Ganesh Infraworld IPO has generated significant buzz among investors, with allotment details and performance updates creating excitement. Here’s everything you need to know about the IPO allotment process, subscription status, and what to expect on the listing day.
Ganesh Infraworld IPO Allotment Date and Process
The Ganesh Infraworld IPO allotment is scheduled for December 4, 2024. Investors will receive shares in their Demat accounts the following day if they are allocated. Those who do not receive allotment will have their refunds processed and credited to their bank accounts by December 5, 2024.
Typically, IPO allotment status becomes available after 6:00 PM on the allotment day, and the same is expected for Ganesh Infraworld IPO. To check the status, investors can visit the official websites of NSE or BSE and use their PAN card details to verify allotment status.
Ganesh Infraworld IPO Details
IPO Timeline
- IPO Opening Date: November 29, 2024
- IPO Closing Date: December 3, 2024
- Allotment Date: December 4, 2024
- Refund Date: December 5, 2024
- Listing Date: December 6, 2024
The IPO has a price band of ₹83, and market analysts are optimistic about its listing gains based on strong subscription numbers and positive market sentiment.
Subscription Insights and Performance
The Ganesh Infraworld IPO saw overwhelming subscription levels, with impressive figures across different investor categories:
- Qualified Institutional Buyers (QIB): 163 times
- Non-Institutional Investors (NII): 865 times
- Retail Investors: 274 times
- Overall Subscription: 369 times
This high demand indicates strong investor confidence and hints at robust listing performance.
Grey Market Premium (GMP) Trends
As of today, the Grey Market Premium (GMP) for Ganesh Infraworld IPO stands at ₹8, reflecting positive sentiment. Analysts expect the stock to list at approximately ₹93–₹98, providing investors with significant gains of nearly 10-15% over the upper price band.
The GMP indicates robust interest, suggesting a possibility of doubling returns for early investors.
Why Ganesh Infraworld IPO Is in Demand
1. Strong Business Fundamentals
Ganesh Infraworld operates in a sector with promising growth prospects. The company’s positive updates and financial performance have further boosted investor confidence.
2. Listing Gains Potential
With the anticipated listing gains and robust demand in the secondary market, investors are optimistic about substantial profits.
3. Market Sentiment
Recent IPOs with high subscription figures have performed well on listing day. Similar trends are expected for Ganesh Infraworld IPO.
How to Check Ganesh Infraworld IPO Allotment Status
Investors can follow these simple steps to check their allotment status:
- Visit the NSE or BSE Official Websites:
- Go to the IPO allotment status section.
- Enter PAN Card Details:
- Use your PAN number to access the status.
- Verify Allotment:
- If shares are allocated, they will reflect in your Demat account the next day.
Alternatively, investors can check allotment status on the registrar’s website by entering their application number or DP ID.
Final Thoughts: Listing Day Expectations
The Ganesh Infraworld IPO is set to list on December 6, 2024, with analysts predicting impressive gains based on strong subscription figures and positive GMP trends. Investors who have secured allotment may witness significant returns, while those who missed out can explore secondary market opportunities.
Key Takeaways:
- High subscription levels indicate strong demand.
- Positive GMP trends point to a profitable listing.
- Ensure to verify allotment status and prepare for listing day accordingly.
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