Investors awaiting the Lohia Corp IPO allotment are likely to get clarity today, July 28, as the company is expected to finalize the share allocation for its Rs 1,101 crore public issue. Once the allotment is completed, applicants can check whether they have received shares through the registrar MUFG Intime India or on the BSE and NSE websites.
The company's shares are scheduled to debut on the stock exchanges on July 30. Ahead of its market debut, the IPO is commanding a Grey Market Premium (GMP) of around Rs 11 per share, indicating an estimated listing gain of nearly 3% over the upper issue price of Rs 425. While GMP offers an indication of market sentiment, it remains unofficial and is subject to change before listing.
