Indian Phosphate IPO Allotment Today! Check GMP, Listing Date, and How to See Your Status Online
The initial public offering (IPO) of Indian Phosphate Ltd saw a strong response and ended with high subscription rates. Investors are now eagerly waiting for the IPO allotment, which is expected to be finalised today, August 30. The company’s shares are set to be listed on the NSE SME platform on September 3.
Allotment and Listing Details
The basis of the allotment is expected to be determined today. If successful, shares will be credited to investors’ demat accounts by September 2, with refunds initiated for those who didn’t get shares on the same day.
How to Check Allotment Status
Investors can check their allotment status online through the NSE website or the IPO registrar’s portal, Bigshare Services Pvt Ltd. Here’s how:
- Visit the IPO registrar’s website: Bigshare Services
- Select ‘Indian Phosphate Limited’ from the Company Selection dropdown menu.
- Choose the identification method (Application No., Beneficiary ID, or PAN).
- Enter the required details and Captcha code.
- Click on Search to see your allotment status.
Indian Phosphate IPO GMP
Indian Phosphate shares are trading at a strong premium in the grey market. The current grey market premium (GMP) is ₹100 per share, indicating a potential listing price of around ₹199 per share, which is 101.01% higher than the IPO issue price of ₹99.
Key IPO Details
- IPO Subscription Period: August 26 – August 29
- Allotment Date: August 30
- Listing Date: September 3
- Price Band: ₹94 – ₹99 per share
- Funds Raised: ₹67.36 crore at the upper end of the price band
The proceeds from the IPO will be used to set up a new manufacturing facility, meet working capital needs, and for general corporate purposes. The IPO was heavily subscribed, with a total subscription of 267.89 times. The retail category saw a 243.02 times subscription, while Qualified Institutional Buyers (QIBs) subscribed 181.58 times, and Non-Institutional Investors (NIIs) booked 441.01 times.
Beeline Capital Advisors Pvt Ltd served as the lead manager for the IPO, and Bigshare Services Pvt Ltd is the registrar.
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