18.1 C
Delhi
Wednesday, October 27, 2021

Paras Defense IPO: Know what’s going on in GMP and how to check allotment

Best Defense IPO: Investors have made record bids in Paras Defense’s IPO. This is the first time that such a bid has been made for an issue. The issue of the company was subscribed 304.26 times. The demand for this IPO can be gauged from the fact that it was fully subscribed within minutes of the issue opening on September 21.

The bids are for 217.26 crore equity shares in lieu of 71.40 lakh shares of the company. According to the company’s upper price band of Rs 175, bids of Rs 38,000 crore have been received. The reserve portion for retail investors has attracted 112.81 times the bid. Whereas Non-Institutional Investors (NIIs or HNIs) have bid 927.70 times their share. The reserve portion for Qualified Institutional Buyers (QIBs) has subscribed 169.65 times.

What is Gray Market Premium?

The premium for unlisted shares of Paras Defense is running at Rs 250 in the gray market. In such a situation, all eyes are now on its listing. The issue price of the company was Rs 165-175. Accordingly, Paras Defense is trading at Rs 450 (175 + 250) in the gray market.

The company is raising Rs 179.77 crore from IPO. The company has already raised Rs 51.23 crore from anchor investors. The allotment of shares of the company is scheduled to take place on September 28. If you have also invested in this issue, then know how to check allotment status.

Oyo targets more than $ 12 billion valuation in IPO, founder will not sell stake

How to check through BSE

First of all click on https://www.bseindia.com/investors/appli_check.aspx.

After clicking on this link a page of Status of Issue Application will open. Select Equity option on it.

Select the name of the company for which you want to check the allotment of IPO.

After that enter your application number.

Below this you have to enter the details of your PAN.

After this, verify you by clicking on the box of I am not a robot.

After this press the search button and the status will be in front of you.

If you want to check allotment through registrar company KFin Technologies then you can check like this

First of all click on this link.
https://ris.kfintech.com/ipostatus/ipos.aspx

After this, select the name of the IPO in Dropbox whose allotment status is to be checked.

Below this, you can check the status by giving any one of these three information-

application number

client id

PAN

After that select the type of your application. That is, choose between ASBA or Non-ASBA.

According to the mode you will select, you will have to give information below it.

After that fill the captcha and submit.

Your allotment status will be in front of you.

Those who do not get the shares, their money will be returned by September 22. Whereas the shares of 23 September will start appearing in the demat account of the people to whom the shares will be allotted. The company’s shares are listed on BSE and NSE on 24 September.

Facebook us for social media updates (https://www.facebook.com/moneycontrolhindi/) and Twitter (.) to follow.

.

Shehnazhttps://www.businesskhabar.com/
Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.
Latest news
- Advertisement -
Related news
- Advertisement -