Priority Jewels IPO Allotment Today: Expect 15.5% Listing Gain
Digital display showing Priority Jewels IPO stock chart with 15.5% listing gain.
Key Highlights
Priority Jewels IPO allotment status expected today, Sept 2. GMP suggests a 15.5% listing gain, with shares potentially listing at Rs 231.
The Priority Jewels allotment status is set for finalization today, September 2. This mainboard issue, valued at Rs 91.50 crore, saw an overwhelming investor response, indicating strong market interest.
The latest (GMP) suggests a potential listing gain of 15.5%, with shares estimated to list at Rs 231 against an upper price band of Rs 200.
Investor Response
The IPO was subscribed an extraordinary 1,100.45 times by the close of bidding. This massive oversubscription highlights significant demand from various investor categories.
Checking Your Status
Applicants can verify their IPO allotment status on the websites of , , and MUFG Intime India. MUFG Intime India serves as the official registrar for this particular issue.
Refunds for those not allotted shares are expected to be processed promptly on Thursday, September 3. This ensures a quick turnaround for unsuccessful bids.
Listing Schedule
The shares of Priority Jewels IPO are tentatively scheduled for listing on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on Friday, September 4.
Issue Particulars
- The IPO consisted entirely of a fresh issue totaling 45.75 crore equity shares.
- The final issue price was fixed at Rs 200 per share.
- A lot size of 75 shares was established for the offering.
- This required a minimum retail investment of Rs 15,000 per application.
- Mefcom Capital Markets Ltd. served as the book running lead manager for the issue.