IPOs, along with a look at their latest GMP figures.
MNB Engineering IPO Allotment & Details
The application window for MNB Engineering IPO closed on August 1st. The company has a face value of ₹10 per share, and the shares were priced at an upper band of ₹385. Investors who applied at this upper price band and selected the minimum equity shares are expected to receive an allotment.
Key Dates for MNB Engineering IPO
- Allotment Status: Expected on Monday, August 4th, in the evening on the registrar’s website.
- Refunds: August 5th.
- Demat Account Credit: August 5th.
- Listing Date: August 6th on both BSE and NSE.
Subscription Details for MNB Engineering IPO
The MNB Engineering IPO received a total subscription of 38.11 times. Here’s a breakdown by category:
- Qualified Institutional Buyers (QIB): Approximately 38 times subscribed.
- High Net-worth Individuals (HNI): Approximately 40 times subscribed.
- Big HNI: Approximately 40 times subscribed, with an allotment chance of 1 in 8 applications.
- Small HNI: Approximately 41 times subscribed, with an allotment chance of 1 in 36 applications.
- Retail Investors: 34.36 times subscribed, with an allotment chance of 1 in 28 applications.
- Employees: 8.59 times subscribed.
Notably, this IPO recorded the lowest total subscription among the three discussed. Furthermore, the chance of allotment for retail investors is relatively low as only 10% of the total issue size was reserved for this category.
How to Check MNB Engineering IPO Allotment Status
To check your allotment status, you can visit the registrar’s website directly. A link will be shared on the Telegram group (which has over 10,000 members) as soon as the status is live on Monday. Once on the site, scroll down and select “MNB Engineering Ltd.” from the list of companies. Enter your PAN number and click “Submit” to view your allotment details.
MNB Engineering IPO Grey Market Premium (GMP)
The Grey Market Premium (GMP) for MNB Engineering IPO is trading at ₹45. This suggests a potential listing gain of approximately 11%. The IPO is expected to list with a gain of around ₹110 per share.
Shrilotus Developers IPO Allotment & Details
Shrilotus Developers IPO was open for applications on July 13th, July 31st, and August 1st. To receive an allotment, investors would have needed to apply at the cut-off price of ₹150 and selected a minimum of 100 equity shares per lot. The company’s issue was entirely a fresh issue with a size of ₹792 crore, and 35% of the shares were reserved for retail investors, which could lead to a slightly higher chance of retail allotment.
Key Dates for Shrilotus Developers IPO
- Allotment Status: Expected on Monday, August 4th.
- Refunds: August 5th.
- Demat Account Credit: August 5th.
- Listing Date: August 6th on both BSE and NSE.
Subscription Details for Shrilotus Developers IPO
Shrilotus Developers IPO was the most subscribed among the three IPOs discussed, with a total subscription of 74 times. Approximately 35 lakh applications were received. Here’s a category-wise breakdown:
- Qualified Institutional Buyers (QIB): Subscribed over 175 times.
- High Net-worth Individuals (HNI): 61.82 times subscribed.
- Big HNI: Approximately 59 times subscribed, with an allotment chance of 1 in 10 applications.
- Small HNI: Approximately 67 times subscribed, with an allotment chance of 1 in 61 applications.
- Retail Investors: 21.77 times subscribed, with an allotment chance of 1 in 16-17 applications.
- Employees: 21.237 times subscribed.
How to Check Shrilotus Developers IPO Allotment Status
You can check your allotment status on the registrar’s website. A direct link will be shared in the Telegram group on Monday. Once on the site, scroll down and select “Shrilotus Developers Ltd.” from the list. You can then enter your PAN, Demat Account number, or Application number, fill in the captcha, and click “Submit” to view your allotment status.
Shrilotus Developers IPO Grey Market Premium (GMP)
The Grey Market Premium (GMP) for Shrilotus Developers IPO is trading at ₹37. This indicates a potential listing gain of approximately 25%.
NSTL IPO Allotment & Details
The NSTL IPO application period was from July 13th, July 31st, to August 1st. The company has a face value of ₹2 per share, with an upper price band of ₹800. For allotment, investors needed to apply at the upper price band, selecting a minimum of 18 equity shares per lot. With a total issue size of ₹4000 crore, and 35% of the shares reserved for retail investors, this IPO offers a maximum chance of allotment for retail applicants among the three.
Key Dates for NSTL IPO
- Allotment Status: Expected on Monday, August 4th.
- Refunds: August 5th.
- Demat Account Credit: August 5th.
- Listing Date: August 6th on both BSE and NSE.
Subscription Details for NSTL IPO
The NSTL IPO received a total subscription of 41 times, with approximately 52 lakh applications, making it the IPO with the highest number of applications among the three. Here’s the category-wise subscription:
- Qualified Institutional Buyers (QIB): 104 times subscribed.
- High Net-worth Individuals (HNI): Approximately 35 times subscribed.
- Big HNI: Approximately 37-38 times subscribed, with an allotment chance of 1 in 7 applications.
- Small HNI: Approximately 29 times subscribed, with an allotment chance of 1 in 26 applications.
- Retail Investors: 7.76 times subscribed, with an allotment chance of 1 in 5 applications.
- Employees: Subscribed over 15 times.
How to Check NSTL IPO Allotment Status
The registrar for NSTL IPO is MUFG. A direct link to the registrar’s website will be shared in the Telegram group late on Monday night. Once on the site, scroll down and select “NSTL Ltd.” from the list. Enter your PAN number and click “Submit” to check if you’ve received an allotment.
NSTL IPO Grey Market Premium (GMP)
As of August 2nd, the Grey Market Premium (GMP) for NSTL IPO is trading at ₹18. The expected listing price is ₹918. There is a chance of receiving a listing gain of approximately 15%, which could amount to around ₹2124 per lot.
Summary of Grey Market Premiums (GMPs)
- MNB Engineering IPO: GMP ₹45, approximately 11% listing gain.
- Shrilotus Developers IPO: GMP ₹37, approximately 25% listing gain.
- NSTL IPO: GMP ₹18, expected listing price ₹918, approximately 15% listing gain (potentially ₹2124 per lot).
Stay tuned for further updates on these IPOs’ allotment statuses. If you have any questions or queries, feel free to leave a comment below!
