• Allin Electronics IPO opens on 20th December and will remain open till 22nd December 2022
Ellin Electronics IPO: The Initial Public Offer (IPO) of Ellin Electronics Limited is going to open for subscribers on December 20, 2022 and will remain open for bidders till December 22, 2022. The ₹475 crore worth public issue aims to raise ₹175 crore from the fresh issue while ₹300 crore of the net proceeds has been reserved for the OFS (offer for sale) route.
Since the public issue is going to hit the primary market on Tuesday this week, the company's shares have become available in the gray market. According to market observers, shares of Allin Electronics are available at a premium of ₹47 in the gray market today.
allin electronics ipo gmp today
According to market observers, the Allin Electronics IPO gray market premium (GMP) is ₹47 today, which is ₹7 higher than its weekend GMP of ₹40. Hence, gray market sentiment has moved north despite weak sentiments on Dalal Street. He said a lot would depend on the sentiment on Dalal Street and the response from investors to this public issue. However, he added that the GMP of ₹47 is a good sign as the premium indicated by the gray market is about 19 per cent higher than the price band of ₹234 to ₹247 per equity share.
What does this GMP mean?
Market observers said that the Allin Electronics IPO GMP is ₹47 today, which means that gray market is expecting the Allin Electronics IPO listing price to be around ₹294 (₹247 + ₹47), which is about 19% higher than the Allin Electronics IPO price. the percentage is higher. Band of ₹234 to ₹247 per equity share. He added that ahead of the Allin Electronics IPO subscription date, the gray market is indicating strong listing premium for the lucky allottees.
However, stock market experts say that GMNP should not be taken seriously as it is a non-regulated purely speculative number. He advised the allottees to stick to the basics and scan the balance sheet of the company as it would reflect the solid fundamental picture of the company in the long term.
Allin Electronics IPO Details
The price band of the IPO has been fixed at ₹234 to ₹247 and the finalization of share allotment is expected on December 27, 2022. The Public Issue is proposed for listing on BSE and NSE and the tentative date of listing for the IPO is December 30, 2022.
Allin Electronics IPO Review
Giving the Allin Electronics IPO a 'subscribed' tag, topsharebrokers.com report says, "The issuer manufactures and assembles a wide range of products and provides end-to-end product solutions. It engages with branded customers Issuer's top line continues to grow. Valuations are cheap when compared to peers, however, given the scale of its operations and business model, valuations appear fair and reasonable. However, it must also be recognized that promoters The shareholding gets reduced from 54% to 32%. Taking all these factors into account, one should subscribe to the issue."
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