Astonea Labs IPO Allotment Finalization: Listing Set for June 3 on BSE SME
By ScanX News Team
Astonea Labs' IPO allotment is expected to finalize today, with listing scheduled for June 3 on the BSE SME platform. The IPO was subscribed 1.79 times overall, with NII category showing strongest demand at 5.60x. The issue price is set at Rs 135.00 per share. The grey market premium currently stands at zero, suggesting a listing close to the issue price. Shares will be credited to successful bidders' demat accounts on June 2.
*this image is generated using AI for illustrative purposes only.
Astonea Labs, a recent entrant to the initial public offering (IPO) market, is set to mark its presence on the BSE SME platform. The company's IPO allotment process is expected to conclude today, paving the way for its stock market debut.
Key Dates and Details
- Allotment Date: Expected to be finalized today
- Share Crediting: June 2 (to successful bidders' demat accounts)
- Listing Date: June 3 (on BSE SME platform)
- Issue Price: Rs 135.00 per share
Subscription Status
The IPO garnered moderate interest from investors, with an overall subscription rate of 1.79 times. Here's a breakdown of the subscription across different categories:
| Category | Subscription Rate |
|---|---|
| Retail | 1.69x |
| NII | 5.60x |
| QIB | 0.70x |
The Non-Institutional Investors (NII) category showed the strongest demand, while the Qualified Institutional Buyers (QIB) segment remained undersubscribed at 70% of the allocated portion.
Grey Market Premium
Currently, the grey market premium for Astonea Labs stands at zero. This indicates that the stock may list close to its issue price of Rs 135.00 per share. However, it's important to note that grey market premiums are unofficial and subject to change.
Investor Guidelines
Investors who applied for the IPO can check their allotment status once it's finalized. Successful bidders will see the allocated shares credited to their demat accounts on June 2, a day before the official listing.
As Astonea Labs prepares for its stock market debut on the BSE SME platform, investors and market watchers will be keen to observe its performance, especially given the moderate subscription rates and current grey market indicators.
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