The Jeyyam Global Foods Initial Public Offering (IPO) recently concluded its subscription period, which started on Monday, September 2, and ended on Wednesday, September 4. Investors who participated in the IPO are now eagerly awaiting the allotment of shares. This IPO aims to raise ₹81.94 crore to fund corporate needs, capital expenses, and working capital. how to check the allotment status, and what to expect next.
The IPO consists of a mix of new shares and shares for sale. In total, there are 12,088,800 new shares being issued and 1,343,200 shares available for sale. The allotment status will determine which investors receive shares at the IPO issue price.
The shares of Jeyyam Global Foods are currently seeing a high demand in the gray market. The gray market premium (GMP) is currently at ₹23 per share, according to investorgains.com. This means that the shares are being traded at ₹23 higher than the issue price of ₹61, showing positive market sentiment and expectations for a good listing.
How to Check Jeyyam Global Foods IPO Allotment Status Online
Investors can check the allotment status of the Jeyyam Global Foods IPO by following these simple steps:
- Visit the Registrar’s Website: The registrar for the Jeyyam Global Foods IPO is KFin Technologies Limited. You can check the allotment status on their website by visiting this link.
- Select the IPO Name: On the website, choose ‘Jeyyam Global Foods Limited’ from the dropdown menu under the ‘Select IPO’ option.
- Enter Your Details: You can choose to check your allotment status using your application number, Demat account number, or PAN number. Enter the selected details in the required fields.
- Complete Security Verification: Enter the Captcha code as shown on the website and click on the ‘Submit’ button.
- View Allotment Status: After submitting the required details, the allotment status will be displayed on the screen. If shares have been allotted to you, the number of shares will be shown.
Alternative Way to Check Allotment Status
Investors can also check the allotment status on the National Stock Exchange (NSE) website. To do this:
- Go to the NSE website.
- Look for the ‘Equity’ section under ‘Market Data.’
- Enter your details as required to check the status.
Once the shares are allotted, the investors will receive a confirmation email or SMS from the registrar. The allotted shares will be credited to the investor’s Demat account within a few days. After the shares are credited, investors will be able to trade them on the stock exchange.
The tentative listing date for the Jeyyam Global Foods IPO is set for Monday, September 9, 2024, on the NSE SME platform. This date may change, and investors should keep an eye on updates from the company.
Important Points for Investors to Remember
- Refunds: If you are not allotted any shares, the amount you paid will be refunded to your bank account. This process usually happens within a few days after the allotment is finalized.
- Market Volatility: Investing in IPOs comes with risks. The price of the shares on the listing day can fluctuate, and there is no guarantee of returns. It is important to monitor market conditions and consult a financial advisor if needed.
- Trading Begins on Listing Day: If you receive shares, you can start trading them once the stock is listed on the exchange. Keep in mind that the initial days of trading can be volatile.
The Jeyyam Global Foods IPO has attracted significant interest, and the current gray market premium suggests that investors are optimistic about its future. However, it is essential for investors to check their allotment status and be aware of the risks involved in stock market investments. Make sure to consult with a financial advisor and stay informed about the latest updates regarding the IPO listing date.
