The Indian Phosphate IPO is making headlines today as the allotment date approaches. The company recently concluded its IPO subscription period, and investors are eagerly waiting to find out if they have been allocated shares. The allotment date is August 30, and the equity shares will be listed on the National Stock Exchange (NSE) Small and Medium Enterprises (SME) platform on September 3.

How to Check Your Allotment Status

For those who applied for the Indian Phosphate IPO, here’s how you can check if you have been allocated shares:

  1. Visit the IPO Registrar’s Website: Go to the official IPO registrar’s website at Bigshare Online.
  2. Select Indian Phosphate Limited: Choose “Indian Phosphate Limited” from the dropdown menu.
  3. Choose Your Search Criteria: You can select from Application No., Beneficiary Id, or PAN number.
  4. Enter Your Details: Input the required information based on your chosen search criteria.
  5. Complete the Captcha: Enter the Captcha code and click on the “Search” button.

Your allotment status will appear on the screen, showing whether or not you have been allocated shares in the IPO.

Allotment and Listing Dates

  • Allotment Date: Today, August 30.
  • Shares Credited to Demat Accounts: September 2.
  • Refunds to Unsuccessful Bidders: Also on September 2.
  • Listing Date: September 3.

The Grey Market Premium (GMP) is an important indicator of how the market views the IPO. For the Indian Phosphate IPO, the GMP is currently ₹100 per share. This means the shares are trading ₹100 higher in the grey market compared to their issue price. Based on this GMP, the expected listing price of Indian Phosphate shares is around ₹199 each. This is a 101% premium over the IPO price of ₹99 per share.

The Indian Phosphate IPO has attracted significant investor interest, and today’s allotment results will be crucial in determining the company’s market performance. The expected GMP and subsequent listing price are positive indicators of strong market confidence. Investors should keep an eye on their allotment status and be prepared for the shares to start trading on the NSE SME platform from September 3.

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Bhoi Smrutirekha Dharanidhar Marketing and Finance
Smrutirekah is a finance enthusiast with a background in financial planning. Her passion for money management drives her to share practical tips and insights on this blog, empowering readers to take control of their finances. With clear, actionable advice, she helps oth

By Bhoi Smrutirekha Dharanidhar

Smrutirekah is a finance enthusiast with a background in financial planning. Her passion for money management drives her to share practical tips and insights on this blog, empowering readers to take control of their finances. With clear, actionable advice, she helps oth

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