Key Points
Allotment finalises on June 29, 2026.
Final subscription reached 1.67 times overall.
The retail segment led demand at 4.19 times.
Grey market trends show discounted listing expectations.
We trace important trends for the newly closed public book-built issue. The bidding process officially concluded on June 25, 2026. All eyes now turn to the upcoming allocation process next week. Tracking the shifting IPO GMP gives vital clues about listing gains.
Key Offering Details
The firm targeted a total issue size of ₹585 crore. The company fixed its upper price band at ₹808 per share. This public capital raise consisted entirely of 72.40 lakh fresh equity shares. No existing promoters offered their shares during this sale. Anchor placement raised ₹263.25 crore.
Shifting IPO GMP Sentiments
The grey market premium recently slipped down to ₹-35 per share. This indicates a potential listing discount of 4.33% against the upper price. Unlisted trading activity signals cautious sentiments before the final share distribution. Bidders expect a flat market opening.
Final Subscription Figures and Demand Analysis
Retail Investors Lead Public Demand
NSE data revealed that the mainboard public issue achieved 1.67 times the total subscription. Individual retail bidders showed the highest interest by booking their portion 4.19 times. This reflects steady confidence from smaller market participants despite volatile IPO GMP trends. People remain optimistic about the cruise travel business.
Category Breakdown Summary
We observe varying demand across the major investor categories:
- Retail investors subscribed 4.19 times their quota.
- Non-institutional investors filled their portion 1.30 times.
- Institutional buyers recorded 1.01 times subscription.
These metrics show that cruise operator demand remained concentrated among retail applicants.
How to Check Share Allocation Online
Key Tracking Timelines
The basis of allotment will officially conclude on June 29, 2026. Unsuccessful bidders will receive their money back into their bank accounts by June 30, 2026. Eligible applicants will receive equity shares in their demat accounts on that same day.
Steps for Checking Status
Bidders can check their status through BSE, NSE, or MUFG Intime India. Follow these steps to see your allotment after tracking the IPO GMP:
- Open the official registrar or exchange web page link.
- Select the correct company name from the dropdown menu.
- Provide your registered Permanent Account Number.
Disclaimer
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
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