Akums Drugs IPO Allotment Status Revealed: What Today’s GMP Signals About Listing Date and Potential Gains

The Akums Drugs and Pharmaceuticals Limited IPO opened on 30th July 2024 and closed on 1st August 2024. After the bidding period ended, the IPO allotment status was made public. Applicants can check their allotment status online via the BSE website or the official registrar’s website, Link Intime Private Limited.

GMP Update

Following a significant stock market crash last Friday, the grey market premium (GMP) for Akums Drugs’ IPO has decreased. Despite this drop, the shares are still expected to offer a 16% gain for those allotted shares.

Current GMP

Today, the GMP for Akums Drugs’ IPO is ₹110, down from ₹140 on Friday. Market observers attribute this drop to weak global market conditions that led to heavy selling in major stock markets across Asia, Europe, and the US.

Checking IPO Allotment Status

Investors can check their Akums Drugs IPO allotment status online. They can log in using the BSE link at bseindia.com or the Link Intime India website at linkintime.co.in. Direct links for checking are:

• BSE: bseindia.com/investors/appli_check.aspx
• Link Intime: linkintime.co.in/initial_offer/public-issues.html

IPO Listing Date

According to the ‘T+3’ listing rule, the Akums Drugs IPO is expected to list on Tuesday, 6th August 2024. With the current GMP at ₹110, the expected listing price is around ₹789 (₹679 + ₹110), which is about 16% higher than the upper price band of the IPO.