It's an exciting day for investors who jumped on board the Basilic Fly Studio IPO. The moment has arrived to find out if you've been allocated shares in this highly anticipated offering. Let's bring you quickly up to date with the essential information.
Allotment Date and Refund
Today, on September 8, the Basilic Fly Studio IPO share allotment process will be completed. This means you'll soon discover if you're one of the lucky shareholders. For those who didn't secure shares, don't worry—the refund process starts rolling on September 11.
If you're among the fortunate folks who snagged an allotment, your shares will land in your demat account by September 12.
Where to Check Your Allotment Status
To unveil your Basilic Fly Studio IPO allotment status, head over to the registrar's portal, managed by Purva Sharegistry India Pvt Ltd. Here's your step-by-step guide:
Visit the IPO registrar's website using this link: Purva Sharegistry India Pvt Ltd
Opt for "IPO Name" and choose "Basilic Fly Studio" from the dropdown menu.
Select one of three options to check your status: Application Number, Demat Account, or PAN.
Hit that "Search" button.
And there you have it! Your Basilic Fly Studio IPO allotment status will be right there on your screen, whether you're on a computer or a mobile device.
Grey Market Premium (GMP) Update
Now, let's talk about the Grey Market Premium (GMP). This nifty metric gives us insight into market sentiment. Currently, the GMP stands at +230. That's slightly down from the previous session when it was +250. This means Basilic Fly Studio shares were trading at a premium of ₹230 in the grey market on Thursday.
Considering the top end of the IPO price band and the current GMP, the estimated listing price for Basilic Fly Studio shares is ₹327 each. That's a substantial 237.11% higher than the IPO price of ₹97.
Keep in mind, the GMP can shift based on market dynamics and investor sentiment. A rising GMP indicates strong demand for the IPO.
Basilic Fly Studio IPO Overview
The Basilic Fly Studio IPO is worth ₹66.35 crore. It consists of a fresh issue of 6,240,000 shares (valued at ₹60.53 crores) and an offer for sale of 600,000 shares at ₹10 each (totaling ₹5.82 crores). These funds will be used for various purposes, like expanding studios and facilities, investing in subsidiaries, covering issue costs, and improving workspaces.
The IPO was a big hit, with a subscription rate of 286.6 times the issue size. Retail investors showed strong interest, subscribing to 84.5 crore shares. Qualified institutional buyers (QIBs) and foreign institutional investors (FIIs) were also active participants.
The high demand for Basilic Fly Studio shares signals investor confidence in the company's potential. As we await the allotment results, get ready for the listing of Basilic Fly Studio shares on the NSE SME on Wednesday, September 13.