SAR Televenture FPO Allotment Finalized Today; Check Share Price, Latest GMP, and 6 Easy Steps to Check Status
The SAR Televenture Follow-on Public Offering (FPO) share allotment will be finalized today, Thursday, July 25. Investors who applied can check the allotment status on the Link Intime India Private Ltd. portal. The FPO opened for subscription on Monday, July 22, and closed on Wednesday, July 24. By the last day, the FPO was subscribed 7.49 times. Non-institutional buyers led the way with 8.34 times subscription, followed by qualified institutional buyers at 8.31 times, and retail investors at 6.52 times, according to chittorgarh.com.
On Thursday, SAR Televenture’s share price was down about 0.3%, trading at ₹239.80 per share on the NSE.
SAR Televenture aims to raise ₹450 crore through the FPO and a rights issue. This includes a ₹150 crore FPO and a rights issue of up to ₹300 crore in shares.
Shareholders can use the basis of allotment to find out if and how many shares they have been assigned. The company will start refunding applicants who did not receive shares and crediting shares to those who did. Refunds will begin on Friday, July 26, and shares will be credited to demat accounts the same day.
The SAR Televenture FPO listing date is set for Monday, July 29.
How to Check SAR Televenture FPO Allotment Status on Registrar Site:
- Visit the Link Intime India Private Ltd. website: https://linkintime.co.in/public-issues.html
- Choose the FPO from the dropdown menu; the name will appear once the allocation is complete.
- Select the option to view status by PAN, Demat Account, or Application No.
- Choose the application type, either non-ASBA or ASBA.
- Enter the relevant details based on your chosen option.
- Complete the captcha and click submit.
SAR Televenture FPO Grey Market Premium (GMP) today is +5. This means the shares are trading at a ₹5 premium in the grey market, as per investorgain.com. Considering the upper end of the IPO price band and the current GMP, the expected listing price of SAR Televenture shares is ₹215, which is 2.38% higher than the IPO price of ₹210.
The ‘grey market premium’ indicates how much more investors are willing to pay over the issue price.
Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.
