The initial public offering (IPO) of Mach Conferences and Events has wrapped up with a lot of interest from investors. If you applied for the IPO, you can now check if you got shares. how to find out your allotment status and other key details.
How to Check Your IPO Allotment Status
- Visit the Registrar’s Website: Go to the official website of Skyline Financial Services Private Ltd., the registrar handling this IPO.
- Select the IPO: Look for the section related to the Mach Conferences and Events IPO on the website.
- Choose Your Checking Method: You can check your status by entering your PAN number, Demat Account number, or application number.
- Select Application Type: Pick either “ASBA” (Application Supported by Blocked Amount) or “non-ASBA” based on how you applied.
- Enter Required Information: Fill in your application number, PAN, or Demat Account number as needed.
- Complete Verification: Enter the CAPTCHA code to prove you’re not a robot.
- Submit and View Status: Click on “Submit” to see whether you have been allotted shares.
Important Dates and Details
- Allotment Date: Shares will be credited to the Demat accounts of those who got them on September 10. Refunds for unsuccessful applications will also be processed on the same day.
- Listing Date: The shares are expected to start trading on the BSE SME (Small and Medium Enterprises) platform on September 11, 2024.
About the IPO
Mach Conferences and Events’ IPO was a significant event, with a total value of ₹125.28 crore. It was open for bidding from September 4 to September 6, with shares priced between ₹214 and ₹225 each.
- Size and Structure: The IPO included a fresh issue of 22.29 lakh shares worth ₹50.15 crore and an offer for sale of 33.39 lakh shares worth ₹75.13 crore. The minimum lot size for applying was 600 shares, and the minimum investment required was ₹1.35 lakh.
- Subscription Details: The IPO was hugely popular, with total subscriptions reaching 196.70 times the shares on offer. Retail investors’ portion was subscribed 136.49 times, Non-Institutional Investors’ portion 403.69 times, and Qualified Institutional Buyers’ portion 146.66 times.
Established in 2004, Mach Conferences and Events is a major player in the event management industry. The company organizes conferences, exhibitions, and other events. It takes care of every detail, including venue selection, accommodation, transportation, and on-site coordination. Its clients come from various sectors like banking, finance, insurance, hospitality, infrastructure, and FMCG.
The IPO’s grey market premium (GMP) is currently ₹210 per share. This suggests that the expected listing price of the shares could be around ₹435, which is 93.33% higher than the issue price of ₹225. The GMP has remained stable at ₹210 for the last 63 sessions but increased from ₹200 on September 5.
In summary, the IPO of Mach Conferences and Events has been a success with high interest from investors. Checking your allotment status is easy and can be done online through the registrar’s website. Keep an eye on the upcoming dates for share crediting and listing to stay updated on your investment.
