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Advit Jewels IPO: Allotment Today!
29 Jun
Summary
- Advit Jewels IPO allotment status is expected today, June 29.
- The IPO saw an overwhelming subscription of 212.63 times.
- Grey market suggests a listing price of Rs 190, over 37% gain.
The share allotment for the Advit Jewels IPO is expected to be finalized today, June 29. Investors can check their status online via the BSE or NSE websites, or through the registrar, Bigshare Services. The IPO, which opened on June 23 and closed on June 25, recorded a remarkable overall subscription of 212.63 times.
Qualified Institutional Buyers subscribed 174.98 times, Non-Institutional Investors an impressive 536.38 times, and Retail Investors participated actively with 95.30 times subscription. The company raised Rs 165.16 crore by issuing 1.20 crore equity shares.
The grey market premium (GMP) is reportedly around Rs 52, suggesting a potential listing price of Rs 190 per share. This translates to an estimated gain exceeding 37% over the IPO's upper price band of Rs 138. The shares are slated to list on the BSE and NSE on Tuesday, July 1.
Investors can check their allotment status by providing their application number or PAN on the BSE or NSE websites. Alternatively, they can use their PAN, Application Number, DP ID/Client ID, or Bank Account Number on the registrar's website, Bigshare Services.
