MV Electrosystems IPO Allotment Today: The initial public offering (IPO) of MV Electrosystems is just one step away from entering the secondary market, as the issue has entered the allotment phase on Tuesday (August 4). MV Electrosystems IPO is a book-built issue of Rs 290.00 crores, which is entirely a fresh issue of 0.68 crore shares.
MV Electrosystems IPO Subscription Data
The IPO, during its three-day subscription period, witnessed strong investor interest, as it was subscribed over 188 times between July 30 and August 3. The subscription was primarily driven by Non-Institutional Investors (NIIs), followed by Retail Individual Investors (RIIs). Here’s the subscription breakdown:
- Qualified Institutional Buyers (QIBs): 90.47x
- Non-Institutional Investors (NIIs): 374.58x
- Retail Individual Investors (RIIs): 205.42x
Overall, the IPO received bids for 75,30,51,278 shares against 39,87,491 shares on offer.
MV Electrosystems IPO GMP
Mirroring the strong subscription trend, the IPO continues to attract interest in the unlisted market, with its grey market premium (GMP) standing at Rs 100. The current GMP indicates an estimated listing premium of over 23 per cent, implying a listing price of around Rs 525 against the issue price of Rs 425.
If the GMP sustains until listing, investors could earn an estimated profit of Rs 3,400 per lot of 34 shares.
Also Read: Molbio Diagnostics IPO: 6 things to know before issue opens for subscription next week
MV Electrosystems IPO Allotment
Following the successful completion of the three-day subscription window, the IPO has now entered the allotment phase, during which shares will be allotted to successful applicants. Investors can check the MV Electrosystems IPO allotment status through the NSE, BSE, or the official website of the registrar, Kfin Technologies Ltd. Here are the steps:
Check MV Electrosystems IPO Allotment Status on NSE
Step 1: Visit the NSE IPO bid verification link.
Step 2: Select Equity & SME IPO Bid Details.
Step 3: Choose MV Electrosystems from the available options.
Step 4: Enter your PAN and application number, then click Submit to view the allotment status.
Check MV Electrosystems IPO Allotment Status on BSE
Step 1: Visit the BSE IPO allotment link.
Step 2: Select Equity under the issue type.
Step 3: Choose MV Electrosystems from the dropdown menu.
Step 4: Enter your application number or PAN details.
Step 5: Complete the CAPTCHA and click Search to view the allotment status.
Check MV Electrosystems IPO Allotment Status on Kfin Technologies
Step 1: Visit the Kfin Technologies portal.
Step 2: Select MV Electrosystems IPO from the dropdown menu.
Step 3: Choose the PAN, Application Number, or DP ID option.
Step 4: Enter the required details.
Step 5: Click Submit to check the MV Electrosystems IPO allotment status.
MV Electrosystems IPO Price Band and Lot Size
The IPO was priced in the range of Rs 400 to Rs 425 per share. The lot size was fixed at 34 shares, requiring a minimum investment of Rs 14,450 for retail investors.
(Disclaimer: The above article is meant for informational purposes only and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
