Home / Business and Economy / Augmont IPO: Allotment Delayed, 40% Gain Expected
Augmont IPO: Allotment Delayed, 40% Gain Expected
26 Aug
Summary
- Augmont IPO allotment expected on August 27 due to holidays.
- Issue subscribed 105.78 times with a potential 40% listing gain.
- Listing date is tentatively set for August 31 on NSE and BSE.
The allotment status for the Augmont Enterprises IPO is anticipated on August 27. This Rs 825 crore mainboard issue was highly subscribed, reaching 105.78 times its offering. The delay in finalization is due to bank holidays observed on August 26 in various parts of India for Eid-e-Milad and Onam, which affected the post-IPO allotment process.
Despite the delay, the grey market premium (GMP) indicates a strong market sentiment, suggesting a potential listing gain of approximately 40%. As of August 26, the GMP stood at Rs 315, pointing to an estimated listing price of Rs 1,103 per share. Successful applicants can expect shares to be credited to their demat accounts by August 28, with refunds processed the same day for unsuccessful bidders.
The Augmont Enterprises IPO has fixed its price band at Rs 750 to Rs 788 per share, with a lot size of 19 shares. The tentative listing date for the shares on the NSE and BSE is set for August 31. This Rs 825 crore issue comprises a fresh issue and an offer for sale, highlighting significant investor interest across all categories, including QIBs, NIIs, and retail investors.
