The allotment date for the Gopal Snacks IPO is set for Tuesday, March 12. Investors eagerly await the finalization of share allotments, and they can check the IPO status on the registrar portal, Link Intime India Private Ltd. The subscription period for the Gopal Snacks IPO spanned from March 6 to March 11.
With a subscription status of 9.02 times on the third day, the IPO witnessed positive demand from the market. Investors can ascertain the number of shares allotted to them through the basis of allotment, which is accessible in the IPO allotment status. Refund processes will commence for applicants who did not receive shares, while those allotted shares will find them credited to their demat accounts on Wednesday, March 13.
The eagerly awaited Gopal Snacks IPO listing date is scheduled for Thursday, March 14. Investors who applied for the IPO can perform a Gopal Snacks IPO status check on the Link Intime India Private Ltd website. The allotment status can be verified by entering relevant details such as Application Number, Demat Account, or PAN.
To check the Gopal Snacks IPO allotment status on the registrar’s site, investors can follow these steps:
1. Visit Link Intime India Private Ltd’s website.
2. Choose the IPO from the dropdown list.
3. Select the type of information to check the status: Application No, Demat Account, or PAN.
4. Specify the application type (ASBA or non-ASBA).
5. Enter the relevant information based on the mode chosen in Step 2.
6. Complete the process by submitting the captcha.
Alternatively, investors can check the allotment status on BSE or NSE. For BSE:
1. Visit BSE’s official website for IPO allotment status.
2. Select ‘Equity’ under ‘Issue Type.’
3. Choose the IPO from the dropdown list.
4. Enter PAN or application number.
5. Confirm identity and submit.
For NSE:
1. Visit NSE’s official website and register with PAN.
2. Enter user name, password, and captcha code.
3. Check IPO allotment status on the new page.
As for the Grey Market Premium (GMP), it currently stands at +8, indicating that Gopal Snacks shares are trading at a premium of ₹8 in the grey market.
Considering the upper end of the IPO price band and the current premium, the estimated listing price of Gopal Snacks shares is suggested at ₹409 apiece, reflecting a 2% increase over the IPO price of ₹401.
Analysts suggest a tepid listing based on the recent GMP trends, with the lowest GMP at ₹0 and the highest at ₹122. The ‘Grey Market Premium’ signifies investors’ willingness to pay more than the issue price, offering insights into market sentiment.
