IPO Allotment Status and Grey Market Premium Updates: Gem Aromatics, Shreeji Shipping, Patel Retail, and Vikram Solar
Welcome to this comprehensive update on four main board IPOs: Gem Aromatics, Shreeji Shipping Global, Patel Retail, and Vikram Solar. Yesterday marked the final day to apply for these IPOs. Today, August 22nd, is a crucial day as their allotment statuses are expected to become visible. In this article, we will delve into the details of their allotment, refund and listing dates, subscription figures, and their current Grey Market Premium (GMP).
For daily IPO and Grey Market Premium updates, remember to subscribe and join our Telegram group via the link in the comments.
Gem Aromatics IPO: Allotment Status & Details
The application period for Gem Aromatics IPO was from August 19th to August 21st, with August 21st being the last day to apply. Investors who applied at the cut-off price of ₹325 for a minimum of 46 equity shares will soon know their allotment status.
This IPO had an issue size of ₹451 crore, with 35% reserved for retail investors. Due to its relatively small issue size, the IPO saw significant oversubscription, which has made the chances of allotment slightly lower. The allotment status is expected today, August 22nd. Refunds for non-allotted applications are scheduled for Monday, August 25th. Shares will be credited to Demat accounts on August 25th, and the company is expected to list on both BSE and NSE on August 26th.
Subscription figures indicate that the Qualified Institutional Buyers (QIB) category was subscribed approximately 54 times, and the High Net-worth Individual (HNI) category around 45 times. For Big HNI applicants, the chance of allotment was roughly 1 in 9 applications. Small HNI applicants had a chance of 1 in 38 applications. In the retail category, despite being subscribed approximately 10 times (and generally around 30 times), some factors have increased the allotment chances to about 1 in 9 applications.
To check your allotment status, you can visit the company’s registrar site directly. A link will be shared in our Telegram group. Once on the site, scroll down, select “Gem Aromatics Limited,” enter your PAN number, and click submit to view your allotment details.
Shreeji Shipping Global IPO: Allotment & Listing
For those who applied to the Shreeji Shipping Global IPO between August 19th and August 21st, the allotment status will be available today, August 22nd. Refunds for unsuccessful applications are slated for August 25th, with shares credited to Demat accounts on the same day. The company is set to list on both BSE and NSE on August 26th.
The QIB category for Shreeji Shipping Global IPO was subscribed over 110 times. In the Big HNI category (for applications above ₹10 lakh), the chance of allotment was approximately 1 in 14 applications. Small HNI applicants had a chance of 1 in 69 applications. Retail investors saw a chance of allotment around 1 in 18 applications. Overall, the IPO was subscribed approximately 58 times, with roughly 19-20 lakh applications received, indicating a good response.
To check the allotment status, a direct link to the registrar site will be shared in the Telegram group. On the site, select “Shreeji Shipping Global IPO,” enter your PAN number and the provided CAPTCHA, then click search to find your allotment information.
Patel Retail IPO: Subscription & Allotment
The application window for Patel Retail IPO was also from August 19th to August 21st. The allotment status for this IPO will be visible today, August 22nd, on its registrar site. If you are not allotted shares, refunds will be processed on August 25th, and shares for successful applicants will be credited to Demat accounts on August 25th. The company’s listing on both BSE and NSE is scheduled for August 26th.
Patel Retail IPO witnessed record-breaking subscription figures. The QIB category was subscribed approximately 272 times, while the HNI category saw about 108 times subscription. Specifically, Big HNI applications were subscribed around 102 times, leading to an allotment chance of approximately 1 in 20 applications. Small HNI applicants, with a subscription of about 120 times, had an allotment chance of roughly 1 in 113 applications. The retail category was subscribed around 42 times, resulting in an allotment chance of approximately 1 in 33 applications. In total, the IPO was subscribed 95.69 times, attracting 28 lakh applications.
The registrar for Patel Retail IPO is Bigshare Services Private Limited. A link to their site will be shared on our Telegram group once the allotment status becomes visible. On the site, select the company name, enter your PAN number and CAPTCHA, then click search to check your allotment.
Vikram Solar IPO: Allotment Updates
For Vikram Solar IPO applicants, the allotment status is expected today, August 22nd. Refunds for unallotted applications are scheduled for August 25th, and shares will be credited to Demat accounts on the same day. The company is slated for listing on both BSE and NSE on August 26th.
Regarding allotment chances, Big HNI applicants have an approximate chance of 1 in 12 applications. Small HNI applicants, with the category subscribed around 39 times, have a chance of approximately 1 in 37 applications. Retail investors have a chance of around 1 in 6 applications.
The registrar for Vikram Solar IPO is MUGf. Its allotment status is expected to be visible late tonight or by tomorrow morning, and updates, including the direct link, will be shared on our Telegram group.
Grey Market Premium (GMP) Insights
The allotment status for all four IPOs is generally expected to become visible late tonight, between 10 PM and 12 AM. We will provide updates on our Telegram group as soon as the links are active.
Here’s an overview of the current Grey Market Premium (GMP) for these IPOs:
- Patel Retail IPO: Currently trading with a GMP of approximately 18-19%. This suggests an estimated listing price of around ₹2800.
- Shreeji Global IPO: Its GMP is around 13%, indicating a potential listing price of approximately ₹1900.
- Gem Aromatics IPO: This IPO has a GMP of about 8%, with an estimated listing price of around ₹1200.
- Vikram Solar IPO: The GMP for Vikram Solar IPO is around 12%, suggesting a likely listing price of approximately ₹1800.
We encourage you to share in the comments which of these IPOs you applied to and how many lots.
