How To Check Shree Marutinandan Tubes IPO Allotment Status

Shree Marutinandan Tubes IPO allotment status is set to be finalised on Wednesday, January 17. The Shree Marutinandan IPO opened on January 12. The subscription status for Shree Marutinandan Tubes IPO stands at an impressive 47.16 times.

If you applied for the IPO here is how you can check the Shree Marutinandan Tubes IPO allotment status

Checking IPO Allotment Status on Registrar's Website:

Follow these steps to check the Shree Marutinandan IPO allotment status

  1. Visit the registrar's website.
  2. Select ‘Company Selection' and choose “Shree Marutinandan Tubes.”
  3. Enter your PAN, application number, or Beneficiary ID.
  4. Enter the captcha.
  5. Click on ‘Search' to retrieve Shree Marutinandan Tubes IPO allotment status

If all the details are entered correctly and the allotment has been finalised, the Shree Marutinandan Tubes IPO allotment status will be visible.

See Also: India Dominates Asia Pacific IPO Scene With Record-Breaking Listings

Shree Marutinandan IPO Overview: The IPO consists of a fresh issue of 10,00,000 equity shares with a face value of ₹10 per share, and there is no offer-for-sale component. The funds raised through the IPO will serve various purposes, including covering public issue costs, addressing general corporate requirements, and supporting additional working capital needs.

Notably, the IPO has garnered strong interest from retail investors, with their portion subscribed 59.71 times, while non-institutional buyers have subscribed 32.67 times.

In the grey market, Shree Marutinandan Tubes IPO’s grey market premium (GMP) is currently reported to be at +12. This suggests that the shares are trading at a premium of ₹12 in the grey market.

Based on the upper end of the IPO price band and the existing premium in the grey market, the estimated listing price for Shree Marutinandan Tubes shares is projected at ₹155 apiece. This reflects an 8.39% increase compared to the IPO price of ₹143.

Read Next: Disney Star, Viacom 18 Lock Horns In Advertising Duel For IPL 2024 Despite Merger Talks: Report

Don't miss a beat on the share market. Get real-time updates on top stock movers and trading ideas on Benzinga India Telegram channel.

Posted In: IPOsShree Marutinandan Tubes