Date of Gala Precision Engineering IPO share allotment: Today, Thursday, September 5, is the final day of the IPO share issuance. Link Intime India Private Ltd., the Gala Precision Engineering IPO registrar online, allows investors who applied for the issuance to monitor the status of their allotment. Subscriptions for the Gala Precision Engineering initial public offering (IPO) were accepted starting on Monday, September 2 and ended on Wednesday, September 4. According to BSE data, the subscription status for Gala Precision Engineering’s initial public offering on the final bidding day was 201.41 times.
Investors responded to the precision component manufacturer’s IPO with overwhelming force during the course of the three-day bidding process. The quota for non-institutional investors attracted 414.62 subscriptions, compared to 91.95 subscriptions for retail investors. There were 232.54 bookings for the qualified institutional buyers (QIBs) segment and 259.00 subscriptions for the employee portion.
Investors can find out if they have been assigned shares and in what quantity by using the basis of allocation. Share allocation is displayed in the IPO allotment status. For individuals who did not obtain shares, the corporation will start the application process. The shares will be deposited into the designated recipients’ demat accounts.
For those who were not granted shares, the refund process will begin on Friday, September 6. On Friday, the allottees will get their shares in their demat accounts.
The IPO listing date for Gala Precision Engineering is set for September 9, a Monday.
On the website of the IPO registrar, Link Intime India Private Ltd., you can check the allotment status of the Gala Precision Engineering IPO if you have applied for it. Below, you can verify the progress of your application’s allotment to the Gala Precision Engineering IPO:
How can I check the Registrar site’s Gala Precision Engineering IPO allotment status?
Step 1
To examine the details of the IPO registrar, visit the website of Link Intime India Private Ltd at Initial offer: https://linkintime.co.in/public-issues.html.
Step 2
From the drop-down box, choose the IPO; the name will be revealed after the allocation procedure is complete.
Step 3
By selecting the Application No., Demat Account, or PAN link, you may see the current status.
Step 4
Please choose the application type (non-ASBA or ASBA).
Step 5
For the mode that you chose in Step 2, kindly supply the information.
Step 6
After completing the captcha, don’t forget to hit the submit button.
How can I see the status of my IPO allotment for Gala Precision Engineering on BSE?
Step 1
For online allotment status checks, visit the allotment page on BSE’s official website:https://www.bseindia.com/investors/appli_check.aspx Gala Precision Engineering’s IPO
Step 2
Under the “Issue Type” column, choose “Equity.”
Step 3
Choose IPO from the drop-down menu under ‘Issue Name’.
Step 4
The application number or PAN should be given.
Step 5
Go ahead and click the “Submit” button after confirming your identity by selecting “I am not a Robot.”
How can I view the status of my IPO allotment for Gala Precision Engineering on NSE?
Step 1
Go to https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp to access the official NSE website and check the online allotment status of Gala Precision Engineering.
Step 2
The first step in the registration process is to click the ‘Click here to sign up’ button on the NSE website.
Step 3
Put the password, captcha code, and user name in.
Step 4
View the status of your IPO allotment on the newly opened page.
The current IPO GMP for Gala Precision Engineering
Plus 260 is the IPO gray market price for Gala Precision Engineering. This suggests that, according to investorgain.com, the share price of Gala Precision Engineering was selling at a premium of ₹260 on the black market.
After accounting for the upper end of the IPO pricing range and the existing premium in the grey market, the estimated listing price for Gala Precision Engineering shares was ₹789 per share, which represents a 49.15% increase over the ₹529 IPO price.
Over the last 11 sessions, there has been a rising trend in the IPO GMP in grey market activity, indicating an expected robust listing. The lowest GMP is projected to be ₹0, and the greatest GMP is anticipated to be ₹268 by investorgain.com analysts.
Investors’ willingness to pay over the issue price is shown by the “grey market premium.”
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