September 5, 2024
New Delhi, India
IPO Allotment
The IPO allotment for Gala Precision Engineering will likely be finalized today, Thursday, September 5. Investors who applied for shares can check their allotment status on the registrar’s website, Link Intime India Private Ltd, and also on NSE and BSE Portals.
Key Dates and Allotment Details:
- IPO Subscription: Opened on September 2, closed on September 4.
- Subscription Rate: Oversubscribed 201.41 times as per BSE data.
- Retail Investors: Subscribed 91.95 times.
- Non-Institutional Investors (NIIs): Subscribed 414.62 times.
- Qualified Institutional Buyers (QIBs): Subscribed 232.54 times.
- Employee Portion: Subscribed 259.00 times.
- Refund Process: Begins on Friday, September 6, for non-allottees.
- Shares Credited: For successful applicants, shares will be credited to demat accounts on September 9.
- Listing Date: Scheduled for Monday, September 9.
How to Check Gala Precision Engineering IPO Allotment Status:
To check if you have been allotted shares:
- Visit the Link Intime India Website: Go to Link Intime India Private Ltd.
- Select the IPO: Choose “Gala Precision Engineering IPO” from the drop-down menu.
- Enter Details: Check status using your Application No., Demat Account, or PAN.
- Choose Application Type: Select either ASBA or non-ASBA.
- Submit Details: Provide the necessary details and complete the captcha.
- View Allotment Status: Click “Submit” to see your allotment status.
Gala Precision Engineering IPO Grey Market Premium (GMP):
- Current GMP: ₹289, indicating a premium over the IPO price.
- Estimated Listing Price: ₹789, reflecting a 49.15% increase from the IPO price of ₹529.
- GMP Trend: Positive trend over the past 11 sessions, indicating a strong anticipated listing.
Investors can check their allotment status today and expect the refund process to begin by September 6 if they are not allotted shares. Those allotted will see shares credited to their demat accounts by September 9, with the listing on stock exchanges scheduled for September 9. Keep an eye on the grey market premium for further cues on potential listing gains.
Disclaimer:
CurrencyVeda provides this news article for informational purposes only. We do not offer investment advice or recommendations. Before making any investment decisions, please conduct thorough research, consult with financial experts, and carefully consider your financial situation, risk tolerance, and investment goals. Investing in the stock market carries risks, and it’s essential to make informed choices based on your individual circumstances. CurrencyVeda is not liable for any actions taken based on the information provided in this article.
