Electro Force IPO Allotment Details Awaited; Steps to Check Allotment Status

Investors eagerly await the announcement of the Electro Force IPO allotment status to determine the number of shares allocated to them. The basis of allotment will reveal this information, and investors can also check the IPO allotment status to confirm their share allocation. The company has outlined that the refund process for applicants not receiving shares will commence on Tuesday, December 26. For those allotted shares, the shares will be credited to their demat accounts on the same day.

The listing date for Electro Force India IPO is set for Wednesday, December 27.

Investors who have applied for the Electro Force IPO can promptly check their allotment status on the website of the IPO registrar, Skyline Financial Services Private Ltd, using the following link: https://www.skylinerta.com/ipo.php

Here are the steps to check the Electro Force IPO allotment status:

Step 1: Visit the provided link, directing you to the website of Electro Force (India) Limited IPO’s registrar, Skyline Financial Services Private Ltd.

Step 2: In the drop-down box, select the IPO name once the allocation process is completed.

Step 3: Choose one of the three options to check the status: Application No, Demat Account, or PAN. Investors can use their Income Tax PAN number, Application number or CAF number, or the Beneficiary ID of their demat account.

• Income Tax PAN Number: Enter the 10-digit alphanumeric PAN number and click ‘Submit.’
• Application Number or CAF Number: Enter the application or CAF number and click ‘Search’ after which clicking ‘Submit’ will display the allocated shares.
• Beneficiary ID: Enter the DP ID and Client ID as a single string, derived from the demat account. Click ‘Submit’ to view the allotment status.

Step 4: The screen will display the IPO status and the number of Electro Force (India) Limited IPO shares allotted.

Electro Force IPO Subscription and GMP:

The subscription status of the Electro Force IPO stood at 4.28 times on day 3, with robust interest from retail investors (6.44 times subscription) and non-institutional buyers (2.12 times subscription). The company received bids for 3,52,96,800 shares against 82,39,200 shares on offer.

The IPO subscription status was 93% on day 1 and reached 2.02 times on day 2.

As of now, the Grey Market Premium (GMP) for Electro Force IPO is ₹0, indicating that shares are trading at their issue price of ₹93 with no premium or discount. Earlier, on December 20, the GMP was +10, indicating a premium of ₹10 in the grey market.

The GMP serves as an indicator of investors’ willingness to pay more than the issue price for the shares.

Investors can stay tuned for the upcoming listing on Wednesday, December 27, to see how Electro Force performs in the market.