Lohia Corp is finalising share allotments for its initial public offering today, marking the end of the bidding process that opened on 23 July and closed on 27 July.
Investors who applied for the issue can now check their allotment status via the registrar’s portal, MUFG Intime.
Grey market trading has priced in a 9% premium, with shares changing hands at ₹40 above the issue price.
The allotment comes as unofficial market sentiment points to a modest listing gain.
Grey market trading has priced in a 9% premium, with shares changing hands at ₹40 above the issue price.
This speculative optimism contrasts with the formal subscription data, which showed a lacklustre response at the start of the bidding window.
Early subscription levels stood at just 0.40 times the offer size on the first day, with bids received for 56.8 lakh shares against the total offer.