BLT Logistics IPO GMP Soars Ahead Of Allotment Today; How To Check Status, Listing Date And More
Bidders can check allotment status on the websites of the BSE and the issue registrar, Skyline Financial Services.
The initial public offering (IPO) of BLT Logistics Ltd. closed with a solid subscription on the third day of bidding on August 6. The BSE SME issue saw an overall subscription of 560.69 times on the final day. The grey market premium for the SME issue has drawn considerable interest among investors with a potential gain per share exceeding 50% ahead of its listing next week.
The SME IPO saw demand from all investor categories, with Qualified Institutional Buyers (QIBs) booked their quota 81.8 times. The Non-Institutional Investors’ (NIIs) segment was subscribed more than 1,000 times, while the retail portion of the IPO was booked 637.2 times.
BLT Logistics IPO allotment status is expected to be finalised on August 7. Investors who participated in the IPO can check the allotment status on the websites of BSE and Skyline Financial Services.
Steps to Check BLT Logistics IPO Allotment Status On BSE
Go to the BSE IPO allotment page here.
Select the issue type as “Equity”.
Choose “BLT Logistics Ltd.” from the dropdown menu.
Enter your application number or PAN (Permanent Account Number).
Complete the “Captcha” for verification.
Click on the “Search” button to view your allotment status.
Steps to Check IPO Allotment Status On Skyline Financial Services
Visit the official website of the registrar, Skyline Financial Services Pvt., here.
Select “BLT Logistics Ltd.” from the Check Application Status option.
Choose either DPID/Client ID, Application Number, or PAN.
Enter the details per your selection.
Hit "Search" to check the allotment status.
BLT Logistics IPO GMP
According to InvestorGain, the GMP for the BLT Logistics IPO stood at Rs 38 at 8:00 a.m. on August 7. The latest GMP indicates a listing price of Rs 113 (Rs 75 + Rs 38) per share. This means that the unlisted shares of BLT Logistics were trading at Rs 113 at the grey market, a premium of 50.67% over the upper limit of the issue price.
Note: GMP does not represent official data and is based on speculation.
What Next For BLT Logistics IPO?
The company will process refunds and transfers of shares to the demat accounts on August 8.
Shares of BLT Logistics Ltd. are tentatively scheduled to be listed on the BSE SME platform on August 11.
BLT Logistics IPO
The price band for the IPO was set between Rs 71 and Rs 75 per share. BLT Logistics IPO is a book-building issue of Rs 9.72 crore, comprising an entirely fresh issue of 12.96 lakh shares. The IPO opened for subscription on August 4.
The company provides logistics services to various industries. It has proposed to use the IPO proceeds to fund capex and working capital requirements. A portion of the funds will also be used for general corporate purposes.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read red herring prospectus thoroughly before placing bids.
