Now Reading: Gaja IPO allotment status: check via registrar, NSE or BSE
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Gaja IPO allotment status: check via registrar, NSE or BSE
Applicants for the Gaja Alternative Asset Management IPO can check their allotment status through three channels: the registrar MUFG Intime India's portal, the NSE website, or the BSE website. The process requires…
Applicants for the Gaja Alternative Asset Management IPO can check their allotment status through three channels: the registrar MUFG Intime India's portal, the NSE website, or the BSE website. The process requires selecting the issue, entering the application number or PAN, and verifying via captcha.
The IPO, priced at Rs 152-160 per share with a lot size of 93 equity shares, was subscribed 31.33 times overall between August 19-21. It raised Rs 550 crore, with bids worth Rs 12,700 crore from over 14.36 lakh applications. Retail portion saw 11.04 times subscription, NIIs 62.35 times, and QIBs 43.58 times.
Shares are set to list on BSE and NSE on August 26. The grey market premium (GMP) is Rs 19-20, indicating a potential 12% listing gain. Refunds will be processed on August 25.
Indian Opinion Analysis
Gaja's strong subscription reflects investor appetite for alternative asset management firms, a niche segment that has seen growing interest after recent successful listings. The 31-times overall subscription, especially the 62-times from non-institutional investors, signals confidence in the company's business model. However, the relatively modest GMP of 12% suggests muted listing gains compared to some recent IPOs. The key metric to watch on listing day will be the actual premium over the issue price, which will test whether the retail rush sustains or profit-taking begins.
Watch for the listing price on August 26 relative to the GMP.
Source: businesstoday.in
This story was synthesised by AI from the source linked above.
