GMP surges ~27% ahead of allotment—investors smell big debut
Anthem Biosciences IPO allotment locked in allotment on July 17 after its IPO drew a massive 64× subscription. Meanwhile, grey market premium climbed nearly 27%, fueling speculation of a stellar listing. Read on to learn how to check your allotment and what this could mean for investors.
Image source:- The economics times
Spectacular Subscription Reveals High Demand
On July 16, investors overwhelmed the issue—Anthem’s IPO subscription hit ~64× on closing day. Moreover, qualified institutional buyers drove massive demand, subscribing over 180×, while retail investors added about 6×.
Grey Market Premium Signals Listing Expectations
In unofficial trade, GMP reached ₹154—nearly 27% above the ₹570 issue price—suggesting a likely listing around ₹724. Although GMP isn’t guaranteed, it shows bullish sentiment ahead of the anticipated July 21 debut.
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Allotment Live: How to Check Status
Following today’s allotment finalization (July 17), investors can visit BSE, NSE, or KFin Technologies websites. Enter PAN, application or DP/client ID to view your result. Shares and refunds are expected to reflect by July 18. Anthem Biosciences IPO allotment.
What to Watch Post-Allotment
Expect listing on BSE and NSE on July 21. Also, monitor any short-term price fluctuations, since GMP-driven listings often witness early volatility—especially when demand breaks all records.
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