Now Reading: Swastika Infra IPO allotment status today: how to check on BSE, NSE, MUFG Intime
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Swastika Infra IPO allotment status today: how to check on BSE, NSE, MUFG Intime
Swastika Infra IPO allotment status today: how to check on BSE, NSE, MUFG Intime
Swastika Infra Ltd is expected to finalise the share allotment for its initial public offering today, with the basis of allotment likely to be processed and made available on the registrar's website…
Swastika Infra Ltd is expected to finalise the share allotment for its initial public offering today, with the basis of allotment likely to be processed and made available on the registrar's website and the stock exchanges.
Investors who bid for the IPO can check allotment status on the BSE and NSE websites by selecting the issue and entering their application number or PAN. The registrar for the issue, MUFG Intime India, also provides an allotment status page on its own website.
Once allotment is confirmed, shares will be credited to successful applicants' demat accounts, while refunds will be processed for the rest. The company is scheduled to list its shares on the exchanges. Grey market premium, which reflects the expected listing gain, was not specified.
Indian Opinion Analysis
The allotment date is the last gate before listing for a retail-heavy IPO, where the actual number of retail applicants who made it into the book decides the premium. For Swastika Infra, a relatively small issue, the listing could be volatile. The company has not disclosed the listing date in the article, but typically, a company lists within 6 to 10 working days after the allotment. If the grey market premium has been low in recent weeks for smaller issues, that would cap the listing gain. Watch the exchange notices on the listing date: that is when the exact price band and trading volume become clear.
Source: ndtvprofit.com
This brief was synthesised by AI from the source linked above.
