New Swan Multitech IPO opened for subscription on January 11 and is set to finalise the allotment status on Tuesday, Jan 16. The New Swan Multitech IPO saw robust demand as it was subscribed 384.26 times.
If you applied for the IPO here is how you can check the New Swan’s IPO allotment status
Checking IPO Allotment Status on Registrar's Website:
Follow these steps to check the New Swan Multitech IPO allotment status
- Visit the registrar's website.
- Select ‘Company Selection' and choose ‘New Swan Multitech.'
- Enter your PAN, application number, DP/Client ID, or Account number/IFSC.
- Click on ‘Search' to retrieve the allotment status
If all the details are entered correctly and the allotment has been finalised, the New Swan Multitech IPO allotment status will be visible.
Get all the latest Share Market trends and news to set you up for the week ahead.
New Swan Multitech IPO Overview: The New Swan Multitech IPO is currently trading at a ₹37 premium in the grey market. This means it is trading 56.06% higher than its upper price band of ₹66.
If this premium holds until the listing day, the company is expected to be listed at ₹103, potentially giving IPO investors a significant gain of 56.06%.
Established in 2014, the company specialises in manufacturing precision-engineered components and parts for the automotive sector (auto components). Additionally, it produces agricultural farm machinery, addressing modern farming needs (agricultural implements).
The company operates from a manufacturing unit in Vithlapur, Ahmedabad, Gujarat, where it manufactures a variety of automotive components, including precision machined tubular assemblies, welded assemblies, precision brackets, and sheet metal parts.
In the agricultural implements sector, the company designs manufactures, and supplies a diverse range of implements for soil preparation, sowing, crop management, harvesting, and crop residue management.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.