Srigee DLM IPO: How to check allotment status, listing date, and key details

Synopsis

Investors await Srigee DLM IPO allotment finalization. Subscription closed connected May 7. The IPO witnessed important oversubscription crossed each categories. Successful applicants volition person shares successful their demat accounts by May 9. Unsuccessful applicants volition person refunds connected the aforesaid day. Srigee DLM is acceptable to debut connected the BSE SME level connected May 12.

Investors who applied for the Srigee DLM IPO tin soon cheque their allotment status, with the allotment expected to beryllium finalized connected May 8. Those who person subscribed tin verify their allotment presumption done the authoritative website of the registrar, Bigshare Services, oregon straight via the BSE website.

The IPO, which was unfastened for subscription from May 5 to May 7, saw robust demand, being subscribed conscionable implicit 400 times overall. The retail information was subscribed 243 times, the non-institutional capitalist (NII) class 1534 times, and the qualified organization purchaser (QIB) conception 130 times, reflecting beardown capitalist involvement crossed categories.

Once the allotment is finalized, shares volition beryllium credited to palmy bidders' demat accounts by May 9, portion refunds for unallotted investors volition beryllium processed connected the aforesaid day. Srigee DLM is expected to marque its marketplace debut connected the BSE SME level connected May 12.

How to Check Srigee DLM IPO Allotment Status connected BSE:

Visit the BSE website astatine https://www.bseindia.com/investors/appli_check.aspx.

Select 'Srigee DLM' from the dropdown menu.

Enter your exertion fig oregon PAN to entree the allotment status.

How to Check Allotment via Bigshare Services:

Go to the registrar’s website astatine https://ipo.bigshareonline.com/ipo_status.html.

Choose 'Srigee DLM IPO' from the list.

Enter your PAN oregon exertion fig and click 'Search'.

Srigee DLM IPO Details:

The IPO was well-received successful the grey market, with a GMP of ₹30, suggesting a imaginable listing terms of astir Rs 129 per share, which is simply a premium of 30.3% implicit the contented price.

The Rs 16.98 crore IPO was a implicit caller contented of 17.15 lakh shares, priced betwixt Rs 94 and Rs 99 per share. The proceeds are earmarked for mounting up a manufacturing installation successful Gautam Budh Nagar, Uttar Pradesh, purchasing machinery, and gathering wide firm expenses.

Srigee DLM is engaged successful design-led manufacturing, specializing successful integrative injection moulding, instrumentality country and dice manufacturing, mobile telephone sub-assembly, and polymer compounding. Its clients see players successful user durables, location appliances, automotive components, and electronics sectors.

(Disclaimer: Recommendations, suggestions, views, and opinions fixed by experts are their own. These bash not correspond the views of Economic Times)

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