Now Reading: GV Electricals IPO allotment finalised today, listing on Aug 12
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GV Electricals IPO allotment finalised today, listing on Aug 12
GV Electricals IPO allotment finalised today, listing on Aug 12
GV Electricals IPO share allotment will be finalised on Monday, 10 August. The IPO was subscribed 169.26 times. Investors can check allotment status on the Mudra RTA portal or BSE website. Successful…
The Story in Brief
GV Electricals IPO share allotment will be finalised on Monday, 10 August. The IPO was subscribed 169.26 times. Investors can check allotment status on the Mudra RTA portal or BSE website. Successful investors will get shares in demat accounts by 11 August, while refunds for non-allottees will start the same day. The listing is scheduled for 12 August.
The grey market premium (GMP) is around ₹26, indicating an estimated listing price of ₹156, a 20% gain over the IPO price of ₹130. The GMP has trended upward over the past 15 sessions, ranging from ₹18 to ₹26, according to grey market observers.
The Indian Opinion
IPO grey market premiums are often treated as a sure sign of listing gains, but they reflect only speculative sentiment. GV Electricals' 169-times subscription suggests strong demand, but high oversubscription alone does not guarantee sustained returns. Many heavily subscribed IPOs have disappointed after listing. The real test is the company's financial performance and the stock's stability after the first few trading sessions. Will the listing price hold above ₹156? That remains to be seen.
Source: livemint.com
This story was synthesised by AI from the source linked above.
