3 weeks ago
GV Electricals IPO Allotment Finalised Today; Listing Set for Wednesday
A company called GV Electricals is selling its shares to the public for the first time, which is called an IPO.
Many people wanted to buy these shares, and the offer was subscribed 169.26 times.
Today, Monday, the company is deciding who gets shares in a process called allotment.
People who applied can check the result on the registrar's website.
Investors who get shares will receive them in their demat account on Tuesday.
People who do not get shares will get their money back, also starting Tuesday.
Before the shares officially appear on the stock market, they are traded unofficially in what is called the grey market.
The grey market premium is ₹26, which means people expect the shares to be worth more than the IPO price.
The estimated listing price is ₹156, which is 20% higher than the IPO price of ₹130.
The shares will officially start trading on the stock exchange on Wednesday, 12 August.
GV Electricals IPO share allotment will be finalised on Monday, 10 August.
The IPO was subscribed 169.26 times on the third bidding day.
The grey market premium stands at ₹26, implying an estimated listing price of ₹156, 20% above the IPO price of ₹130.
Refunds for unsuccessful applicants and demat crediting for successful investors begin on Tuesday, 11 August.
GV Electricals shares are scheduled to list on Wednesday, 12 August.
- Who
- Investors who applied for the GV Electricals IPO
- What
- GV Electricals IPO share allotment is being finalised, with refunds and demat crediting to follow before listing
- Where
- India, with allotment status available on the Mudra RTA registrar portal and the BSE website
- When
- Allotment on Monday, 10 August; refunds and demat crediting on Tuesday, 11 August; listing on Wednesday, 12 August
- Why
- To confirm share allocations, process refunds for unsuccessful applicants, and prepare for the share listing
Key facts
- IPO Price
- ₹130 per share
- Estimated Listing Price
- ₹156 per share
- Grey Market Premium (GMP)
- +₹26 (trended between ₹18 and ₹26 over 15 sessions)
- Subscription
- 169.26 times on the third bidding day
- Registrar
- Mudra RTA Ventures Private Ltd
- Allotment Date
- Monday, 10 August
- Refund and Demat Credit Date
- Tuesday, 11 August
- Listing Date
- Wednesday, 12 August
Sources
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