02-Jan-2025
2 mins read
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BOAT IPO GMP
BOAT IPO GMP is around Rs 89 per share. You can check the latest GMP price online from the first day of subscription. If the subscription got oversubscribed then BOAT IPO GMP might rise in the coming days.
BOAT IPO FAQ
1. What are the details of the BOAT IPO?
BOAT IPO is a book-built issue of Rs 2000 crores. This upcoming IPO is likely to be a combination of fresh issue and offer-for-sale. The fresh Issue is of Rs 900 crore and OFS is of Rs 1,100 shares.
2. When will the BOAT IPO open and close?
BOAT IPO open date is expected to be in the last week of January 2025. The tentative date of BOAT IPO is 27 January to 29 January 2025. BOAT IPO allotment status is expected to be finalised in the last week of January 2025.
3. What are the details of BOAT IPO reservation?
BOAT IPO subscription details 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.
4. Write the details of the IPO Allotment Status?
BOAT IPO allotment status is expected to be finalised in the last week of January 2025. The listing will be on the BSE and NSE platforms in the first week of February. 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.
5. Who is the registrar and lead managers for BOAT IPO?
BOAT 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 Axis Capital Limited, BOFA Securities India Limited, Credit Suisse Securities India Private Limited and ICICI Securities 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