The much-anticipated allotment date for the Osel Devices Initial Public Offering (IPO) is set for today, September 20. Investors who applied for this IPO can now look forward to finding out whether they have received shares.
Osel Devices recently completed its IPO, which raised ₹70.66 crore. The IPO opened for subscription on September 16 and closed on September 19. During this period, it attracted significant interest, with a total subscription of 194.24 times. This means that many more people wanted shares than were available. Notably, the retail portion saw a subscription rate of 206.07 times, while non-institutional buyers subscribed 321.40 times.
How to Check Your Allotment Status
Investors can check their allotment status online using the registrar’s website, Mas Services Limited. Here’s how you can do it:
- Visit the Registrar’s Website: Go to Mas Services Limited.
- Find IPO Allotment Status: Click on the “IPO Allotment Status” link located at the bottom left of the website.
- Check Your Status: You will be able to see whether you received shares. Keep in mind that this information will only be available once the allotment process is finalized.
Additionally, you can check your allotment status through the National Stock Exchange (NSE) by following these steps:
- Visit the NSE Website: Go to NSE IPO Login.
- Register: Click on “Click here to sign up” and enter your PAN.
- Login: After registration, enter your username, password, and captcha code.
- Verify Your Allocation: Once logged in, you can check your IPO allocation status.
If you receive shares, they will be added to your demat account. This process is expected to take place on September 23, which is a Monday. Those who applied for shares but did not receive any will get a refund on the same day.
After the shares are credited, Osel Devices is expected to list on the NSE SME (Small and Medium Enterprises) on September 24. This is an exciting time for investors, as they will have the opportunity to buy or sell shares in the stock market.
One key factor that investors often look at is the Grey Market Premium (GMP). The GMP reflects the price at which shares are trading in the grey market compared to the issue price. As of today, Osel Devices shares are available at a premium of ₹110 in the grey market. Considering the issue price of ₹160, the expected listing price could be around ₹270. This would mean a potential gain of about 68.75% for investors.
The allotment date for the Osel Devices IPO is finally here, and investors are eager to see if they have received shares. With a high subscription rate and a promising GMP, this IPO has generated significant interest. Remember to check your allotment status using the methods mentioned above, and be prepared for the listing on September 24. As always, make sure to do your research and invest wisely.