6 hrs ago
SS Retail IPO Allotment Status, Odds, GMP and Listing Timeline
SS Retail sold shares to the public through an IPO.
Each application had to be for at least 35 shares.
Many more people applied than there were shares available.
Because of this, most applicants were unlikely to receive shares.
Applicants could check their allotment on the KFin Technologies, NSE, or BSE websites.
They needed details such as their PAN or application number.
The reported grey market premium was Rs 145-150 per share.
This suggested a possible listing gain of about 34-35%, but it was not a guaranteed return.
Refunds were expected by September 22, and the shares were scheduled to list on September 23.
SS Retail IPO allotment can be checked through KFin Technologies, NSE, or BSE using application and PAN details.
The IPO was offered at Rs 403-424 per share with a lot size of 35 shares.
The issue was subscribed more than 103.30 times, attracting nearly 40.98 lakh applications.
Estimated allotment odds were 2.95% for bNII and retail applicants, and 0.84% for sNII applicants.
The GMP was reported at Rs 145-150, indicating a potential 34-35% listing gain, though GMP is unofficial.
- Who
- Applicants to the SS Retail IPO, along with qualified institutional bidders, non-institutional investors, and retail investors.
- What
- The article explains how to check SS Retail IPO allotment, the estimated chances of receiving shares, and the reported GMP.
- Where
- Allotment could be checked on the KFin Technologies, National Stock Exchange of India Limited, or BSE Limited websites.
- When
- Bidding took place from September 16 to September 18; refunds were expected by September 22 and listing was scheduled for September 23.
- Why
- The IPO was heavily oversubscribed, making allotment uncertain and prompting applicants to check their results and potential listing gains.
Key facts
- Price band
- Rs 403-424 per share
- Lot size
- 35 equity shares
- Total issue size
- Rs 500 crore
- Overall subscription
- More than 103.30 times, with nearly 40.98 lakh applications
- Category subscription
- QIBs: 203.61 times; NIIs: 143.32 times; retail: 36.36 times
- Reported GMP
- Rs 145-150 per share, suggesting an estimated 34-35% listing gain
- Scheduled listing
- September 23 on NSE and BSE
Sources
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