3 hrs ago
SRIT India IPO Allotment, GMP and Listing Details Explained
People who applied for the SRIT India IPO can check whether they received shares online.
They can use the KFin Technologies website, the NSE website or the BSE website.
They will generally need details such as their application number and PAN.
The IPO was sold between September 28 and September 30 at ₹123–130 per share.
Each application had to be made in lots of 115 shares.
Investors placed many more orders than the number of shares available.
The reported grey market premium was ₹48–50 per share, but this does not guarantee a profit.
The article says refunds were expected by October 5 and gives a listing date that appears inconsistent with the IPO timeline.
Applicants can check SRIT India IPO allotment through KFin Technologies, NSE or BSE using application and PAN-related details.
The IPO was offered from September 28 to September 30 at ₹123–130 per share, with a lot size of 115 shares.
SRIT India raised ₹218 crore, while the issue was subscribed 125.16 times through nearly 40.98 lakh applications.
QIBs subscribed 91.84 times, NIIs 312.99 times and retail investors 63.70 times during the offering.
The reported grey market premium was ₹48–50 per share, implying a possible 36–38% listing gain, although the article gives inconsistent listing dates.
- Who
- Applicants for the SRIT India IPO, along with SRIT India Limited, the issue registrar and the stock exchanges.
- What
- Instructions for checking IPO allotment status, along with subscription figures, grey market premium and proposed listing information.
- Where
- Allotment can be checked through KFin Technologies, NSE and BSE online portals.
- When
- The IPO bidding period was September 28–30; refunds were expected by October 5. The article also mentions September 6 as the listing date, which conflicts with the bidding timeline.
- Why
- To let applicants determine whether they received shares and provide information about demand, expected refunds and the potential listing gain.
Key facts
- Issue price band
- ₹123–130 per share
- Lot size
- 115 equity shares
- Issue size
- ₹218 crore
- Overall subscription
- 125.16 times
- Grey market premium
- ₹48–50 per share
- Potential listing gain
- Approximately 36–38%, according to the reported GMP
- Lead manager
- Choice Capital Advisors
- Registrar
- KFin Technologies Limited
Sources
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