The much-awaited Ganesh Infraworld IPO, which closed for subscription on December 3, 2024, is all set to finalize its allotment soon. Investors are eagerly awaiting updates as the focus now shifts toward the listing on the NSE SME. Here’s everything you need to know about the allotment process, grey market premium (GMP), and the expected listing performance.
Key Dates and Allotment Process
The IPO was open for subscription from November 29 to December 3, 2024, and the allotment process is expected to be completed shortly. The listing date is tentatively scheduled for Friday, December 6, 2024.
To check the allotment status:
- Visit the Link Intime India Private Ltd website, the official registrar for the issue.
- Alternatively, you can check the status on the NSE website.
Grey Market Premium (GMP) Insights
The grey market activity for Ganesh Infraworld shares has been buzzing. As of today, the GMP stands at an impressive ₹78, indicating that shares are trading at a premium in the unofficial market.
At the upper end of the IPO price band, the estimated listing price is pegged at ₹161 per share. This represents a stellar 93.98% increase over the IPO issue price of ₹83, reflecting strong demand and positive sentiment.
GMP Trends
Ganesh Infraworld’s GMP has been steadily climbing over the past 13 sessions. The lowest GMP recorded was ₹9, while the highest so far has been ₹78. This upward trend underscores robust investor confidence and a promising listing performance.
What’s Next?
With the listing date just around the corner, all eyes are on Ganesh Infraworld’s debut on the NSE SME. The strong grey market performance suggests a solid start, but the actual listing day will reveal how the stock performs under market conditions.
