COMPANIES

No Data Found

NEWS

No Data Found
Electronics Mart IPO subscribed 71.93x! Allotment status, listing date, GMP & more

Electronics Mart IPO subscribed 71.93x! Allotment status, listing date, GMP & more

The QIB category attracted 169.54 times bids while the quotas reserved for non institutional investors (NIIs) and retail individual investors (RIIs) were subscribed 63.59 times and 19.71 times, respectively.

Amit Mudgill
Amit Mudgill
  • Updated Oct 7, 2022 7:22 PM IST
Electronics Mart IPO subscribed 71.93x! Allotment status, listing date, GMP & moreThe IPO received bids for 4,49,53,64,644 shares, which was 71.93 times the issue size of 6,25,00,000 shares.

The 500-crore Electronics Mart India IPO on Friday concluded after receiving a solid 71.93 times subscription, thanks to a strong demand from qualified institutional bidders (QIBs).
 
The issue received bids for 4,49,53,64,644 shares, which was 71.93 times the issue size of 6,25,00,000 shares.
 
The QIB category attracted 169.54 times bids while the quotas reserved for non institutional investors (NIIs) and retail individual investors (RIIs) were subscribed 63.59 times and 19.71 times, respectively.
 
As per the red herring documents filed with ROC, the basis of allotment for the IPO may take place on October 12 (Wednesday), the initiation of refunds is likely on October 13 (Thursday) and the credit of shares to demat accounts is likely by October 14 (Friday). The scrip will likely list on stock exchanges on October 17 (Monday).
 
Last heard, the issue was commanding a grey market premium (GMP) of Rs 34 apiece, up from Rs 27-30 a piece earlier. 
 
How to check allotment status
On October 12, investors, who bade for the IPO, may check the allotment status on the BSE website by visiting HERE

Advertisement

Prospective allottees would be required to click on 'Equity' and select ELECTRONICS MART INDIA LIMITED' under the 'Issue Name' tab. They would then either be required to type Application number or PAN number. Check 'I am no robot' and hit search.
 
An alternate way would be to vist the registrar's website, which in this case is KFin Technologies.
 
Bidders can visit HERE
 
They need to select the IPO and give either of the three: application number, demand account and PAN ID. They would then be required to click on security check and hit submit.

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
Published on: Oct 7, 2022 7:22 PM IST
Post a comment0