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Gulf Lloyds IPO allotment expected July 23 ahead of July 27 listing
The SME IPO closed July 22, with allotment shares expected to be credited to eligible investors on July 24, and refunds processed the same day.
Gulf Lloyds (India) Ltd, whose SME IPO subscription ran from July 20 to July 22, has its share allotment date expected to be fixed on July 23, with listing scheduled for July 27 on the BSE SME platform, according to LiveMint Markets.
The article says investors can check Gulf Lloyds IPO allotment status online via the BSE website and the IPO registrar’s website, with Kfin Technologies listed as the registrar. It also notes the sequence after allotment is finalized, including crediting equity shares into eligible investors’ demat accounts on July 24 and initiating refunds to unsuccessful bidders on the same day.
LiveMint Markets reports that demand during the subscription period was strong, with the IPO subscribed 10.85 times overall. It also cites retail and NII subscription levels at 18.83 times and 2.86 times, respectively.
The source adds that the IPO price band was set at ₹100 per share, raising ₹18.19 crore through a fresh issue of 18.19 lakh shares. It further points to a small grey market premium of Re 1 per share, implying an estimated listing price of about ₹101 per share and a 1.0 percent premium to the issue price.