Park Medi World IPO Allotment Today; GMP Falls to Lowest Level.
The Park Medi World IPO allotment will be finalised today after the issue saw strong investor interest, even as its grey market premium (GMP) slipped to ₹6.5, the lowest so far. The IPO closed with an overall subscription of 8.52 times:
- Retail investors: 3.32x
- Qualified Institutional Buyers (QIBs): 12.07x
- Non-Institutional Investors (NIIs): 15.93x
- How to Check Allotment
BSE: Visit the BSE allotment page → Select “Equity” → Choose “Park Medi World Limited” → Enter Application Number & PAN → Complete captcha → Click “Search.” KFin Technologies: Visit KFin IPO status page → Select “Park Medi World Limited” → Enter Application/Demat/PAN → Complete captcha → Click “Submit.”
IPO Details: The ₹920-crore issue includes a fresh issue of 4.75 crore shares (₹770 crore) and an offer-for-sale of 0.93 crore shares (₹150 crore) at a price band of ₹154–₹162 per share. Listing is scheduled on NSE & BSE on December 17.
GMP Insight: With a GMP of ₹6.5, the estimated listing price is around ₹168.5, implying a potential 4% listing gain, indicating tempered enthusiasm in the grey market.
Comments are closed.