The share allotments for Park Medi World IPO will likely be finalised by today, December 15. IPO applicants can check their allotment status on the official websites of BSE and NSE, as well as the official site of its registrar, Kfin Technologies.
This comes after the Rs 920-crore initial public offering of the company that operates hospital chain under the brand Park Hospital closed for public bidding yesterday, after being subscribed more than 8 times its offer size between December 10 and December 12.
Ahead of listing, the unlisted shares of the company were trading with 3.7 percent grey market premium (GMP) over the IPO price, according to data on Investorgain. The GMP has fallen from the 20.40 percent quoted by the site on December 7.
According to IPO Watch, the unlisted shares of the company were trading with 4.32 percent GMP over the issue price.
Park Medi World launched its IPO to raise Rs 920 crore through a fresh issue of 4.75 crore shares worth Rs 770 crore and an offer for sale (OFS) of shares worth Rs 150 crore by promoter Ajit Gupta. The IPO, which had a price band of Rs 154-162 per shares, was open for public bidding between December 10 and December 12.
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