On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. They can check the allotment status through the BSE or by visiting the registrar s website. Here s how you can check the status on BSE.
Suraj Estate Developers sold its IPO in the price band of Rs 340-360 apiece with a lot size of 41 shares, which was open for bidding between December 18 to December 20.
Motisons Jewellers is the most buzzed of the lot, commanding a premium of Rs 76 in the unlisted market against an issue price of Rs 55. The issue, which closed on Wednesday, was subscribed by a massive 159 times at the end, led by non-institutional and retail investors. The share allotment for the public offer is expected later in the evening today.
More than half a dozen companies will hit the market with their initial public offerings (IPOs) between now and the end of next week.
The cumulative amount raised from these IPOs is expected to be around Rs 8,000 crore.
Stationery products firm DOMS Industries and home financier India Shelter Finance s IPOs - of Rs 1,200 crore each - got off to a flying start on Wednesday (December 13), with the former garnering over six times the subscription and the latter getting 1.5 times subscribed.