Subam Papers IPO Allotment Likely Today! Check Status Online & Latest GMP for BSE SME Listing
The initial public offering (IPO) of Subam Papers Ltd attracted strong interest, and now applicants are eagerly awaiting the IPO allotment, which is expected to be finalised today, October 4.
The Subam Papers IPO, listed under the BSE SME platform, was open for subscription from September 30 to October 3. Once the allotment is confirmed today, the equity shares will be credited to eligible bidders’ demat accounts by October 7. Refunds for unsuccessful bidders will also be processed on the same day.
How to Check Subam Papers IPO Allotment Status Online
Investors can check their IPO allotment status easily through the BSE website or the IPO registrar’s portal, Bigshare Services Pvt Ltd. Follow these simple steps to check the allotment status online:
Steps to Check Allotment Status on Bigshare:
- Go to the IPO registrar’s website at this link: Bigshare Allotment Status
- Select ‘Subam Papers Limited’ from the dropdown menu.
- Choose either ‘Application No,’ ‘Beneficiary ID,’ or ‘PAN’ in the Type field.
- Enter the relevant details.
- Enter the Captcha code and click on ‘Search.’
The status of your Subam Papers IPO allotment will appear on the screen.
Grey Market Premium (GMP)
The shares of Subam Papers are commanding a premium in the grey market. As per market observers, the Subam Papers IPO GMP today is ₹24 per share, which means the shares are trading at ₹24 higher than the issue price.
With a GMP of ₹24, it is estimated that Subam Papers shares will list at ₹176 per share, reflecting a 15.79% premium over the issue price of ₹152 apiece.
IPO Details
The IPO was open for subscription from September 30 to October 3, with the allotment likely being finalised today, October 4. The IPO is expected to list on October 8 on the BSE SME platform.
Subam Papers raised ₹93.70 crore through this book-built issue, which included a fresh issue of 61.65 lakh shares. The price band for the IPO was set between ₹144 to ₹152 per share.
The Subam Papers IPO was highly oversubscribed, with an overall subscription of 92.93 times. The retail category was subscribed 48.97 times, Qualified Institutional Bidders (QIB) subscribed 57.18 times, and the Non-Institutional Investors (NII) category was subscribed a massive 243.16 times.
Gretex Corporate Services Limited acted as the book-running lead manager, while Bigshare Services Pvt Ltd is handling the issue’s registrar duties.
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