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.