Macfos Ltd's ₹24 crore initial public offering (IPO) is seeing strong demand from Indian retail investors.

What Happened: The three-day initial share sale of the Pune-based e-commerce company that opened on Friday will conclude on Tuesday.

As of Feb. 20, It has been oversubscribed over 16 times.

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Macfos IPO Grey Market Premium: The shares of Macfos are piping hot in the grey market. According to IPO Watch, the grey market suggests a premium of 70% over the issue price band of ₹96 to ₹102 per share. 

Although it is not an official gauge, the grey market premium provides a reasonable indication of the level of demand for a company’s shares in the market. It represents the additional amount that the market is willing to pay for the shares of a newly listed company.

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How To Check Allotment Status For Macfos IPO: As per the timeline provided in the red-herring prospectus, the Macfos IPO allotment status will be finalized by Feb. 24. The registrar of the Macfos IPO is responsible for IPO allotment and refund processing for those who are not allotted any share in the IPO.

To check the status of your allotment status, you can visit the BSE website by clicking the following link:

1. Select Issue Type As Equity 
2. Select ​​Issue Name As MACFOS Limited 
3. Put Application No. 
4. Or You May Choose To Put Your PAN Number 
5. Clear Captcha A
6. Hit Search 

Similarly, you can also visit the Macfos IPO's registrar website, which in this case is Bigshare Services Pvt Ltd, to check your application status.

1. Visit The Registrar’s Website Here
2. Click On ‘Select Company’ (The name of the company will reflect closer to the allotment date)
3. Once The Company Is Selected, You Will Have To Enter Either Your Pan Details, The Application Number, Or The Client ID 
4. Enter The Captcha Code And Click 'Submit'

 Macfos IPO Listing On Stock Exchanges: The company’s shares are expected to debut on BSE SME on March 1.

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