The allotment of EAAA India Alternatives' initial public offering (IPO) is expected to be finalised on October 29, a day after the Rs 1,200-crore issue closed for subscription. Investors can check their allotment status through the registrar, MUFG Intime India, or the stock exchanges once the results are available.
The IPO received bids for 2,78,19,185 shares against 52,99,684 shares on offer, translating into a subscription of 5.25 times, according to the data from the National Stock Exchange (NSE).
In the grey market, the EAAA India Alternatives IPO was commanding a premium of Rs 28 per share, or around 1.68 percent, according to the latest available data from InvestorGain on October 29.
However, the grey market premium (GMP) is an unofficial indicator of investor sentiment and does not guarantee listing gains. It can change with market conditions and demand for the issue.
EAAA India Alternatives IPO allotment status: How to check