Manoj Vaibhav IPO Allotment: The initial public offering (IPO) of Manoj Vaibhav Gems N Jewellers Ltd, which was opened for public subscription between September 22 and 26, was oversubscribed with 2.25 times overall subscription. The Rs 270.20-crore IPO received bids for 91,20,664 shares against 2,05,06,938 shares on offer.
The IPO allotment will take place on October 3. Manoj Vaibhav Gems N Jewellers Ltd will make its market debut with shares listing on NSE and BSE on October 6.
Manoj Vaibhav IPO GMP Today
According to market observers, Manoj Vaibhav Gems N Jewellers Ltd is currently trading Rs 6 higher in the grey market. The Rs 6 grey market premium or GMP is about 2.79 per cent higher than its upper issue price of Rs 215 per share. This means the grey market is expecting a 2.79 per cent listing gain from the public issue.
‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Manoj Vaibhav IPO Allotment On October 3: How To Check Status
1) Go to the official BSE website via the URL —https://www.bseindia.com/investors/appli_check.aspx.
2) Under ‘Issue Type’, select ‘Equity’.
3) Under ‘Issue Name’, select ‘Manoj Vaibhav Gems N Jewellers Ltd’ in the dropbox.
4) Enter your application number, or the Permanent Account Number (PAN).
5) Then, click on the ‘I am not a robot’ to verify yourself and hit ‘Search’ option.
Your share application status will appear on your screen.
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