The IPO of Shree Ram Twistex Ltd has created strong buzz in the market.
The issue closed this week with massive investor interest, getting subscribed 43.66 times on the final day.
The Rs 110.24-crore mainboard IPO was priced at Rs 104 per share.
Now that the allotment has been finalised, investors can check whether they have received shares.
Here’s everything you need to know.
Contents
Massive Subscription Across Categories
On the last day of bidding, the IPO received bids for over 46.28 crore shares against just 1.06 crore shares on offer.
The retail category saw huge demand, getting subscribed 76.63 times.
The non-institutional investor (NII) portion witnessed extraordinary demand at 220.30 times subscription.
Meanwhile, the qualified institutional buyers (QIBs) segment was subscribed 3.94 times.
Such strong demand reflects high interest from investors across categories.
What Does Grey Market Premium Indicate?
According to market observers, the unlisted shares of Shree Ram Twistex Ltd are trading at Rs 84 in the grey market.
This is about 19.23 percent lower than the IPO price of Rs 104, indicating a negative premium.
In simple terms, it suggests the stock may list below its issue price.
However, grey market premium (GMP) is based on market sentiment and can change quickly.
It only reflects how much investors are willing to pay above or below the issue price before listing.
The company is scheduled to list on March 2.
How To Check Shree Ram Twistex IPO Allotment Status
If you applied for the IPO, you can check your allotment status online through multiple platforms.
Via Bigshare Services Pvt Ltd
Visit the official IPO status portal of Bigshare Services.
Select ‘Shree Ram Twistex’ from the company dropdown list.
Enter your application number, demat account details, or PAN.
Click on ‘Submit’.
Your allotment status will appear on the screen.
Via BSE
Go to the BSE investor services page.
Select ‘Equity’ under Issue Type.
Choose ‘Shree Ram Twistex Limited’ from the dropdown menu.
Enter your application number or PAN.
Complete the verification and click ‘Search’.
Your share application status will be displayed.
Via National Stock Exchange of India (NSE)
You can also check your allotment status on the NSE website under the IPO bid verification section by entering your required details.
With strong subscription numbers and a mixed signal from the grey market, all eyes are now on the listing day.
Investors will be watching closely to see how the stock performs when it debuts on the exchanges.