Investors in the MV Electrosystems IPO are likely to know their allotment status today, August 4, as the company is expected to finalize the share allocation for its Rs 290 crore public issue. Once the allotment process is completed, applicants can verify whether they have been allotted shares through the registrar, KFin Technologies, or via the BSE and NSE websites.
The company's shares are slated to make their stock market debut on August 6. Ahead of the listing, the IPO continues to enjoy strong traction in the grey market, with a Grey Market Premium (GMP) of around Rs 100 per share. This suggests a potential listing gain of nearly 24% over the upper issue price of Rs 425. However, investors should note that the GMP is an unofficial indicator of market sentiment and can fluctuate before the listing.
