1 week ago
Shankesh Jewellers IPO Allotment Finalised; GMP Indicates Possible Listing Gains
Shankesh Jewellers offered shares to the public through an IPO.
Investors can now check whether they received shares.
The registrar handling the allotment is Kfin Technologies.
The grey market premium is ₹5, which suggests a possible listing price of ₹98.
This estimate is above the IPO price of ₹93, but it is not guaranteed.
People who do not receive shares are expected to get refunds.
Successful applicants are expected to receive shares in their demat accounts.
The report says refunds, credits and the stock listing are planned for 24 and 25 August.
Shankesh Jewellers IPO allotment is scheduled to be finalised on Friday, 21 August, according to the report.
The IPO’s grey market premium is ₹5, implying an estimated listing price of ₹98, or 5.38% above the ₹93 issue price.
The IPO was subscribed 2.80 times on the reported final bidding day, according to BSE data.
Refunds and demat-account credits are scheduled for Monday, 24 August, while listing is planned for Tuesday, 25 August.
Investors can check allotment status through Kfin Technologies, BSE or NSE using application, PAN or demat details.
- Who
- Investors who applied for the Shankesh Jewellers IPO, along with Shankesh Jewellers and its registrar, Kfin Technologies Ltd.
- What
- The IPO share allotment is being finalised, with investors able to check their allocation status.
- Where
- Allotment status can be checked through the Kfin Technologies, BSE or NSE websites.
- When
- Allotment is scheduled for Friday, 21 August; refunds and demat credits are scheduled for Monday, 24 August; listing is planned for Tuesday, 25 August.
- Why
- To inform applicants whether they received shares and explain the expected refund, credit and listing schedule.
Key facts
- IPO price
- ₹93 per share
- Current GMP
- ₹5
- Estimated listing price
- ₹98 per share, according to the grey-market estimate
- Estimated premium
- 5.38% above the IPO price
- Subscription
- 2.80 times, according to BSE data
- Registrar
- Kfin Technologies Ltd
- Planned listing date
- Tuesday, 25 August
Sources
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