20-Dec-2024
2 mins read
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Avanse Financial Services IPO GMP Live
Avanse Financial Services IPO GMP live Rs 22 per share. You can check the IPO Grey Market Premium Live online from the first day of subscription. If the subscription got oversubscribed then Avanse Financial Services IPO GMP might rise in the coming days.
Read Full Blog | Avanse Financial Services IPO GMP Live, Open Date, Price Band, Allotment Status
Avanse Financial Services IPO FAQ
1. What is Avanse Financial Services IPO GMP Today?
Avanse Financial Services IPO GMP Today is around Rs 22 per share. You can check the latest GMP price online from the first day of subscription. If the subscription got oversubscribed then Avanse Financial Services IPO GMP might rise in the coming days.
2. What are the details of the Avanse Financial Services IPO?
Avanse Financial Services IPO is a book-built issue of Rs 3,500 crores. This upcoming IPO is likely to be a combination of fresh issue and offer-for-sale. The fresh Issue is of Rs 1000 crore and OFS is of Rs 2500 crores.
3. When will the Avanse Financial Services IPO open and close?
Avanse Financial Services IPO open date and close date is expected to be between 23 December to 26 December 2024. However, as of now the open and close date is not yet finalised.
4. What are the details of Avanse Financial Services IPO Subscription Status?
Avanse Financial Services IPO subscription status live will be available after the IPO opens in the third week of December 2024. In the QIB category, 50% of the net offer is reserved. The remaining 35% is reserved for retail investors, and 15% is for Net Institutional investors.
5. Write the details of the IPO Allotment Status Live?
Avanse Financial Services IPO allotment status live is expected to be finalised on 27 December 2024. The listing will be on the BSE and NSE platforms on 31 December 2024. The registrar of this IPO is expected to be Link Intime India Private Limited. Investors can check their allotment status after the subscription of the IPO ends.
6. Who is the registrar and lead managers for Avanse Financial Services IPO?
Avanse Financial Services IPO's registrar is Link Intime India Private Limited. On the date of allotment, Investors can click on the registrar's website and select the name of the company and enter PAN number or application ID to know their allotment status.
The lead managers are Kotak Mahindra Capital Company Limited, Avendus Capital, J.P. Morgan India Private Limited, Nomura Financial Advisory And Securities, Nuvama Wealth Management Limited and SBI Capital Markets Limited.
What is an IPO GMP?
IPO GMP, full form is Initial Public Offering Grey Market Premium. It refers to the premium price at which shares of the upcoming IPO are getting traded. IPO GMP gives an idea to the investors of the official IPO listing price.
The grey market is an unregulated platform where traders buy IPO shares based on demand and supply and aim for listing gains. The IPO GMP indicates market sentiments and expectations of the upcoming IPO.
A high IPO GMP indicates strong interest of investors and expectation of positive listing in the stock exchange. Whereas, low IPO GMP indicates lack of interest of the investors. However, IPO GMP is very speculative and doesn’t guarantee actual listing outcomes