Naman In-Store IPO Allotment Finalization Today

Naman In-Store IPO Allotment Finalization Today

VoM News Desk | March 28, 2024 | 02:45 PM IST | Breaking News | Follow on Google News

Naman In-Store IPO Allotment Finalization Today

Naman In-Store IPO Allotment Finalization Today

Investors eagerly await the finalization of Naman In-Store IPO allotment scheduled for today, March 28. To check their allotment status, investors can visit the registrar’s website, Bigshare Services Pvt Ltd. Investors can verify their allotment status and the number of shares allotted by accessing the registrar’s website. Those who applied but did not receive shares will begin the refund process. Shares allocated will be credited to demat accounts by Monday, April 1, while the refund process commences today.

Listing Date and Procedures & Subscription Status and IPO Details

Naman In-Store IPO is set for listing on Tuesday, April 2, on NSE SME. Investors can promptly check their allotment status on Bigshare Services Pvt Ltd’s website using the provided steps. Naman In-Store IPO witnessed robust subscription, with a subscription status of 309.03 times on the third day. The IPO, comprising 28,48,000 equity shares valued at approximately ₹25.35 crore, is entirely a fresh issue with no offer-for-sale component.

Utilization of Proceeds and Key Entities

The IPO proceeds will support capital expenditures for property leasing and general corporate purposes. Bigshare Services Pvt Ltd is the registrar, while GYR Capital Advisors Private Limited is the book running lead manager.

Grey Market Premium and Analyst Insights

The grey market premium for Naman In-Store IPO stands at +45, indicating a premium of ₹45 in the grey market. Analysts estimate a listing price of ₹134 apiece, 50.56% higher than the IPO price of ₹89. However, today’s IPO GMP suggests a decrease based on recent market activity, with estimates ranging from ₹45 to ₹70.

Source: Mint

VoM News Desk

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