SAR Televenture Follow-on Public Offer (FPO) is the hot topic today, with investors eagerly waiting to see if they have been allocated shares. Here’s a guide on how to check your FPO allotment status and what you need to know about this offer.
How to Check Your SAR Televenture FPO Allotment Status
If you applied for the SAR Televenture FPO, you can check if you received shares by following these simple steps:
- Visit the Registrar’s Website: Go to Link Intime India Private Ltd., which is the registrar for this FPO. The website address is https://linkintime.co.in/public-issues.html.
- Select the FPO: Look for the SAR Televenture FPO from the list of offers on the registrar’s site.
- Enter Your Details: You’ll need to provide information such as your PAN number, Demat account number, or application number.
- Choose Application Type: Indicate whether you applied through ASBA (Application Supported by Blocked Amount) or non-ASBA.
- Fill in Additional Information: Depending on your application type, you may need to enter details like your DP ID (Depository Participant ID) or Client ID.
- Submit and Check: Click on submit after entering the required details. You will then be able to see whether or not you received shares in the FPO.
If you’re allocated shares, they will be credited to your Demat account. SAR Televenture shares are expected to start trading on the stock exchange from July 29, 2024.
Key Details About SAR Televenture FPO
- Price Band: The shares were offered at a price between ₹200 and ₹210 each.
- Lot Size: Investors could apply for a minimum of 500 shares.
- Listing: The shares are anticipated to be listed on the NSE SME.
The Grey Market Premium (GMP) gives an indication of the demand for the shares before they are officially listed. Currently, SAR Televenture’s GMP is +₹5. This suggests that shares are being traded at a ₹5 premium in the grey market compared to the issue price.
While GMP can give an idea of potential demand, it is important to remember that it is not a guaranteed indicator of the actual listing price. The expected listing price, based on the upper end of the issue price band and current GMP, is around ₹215 per share. This would be approximately 2.38% higher than the IPO price of ₹210.
Subscription Details and Refunds
The SAR Televenture FPO was open for subscription from July 22 to July 24, 2024. It was highly subscribed, with the overall subscription rate at 7.49 times. Non-institutional buyers subscribed 8.34 times the portion reserved for them, while qualified institutional buyers subscribed 8.31 times, and retail investors subscribed 6.52 times.
If you did not receive any shares, the refund process will begin on July 26, 2024. The shares allocated to successful applicants will be credited to their Demat accounts on the same day.
Final Note
Investing in shares carries risks, and market conditions can be unpredictable. It is always a good idea to do thorough research and consider your investment strategy before making any financial decisions.
Stay tuned for more updates and check your FPO allotment status to see if you have been successful in securing shares from the SAR Televenture FPO.