Subam Papers IPO Allotment Status Likely to be Fixed Today: Latest GMP, Steps to Check Allotment
Check Subam Papers IPO allotment status online today. Learn the latest GMP, expected listing price, and steps to view your IPO allotment status on Bigshare Services and BSE websites.
Subam Papers IPO Allotment Status Likely to be Fixed Today: Latest GMP, Steps to Check Allotment
New Delhi, October 4, 2024 – The much-awaited Subam Papers IPO allotment status is expected to be finalised today. After receiving a strong response during the bidding period, applicants are keen to check the outcome of their bids. The Subam Papers IPO, which was open for subscription from September 30 to October 3, 2024, is listed under the BSE SME platform, making it a noteworthy event for investors seeking promising opportunities in the SME sector.
Subam Papers raised ₹93.70 crore through its IPO, which was subscribed 92.93 times overall. The high demand reflects investor confidence, especially from Non-Institutional Investors (NII) and Qualified Institutional Bidders (QIB).
Key Details of Subam Papers IPO
- IPO Size: ₹93.70 crore
- Subscription Dates: September 30 – October 3, 2024
- Allotment Date: Likely on October 4, 2024
- Listing Date: Expected on October 8, 2024
- Issue Type: Book-built (BSE SME)
- IPO Price Band: ₹144 to ₹152 per share
- Lead Manager: Gretex Corporate Services Limited
- Registrar: Bigshare Services Pvt Ltd
- Total Shares Offered: 61.65 lakh (entirely a fresh issue)
Subam Papers IPO Allotment Status: How to Check Online
Investors eagerly waiting for the allotment results can check their Subam Papers IPO allotment status online through two primary channels: the BSE website and the Bigshare Services portal, which is the official registrar for the issue. Here’s a step-by-step guide for both methods:
1. Checking Allotment on Bigshare Services:
- Visit the official portal: Bigshare Services IPO Status
- Select “Subam Papers Limited” from the dropdown menu.
- Choose one of the three options – Application Number, Beneficiary ID, or PAN.
- Enter the relevant details.
- Fill in the Captcha code and click “Search.”
- The allotment status will appear on the screen.
2. Checking Allotment on BSE:
- Visit the BSE website and navigate to the “Investor Services” section.
- Click on “Status of Issue Application.”
- Select “Equity” under issue type, and choose “Subam Papers” from the issue name dropdown.
- Enter your application number or PAN, and click “Search” to view the status.
Subam Papers IPO GMP and Estimated Listing Price
As of today, Subam Papers IPO grey market premium (GMP) stands at ₹24 per share. This suggests that the shares are trading at a premium of ₹24 in the grey market, indicating a likely listing price of around ₹176 per share. This would represent a 15.79% premium over the upper end of the issue price band, which is ₹152 per share.
| Category | Subscription (times) |
|---|---|
| Retail Category | 48.97 |
| Qualified Institutional Bidders (QIB) | 57.18 |
| Non-Institutional Investors (NII) | 243.16 |
| Total Subscription | 92.93 |
Refunds and Credit to Demat Accounts
For unsuccessful bidders, refunds will be initiated on October 7, 2024. Simultaneously, the equity shares will be credited into the demat accounts of successful bidders on the same day. The listing of the Subam Papers IPO is expected to take place on October 8, 2024, when the shares will debut on the BSE SME platform.
Business Overview of Subam Papers Ltd
Subam Papers Ltd is an emerging player in the paper manufacturing industry, with a focus on producing high-quality paper products catering to both domestic and international markets. The company’s strong growth trajectory and the promising outlook for the paper sector have attracted significant attention from investors, particularly in the current IPO.
Expert Recommendations
Market experts have noted the strong demand for Subam Papers shares, with a robust GMP reflecting positive market sentiment. However, investors should always consider consulting certified financial advisors to ensure informed decisions based on individual financial goals.
With the Subam Papers IPO allotment status expected today, investors are eagerly awaiting to see the outcome of their bids. The strong response from both institutional and retail investors underscores the growing interest in this promising paper manufacturing company. As always, investors are advised to stay informed and check the allotment status using the steps mentioned above.
