Nova AgriTech IPO: GMP jumps ahead of allotment date. How to check allotment status online

livemint.com:

Nova AgriTech IPO: Bidding for the initial public offering (IPO) of Nova AgriTech Ltd ended on 25th January last week. In three days of bidding, the book build was booked over 109 times. After strong Nova AgriTech IPO subscription status, applicants are eagerly waiting for the announcement of Nova AgriTech IPO allotment status.

In the wake of T+3 listing rules, the Nova AgriTech IPO allotment date is most likely on 29th January 2024, the first trade date after the closure of the Nova AgriTech IPO date of subscription. Meanwhile, after the closure of the Nova AgriTech IPO subscription date, the grey market sentiment regarding Nova AgriTech IPO has improved during the long weekend. According to the stock market observers, shares of Nova AgriTech Limited Limited are available at a premium of ₹24 in the grey market today.

As per the stock market observers, Nova AgriTech share price is quoting at a premium of ₹24 in the grey market today. This means Nova AgriTech IPO grey market premium (GMP) today is ₹24, which is ₹4 higher than its GMP on the last date of its subscription i.e. on Thursday.

So, in the last two days, Nova AgriTech IPO GMP has surged from ₹20 to ₹24. As per the market observers, this rise in the Nova AgriTech IPO GMP today can be attributed to the strong subscription received by the book-build issue. They said that the grey market remained bullish in the public issue despite the long weekend and sell-off in the secondary market on Thursday.