The IPO for Solve Plastic Products Ltd, a maker of uPVC pipes, has closed, and investors are eagerly awaiting the allotment results. The IPO opened on August 13 and closed on August 16, with the allotment expected to be finalised today, August 19.
Shares are set to be listed on the NSE SME platform on August 21. Investors will see shares credited to their demat accounts and refunds for any unsuccessful bids on August 20.
How to Check Allotment Status:
- Visit the registrar’s website at Integrated Registry Management Services.
- Click on ‘IPO / Rights Issue Allotment Status’.
- Select ‘Solve Plastic Products Limited’ from the dropdown menu.
- Choose between Application No, Client ID, or PAN.
- Enter the details and click ‘Submit’ to see your allotment status.
GMP Today:
Today, the grey market premium (GMP) for Solve Plastic Products is ₹0. This means the shares are trading at their issue price of ₹91, with no premium or discount expected.
IPO Details:
- Subscription: The IPO was 34.23 times oversubscribed overall. Retail investors subscribed 46.76 times, while the other category was 19.47 times.
- Price: The issue price was ₹91 per share. The company raised ₹11.85 crore from the issue of 13.02 lakh equity shares.
- Funds Use: The money will be used for buying new machinery, working capital, and general expenses.
Finshore Management Services Ltd is managing the IPO, while Integrated Registry Management Services Pvt Ltd is handling allotment and other registrarial functions.
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