How To Check Pune E-Stock Broking IPO Allotment Status

At the end of Day 3, the subscription status of the Pune E-Stock Broking IPO stood at 371 times. The Pune E-Stock Broking IPO allotment status is set to be finalised today.

If you applied for the BSE SME IPO, here is how you can check the Pune E-Stock Broking IPO allotment status.

Checking IPO Allotment Status on Registrar's Website:

Follow these steps to check the Pune E-Stock Broking IPO allotment status

  1. Visit the registrar's website.
  2. Click on "Company Selection" and choose "Pune E-Stock Broking" from the dropdown menu.
  3. Then you can enter your PAN, application number, or Demat.
  4. Enter the captcha and click Submit to retrieve the Pune E-Stock Broking IPO allotment status.

Checking IPO Allotment Status on BSE:

  1. Go to the BSE website.
  2. Click on the ‘Equity' section and select "Pune E-Stock Broking" from the dropdown menu.
  3. Enter your application number or PAN.
  4. Click on the ‘Search' button.
  5. The result will show the number of shares allotted to you.

If all the details are entered correctly and the allotment has been finalised, the Pune E-Stock Broking IPO allotment status will be visible.

Pune E-Stock Broking IPO Subscription

Retail investors have shown strong interest, with their portion being subscribed 338.92 times, while non-institutional buyers’ portion was subscribed 775.99 times. Qualified Institutions Buyers subscribed to the issue 123.02 times. Overall, the company has received bids for 1,01,85,71,200 shares against the 27,42,400 shares on offer.

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The Pune E-Stock Broking IPO reserved not more than 50% of the shares for qualified institutional buyers (QIBs), at least 15% for non-institutional investors (NIIs), and a minimum of 35% for retail investors. Additionally, a portion of up to 6,91,200 equity shares or 15% of the issue is reserved for market makers. The market makers’ portion is not added to the calculation for total subscriptions.

Pune E-Stock Broking IPO Details

The IPO of Pune E-Stock Broking comprises a fresh equity issue of 46.06 lakh shares with the aim of raising ₹38 crore. Priced at ₹78-₹83 per share, investors can bid for 1,600 shares in 1 lot. The net proceeds from the public offering will be allocated towards meeting working capital requirements, general corporate purposes, and covering public issue expenses.

Pune E-Stock Broking IPO GMP

In the grey market, Pune E-Stock Broking IPO GMP is reported at ₹90. With the price band of ₹83, Pune E-Stock Broking IPO could list at ₹173, an over 108% premium. However, investors should note that IPO GMPs are merely indicative and should not be taken as the sole factor in deciding the company's performance upon listing.

Pune E-Stock Broking Company Details

Pune E-Stock Broking primarily provides a platform for clients to execute trades across various segments including equity, futures & options, currency, and commodities. As of March 2023, the company’s client base stood at 60,640, including authorised persons and direct clients.

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