Augmont Enterprises is preparing to finalize the basis of allotment for its initial public offering (IPO) on Thursday, August 27. Investors who bid for shares will soon be able to check their application status through various official channels. Those not receiving an allotment will have their application mandates revoked by the same day.
Understanding Augmont IPO Allotment Odds
Based on the robust bidding activity, the probabilities for receiving an allotment in the Augmont Enterprises IPO are as follows:
- Big HNI Category (bNII): Approximately 1 investor out of every 27 will be allotted 266 shares, representing a 3.70 percent probability.
- Small HNI Category (sNII): Roughly 1 investor out of 110 will receive 266 shares, with a probability of 0.91 percent.
- Retail Category: Around 2 investors out of every 53 applicants are expected to get 19 shares each, indicating a 3.78 percent probability.
How to Check Your Augmont Enterprises IPO Allotment Status
Applicants can verify their allotment status through the registrar's website or the stock exchanges (NSE and BSE) once the finalization process is complete:
1. Via MUFG Intime India Limited (Registrar)
- Visit the official web portal of MUFG Intime India Limited.
- Select the Augmont Enterprises IPO from the dropdown menu (it will appear once allotment is finalized).
- Choose one of the three verification modes: Application number, Demat Account number, or PAN ID.
- Specify the application type (ASBA or non-ASBA).
- Enter the details corresponding to your chosen mode.
- Complete the security captcha accurately.
- Click 'Submit' to view your status.
2. Via National Stock Exchange (NSE)
- Navigate to NSE's IPO allotment page.
- Select 'Equity & SME IPO Bid details'.
- Under 'Select Symbol', choose 'GAJA' (referring to Gaja Alternative Asset Management, the formal name).
- Input your PAN Number and Application Number.
- Click 'Submit' to proceed.
3. Via Bombay Stock Exchange (BSE)
- Go to BSE's IPO allotment page.
- Under the issue type, click 'Equity'.
- From the 'Issue Name' dropdown, select 'Gaja Alternative Asset Management Limited'.
- Enter your Application Number.
- Add your PAN card ID.
- Check 'I am not a Robot' and click 'Search'.
Augmont IPO Subscription Details and Grey Market Premium (GMP)
The Augmont Enterprises IPO, marketed under the name Gaja Alternative Asset Management, was open for subscription from August 21-25, with a price band of Rs 750-788 per equity share. The company successfully raised Rs 825 crore through the issue, which saw an impressive overall subscription of 105.78 times, attracting nearly 54.98 lakh applications and bids worth approximately Rs 64,300 crore.
Individual subscription rates were exceptionally high across categories:
- Qualified Institutional Bidders (QIBs): 226.96 times subscribed.
- Non-Institutional Investors (NIIs): Over 121.47 times subscribed.
- Retail Investors: 30.98 times subscribed.
- Employee Portion: 21.14 times subscribed.
Following this strong demand, the Grey Market Premium (GMP) for Augmont Enterprises IPO shares has been noted around Rs 325-330 apiece. This suggests a potential listing gain of approximately 41-42 percent for investors, although the GMP had previously peaked higher at Rs 380-390 during the initial bidding phase.
Key Dates for Augmont Enterprises IPO
- Allotment Finalization: Thursday, August 27
- Refunds Processed: Friday, August 28
- Listing on BSE and NSE: Monday, August 31
Nuvama Wealth Management Ltd, Intensive Fiscal Services, JM Financial Ltd, and Motilal Oswal Investment Advisors served as the book-running lead managers for the Augmont IPO, with MUFG Intime India acting as the official registrar.