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Manipal Health Enterprises IPO allotment set for Aug. 3
The IPO is scheduled to list on Aug. 5, after the refund process for non-allocated applicants starts on Aug. 4.
Manipal Health Enterprises IPO shares are set to be allotted on Monday, August 3, with the company’s listing scheduled for Wednesday, August 5, according to guidance published via LiveMint Markets.
Investors can check allotment status through the registrar portal run by Kfin Technologies Ltd, and shares that are granted are expected to be credited to demat accounts on the same day as allotment.
LiveMint Markets said the grey market premium is currently negative, with the estimated listing price around ₹581 per share versus an IPO price of ₹590, implying a discount at listing. Over the last 11 sessions, the GMP has ranged from a minimum of ₹-15.0 to a maximum of ₹35.
The IPO’s subscription status was reported at 4.92 times on day 3, with QIBs at 8.25 times, non-institutional investors at 1.02 times, and retail investors at about 93% as per BSE, while the refund process for those not allocated shares is set to begin on Tuesday, August 4.