The Travels & Rentals Initial Public Offering (IPO) has generated significant interest among investors, with a subscription amounting to ₹12.24 crore. Now, attention shifts to the IPO allotment status, which is expected to be finalized today, September 3, 2024.
IPO Details
The Travels & Rentals IPO is a fresh issue of 30.6 lakh shares, priced at ₹40 each. The IPO opened for subscription on Thursday, August 29, and closed on Monday, September 2. Investors who participated in the IPO are now awaiting news on whether they will receive shares and, if so, how many.
How to Check Your Allotment Status
To check your allotment status, you can visit either the registrar’s website or the BSE website. Here’s a detailed guide for each method:
1. Checking Allotment Status on the Registrar’s Website
The registrar for the Travels & Rentals IPO is Cameo Corporate Services Limited. Follow these steps to check your status:
- Visit the Registrar’s Website: Open the following link: Cameo Corporate Services IPO Status.
- Select the IPO: On the homepage, find the section for IPO status and select “Travels & Rentals IPO” from the dropdown menu.
- Choose Your Identification Option: You can select between Client-ID, Application Number, or PAN Number.
- Enter Your Details: Fill in the selected identification details accurately.
- Submit and Check Status: Enter the Captcha code and click ‘Submit.’ Your allotment status will be displayed on the screen.
2. Checking Allotment Status on the BSE Website
You can also check your status on the BSE website:
- Visit the BSE Allotment Page: Go to BSE IPO Allotment Status.
- Select Issue Type: Choose ‘Equity’ from the drop-down menu.
- Pick the IPO: From the ‘Issue Name’ dropdown, select “Travels & Rentals IPO.”
- Enter Your Details: Input your application number or PAN.
- Submit: Click ‘Submit’ to view your allotment status.
What Happens After Allotment
- Shares Credited to Demat Accounts: If you are allotted shares, they will be credited to your demat account by Wednesday, September 4, 2024.
- Refunds: If you are not allotted any shares, your application amount will be refunded to your bank account on the same day.
- Listing Date: The shares are expected to be listed on the BSE SME on Thursday, September 5, 2024, and will start trading on that date.
The Grey Market Premium (GMP) for the Travels & Rentals IPO was last reported at ₹22. This means that the expected listing price of the shares is estimated to be around ₹62, which is a 55% premium over the IPO issue price of ₹40. GMP provides an indication of the market’s sentiment towards the IPO and can help investors gauge potential listing gains.
The Travels & Rentals IPO is now moving towards its allotment phase, and investors are keenly awaiting their allotment status. By following the steps outlined above, you can easily check your status and be prepared for the next steps. Keep an eye on official updates for any changes or additional information.