Great news for those who applied for the Tunwal E-Motors IPO! The allotment of shares is being finalized today, Friday, July 19th, 2024. This means the company will decide how many shares will be given to each investor who applied.
You can find out if you received any Tunwal E-Motors shares by checking the allotment status. This will be available today, July 19th. Follow these four straightforward steps to get it done:
- Visit the Registrar’s Website: The allotment process is handled by Skyline Financial Services Private Ltd., the registrar for the IPO. Head to their website.
- Find the Allotment Status Section: Look for a section dedicated to IPO allotment status. It might be called “IPO Status,” “Allotment Results,” or something similar.
- Enter Your Details: You’ll likely need to provide your application reference number or PAN number to access your allotment status.
- View Your Results: The website will show you if you’ve been allotted any shares and how many.
If you were allotted shares:
- Refund: The money you paid for the non-allotted portion (if any) will be refunded to your bank account starting July 22nd, 2024.
- Share Credit: The allotted shares will be credited to your Demat account by July 22nd, 2024. This is like an electronic storehouse where your shares are kept safely.
If you didn’t get any shares:
- Refund: You’ll automatically receive a refund for the entire application amount within a few days.
GMP, or Grey Market Premium, is an unofficial estimate of how much a share might trade for after listing. It’s not an exact science and shouldn’t be relied upon for investment decisions.
Listing Date
Mark your calendars! Tunwal E-Motors shares are set to be listed on the NSE SME platform on Tuesday, July 23rd, 2024. This is when trading will begin, and you’ll be able to buy or sell your shares if they were allotted to you.
Remember:
- This is just the allotment. The actual share price may be different when trading starts on July 23rd.
- Conduct your own investigation before deciding on any investments.
Stay Informed:
Keep an eye on news outlets and the company’s website for further updates about the listing and the company’s performance.