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Gaja Alternative IPO Allotment Set; GMP Signals Possible Listing Gains

Gaja Alternative IPO Allotment Set; GMP Signals Possible Listing Gains
Gaja Alternative IPO: Focus shifts to allotment date; latest GMP, 6 steps to check status · livemint.com

Gaja Alternative Asset Management offered shares to investors in an IPO.

The offer opened on 19 August and closed on 21 August.

Many investors applied, and the issue was subscribed 31.33 times.

The company will decide who receives shares on 24 August.

People who do not receive shares should get refunds starting 25 August.

Successful applicants should see shares in their demat accounts that day.

The shares are planned to begin trading on 26 August.

Investors can check their result through the registrar, BSE, or NSE websites.

The grey market suggests the shares could list above the IPO price, but this is only an estimate.

Key facts

IPO subscription
31.33 times on the third day
IPO subscription period
19 August to 21 August
Allotment date
Monday, 24 August
Grey market premium
₹19
Estimated listing price
₹179 per share
IPO price
₹160 per share
Scheduled listing date
Wednesday, 26 August

Sources

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