Ideal Technoplast IPO Allotment Today: How to Check Status and GMP Update

The allotment for the Ideal Technoplast Industries IPO will be finalised today, Monday, August 26. Investors who applied for shares can check their allotment status on the registrar’s website, Bigshare Services Pvt Ltd. On the third and final day of bidding, the IPO was subscribed 116.75 times, according to data from chittorgarh.com. The subscription period ran from Wednesday, August 21, to Friday, August 23.

How to Check Allotment Status:

• Investors can check if they have been allotted shares by visiting the registrar’s portal. The allotment status will show how many shares have been allotted or if the application was unsuccessful.
• Investors who did not receive any shares will start getting refunds, while those who were successful will see their shares credited to their demat accounts by Tuesday, August 27.
• The Ideal Technoplast Industries IPO shares are scheduled to list on Wednesday, August 28, on NSE SME.

Steps to Check Allotment Status:

1. Go to the Bigshare Services website: Visit the IPO status page directly at Bigshare IPO Status.
2. Select the IPO: Choose “Ideal Technoplast Industries IPO” from the dropdown menu.
3. Enter your details: You can check the status using your PAN number, Beneficiary ID, or Application No./CAF No.
4. Click ‘Search’: Your allotment status will be displayed on the screen.

GMP (Grey Market Premium) Update:

• Today, the GMP for Ideal Technoplast Industries shares is +₹15, meaning the shares are trading at a ₹15 premium in the grey market.
• Considering the IPO price of ₹121, the expected listing price could be around ₹136 per share, which is 12.4% higher than the issue price.
• Over the past eleven sessions, the GMP has ranged between ₹0 and ₹15, suggesting a positive outlook for the stock’s listing.

The grey market premium reflects investors’ willingness to pay above the IPO price, hinting at strong demand for the shares.