Now Reading: Aegeus Technologies IPO allotment due today, GMP at Rs 12
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Aegeus Technologies IPO allotment due today, GMP at Rs 12
Aegeus Technologies is likely to finalise its IPO allotment on Friday, 7 August, after strong demand across investor categories. The retail portion was subscribed 25.59 times, while qualified institutional buyers and non-institutional…
The Story in Brief
Aegeus Technologies is likely to finalise its IPO allotment on Friday, 7 August, after strong demand across investor categories. The retail portion was subscribed 25.59 times, while qualified institutional buyers and non-institutional investors subscribed 23.88 times and 23.25 times, respectively.
Investorgain puts the grey market premium at Rs 12, implying an estimated listing price of Rs 117 against the issue price of Rs 105. The shares are scheduled to list on the BSE SME platform on 11 August. Investors can check allotment through Skyline Financial Services or the BSE website using their PAN, application number or Demat account details. The company raised Rs 6.01 crore from anchor investors before the issue.
The Indian Opinion
A large grey market premium and heavy subscription can make an IPO look like a quick gain, but neither guarantees allotment or listing profits. The grey market is informal, and Aegeus Technologies still faces the risks of a small-company SME listing. Investors should first examine the company’s robotic solar cleaning business, planned manufacturing expansion and working-capital needs. The listing price on 11 August will provide the first hard test of the Rs 117 estimate.
Source: livemint.com
This story was synthesised by AI from the source linked above.
