Akums Drugs IPO Allotment and GMP Insights: What to Expect on Listing Day
The Akums Drugs and Pharmaceuticals Limited IPO, which opened on July 30, 2024, and closed on August 1, 2024, has garnered significant attention in the market. Following the completion of the bidding process, the allotment status for the IPO has been released. Investors who applied for this book build issue can now check their application status online through the BSE website or Link Intime's official website.
IPO Allotment Status Check
For those eager to check their allotment status, the process is straightforward. You can log in to the BSE website or visit Link Intime's portal. Link Intime Private Limited serves as the official registrar for this IPO, ensuring a smooth allotment process for all investors.
Grey Market Premium (GMP) Insights
As of today, the Grey Market Premium (GMP) for Akums Drugs stands at ₹110, a notable decrease from ₹140 on Friday. Market analysts attribute this decline to last week's global market turbulence, which saw significant selling across Asian, European, and US stock markets. Despite this dip, the GMP suggests a potential listing gain of around 16% for those who have been allotted shares.
Listing Date and Expectations
With the 'T+3' listing rule in effect, Akums Drugs is expected to debut on the stock market on Tuesday, August 6, 2024. The current GMP indicates that the anticipated listing price could be around ₹789 (₹679 + ₹110), representing a premium over the IPO's upper price band.
Final Thoughts
While the GMP offers a glimpse into market sentiment, it's crucial to approach investment decisions with caution. The above information reflects market observers' views and should not be considered as financial advice. Investors are encouraged to consult certified financial experts to make informed decisions.
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