Now Reading: Technocraft Ventures IPO allotment finalised, listing on August 14
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Technocraft Ventures IPO allotment finalised, listing on August 14
Technocraft Ventures IPO allotment finalised, listing on August 14
Technocraft Ventures IPO share allotment was finalised on Wednesday, 12 August. The issue was oversubscribed 38.69 times, with bidding open from 7 to 11 August. Investors can check allotment status on registrar…
The Story in Brief
Technocraft Ventures IPO share allotment was finalised on Wednesday, 12 August. The issue was oversubscribed 38.69 times, with bidding open from 7 to 11 August. Investors can check allotment status on registrar Bigshare Services' portal using PAN, Beneficiary ID or application number.
Shares will be credited to demat accounts on 13 August, and refunds for unallotted applicants will begin the same day. Listing on NSE and BSE is set for 14 August. In the grey market, the stock commands a premium of Rs 27 over the issue price of Rs 212, implying an estimated listing price of Rs 239, a 12.74% gain.
The Indian Opinion
The grey market premium (GMP) of Rs 27 is being touted as a sign of strong listing gains, but oversubscription figures can be misleading, much of the demand comes from high-net-worth individuals and institutions who may exit on listing day. The real test will be the stock's opening price on 14 August and whether retail investors who applied at the upper band can actually sell at a profit. Will the GMP hold once trading begins?
Source: livemint.com
This story was synthesised by AI from the source linked above.
