The much-awaited Ganesh Infraworld IPO allotment is set to be finalized soon. The public issue, which opened for subscription on November 29, 2024, and closed on December 3, 2024, has garnered significant investor interest. With the listing date tentatively set for Friday, December 6, 2024, on the NSE SME platform, investors are keenly watching developments, including allotment updates and grey market premium (GMP) trends.
Here’s a comprehensive guide on how to check the IPO allotment status online and insights into the stock’s potential listing performance.
How to Check Ganesh Infraworld IPO Allotment Status
The registrar for Ganesh Infraworld IPO is Link Intime India Private Ltd, and allotment details can be accessed via their official website or the NSE platform. Follow these steps:
Checking on Link Intime India Website
- Visit the Official Registrar Website:
Go to Link Intime India. - Select IPO Name:
From the dropdown menu, choose ‘Ganesh Infraworld’ (the name will be visible once allotment is finalized). - Enter Required Details:
Choose an identification method:- Application Number
- Demat Account Details
- PAN Number
- Bank Account/IFSC
- Submit the Information:
After filling in the details, click on Submit to view the allotment status.
Checking on NSE Website
- Visit the NSE IPO Portal:
Access the page at NSE IPO Portal. - Log In or Register:
Enter your username and password. New users must sign up and complete the registration process. - Select IPO:
From the dropdown, choose ‘Ganesh Infraworld.’ - Provide Details:
Enter your PAN and application number, then submit to check the status.
Ganesh Infraworld GMP (Grey Market Premium) Update
As of today, the Ganesh Infraworld IPO GMP is trending at ₹78, signaling strong investor demand in the grey market. This premium indicates that the stock is trading at ₹78 above its issue price, as per data from investorgain.com.
Estimated Listing Price
Considering the IPO price band and the current GMP, the estimated listing price is ₹161 per share, reflecting a significant 93.98% premium over the IPO issue price of ₹83. This robust grey market activity highlights investor optimism and suggests a strong debut for Ganesh Infraworld on the NSE SME platform.
GMP Trends Over Time
The grey market premium for Ganesh Infraworld IPO has shown steady upward momentum, with activity observed over the last 13 sessions. The GMP has ranged from ₹9 (lowest) to ₹78 (highest), reinforcing expectations of a stellar listing.
Key Details About the IPO
- Issue Opening Date: November 29, 2024
- Issue Closing Date: December 3, 2024
- Registrar: Link Intime India Private Ltd
- Listing Date (Tentative): December 6, 2024
- IPO Price Band: ₹83
Ganesh Infraworld’s IPO aims to capitalize on growing investor interest in infrastructure and real estate sectors, making it a sought-after opportunity in the SME space.
Why Investors are Eyeing Ganesh Infraworld
The strong GMP and anticipated premium listing are not the only factors driving attention. Ganesh Infraworld has a solid business model and operates in a high-growth sector. The infrastructure development boom in India further supports the company’s growth trajectory, making it an attractive option for long-term investors.
Listing Day Strategy
For investors, listing day strategies could involve analyzing opening price trends, tracking market sentiment, and deciding whether to book profits or hold for potential long-term gains. With a 93.98% GMP-driven premium anticipated, early trading hours could see significant volatility.
Final Thoughts
The Ganesh Infraworld IPO has generated substantial interest, evident from its rising GMP and optimistic listing price predictions. Investors should keep a close watch on the allotment updates and leverage online tools to check their status promptly.
While the IPO appears promising, it is essential to remember that market conditions can impact performance. Consulting with financial experts and staying informed about industry trends can help in making well-informed decisions.
Disclaimer
The information provided here is based on publicly available data and expert insights. It does not constitute financial advice. Investors should conduct their research or consult certified financial advisors before making investment decisions.