The wait is almost over for investors in the Lalithaa Jewellery Mart IPO, with the share allotment expected to be finalised today, Thursday, August 20. Once the allotment is announced, investors can check their application status online through the IPO registrar’s website, as well as the allotment sections of the BSE and NSE. The grey market premium (GMP), currently around 27%, points to strong investor expectations ahead of the listing.
The IPO, which opened for subscription on August 17 and closed on August 19, received an overwhelming response, with the issue subscribed 62.97 times overall. Investors bid aggressively for a significant portion of the 6.27 crore shares on offer.
