The much-awaited allotment for the Subam Papers Initial Public Offering (IPO) is set to be finalized today, October 4. Investors who applied for this BSE SME IPO are eager to know if they have received shares and what the grey market is indicating about the stock’s performance. Here’s a complete guide to the allotment process, grey market premium (GMP), and what to do if you have not been allotted shares.
Subam Papers IPO was open for subscription from September 30 to October 3, 2024. The company offered a total of 61.65 lakh equity shares, raising ₹93.70 crore. The price band for the IPO was set between ₹144 and ₹152 per share.
This IPO gained a lot of interest from investors and was subscribed a total of 92.93 times. The distribution of subscriptions among different types of investors is as follows:
- Retail category: 48.97 times
- Qualified Institutional Bidders (QIB): 57.18 times
- Non-Institutional Investors (NII): 243.16 times
The equity shares are expected to be credited to eligible investors’ demat accounts on October 7, and refunds to those who were not allotted shares will also be processed on the same day. The company has announced that the shares of Subam Papers will be listed on the BSE SME platform on October 8.
Here are the steps to check the Subam Papers IPO allotment status:
Once the allotment is finalized, investors can easily check their allotment status online. Here are the steps to follow:
- Visit the Registrar’s Website: Subam Papers has appointed Bigshare Services Pvt Ltd as the registrar for its IPO. To check the allotment, visit Bigshare’s IPO Status Page.
- Select Subam Papers IPO: On the page, select “Subam Papers Limited” from the company dropdown menu.
- Enter Your Details: You can check your allotment using one of three options: Application Number, Beneficiary ID (DPID/Client ID), or PAN number. Select your preferred option and enter the required details.
- Submit and View Status: Enter the captcha code and click “Search.” Your allotment status will be displayed on the screen, showing whether you have received shares or not.
In addition to the registrar’s website, you can also check your allotment status on the BSE website or the company’s official website.
The grey market premium (GMP) for Subam Papers IPO has been fluctuating, but as of today, the shares are commanding a premium of ₹24 per share. This means the expected listing price could be around ₹176 per share, which is a 15.79% increase from the issue price of ₹152.
The grey market gives an early indication of the demand for the shares ahead of the official listing. However, it’s important to note that the grey market is unofficial and may not always reflect the exact listing price.
If you do not receive shares in the Subam Papers IPO, don’t worry. The refund process will begin automatically, and you should see the amount credited to your bank account linked to your IPO application on October 7. Make sure to check your bank account for the refund, and contact your broker or bank if you experience any delays.
Key Points to Remember
- Allotment Finalization: October 4, 2024
- Shares Credited to Demat Accounts: October 7, 2024
- Refunds Processed: October 7, 2024
- Listing Date: October 8, 2024
- Subam Papers IPO GMP: ₹24 per share
The Subam Papers IPO has generated significant interest, and today marks the allotment date. Investors can check their allotment status through the registrar’s website or the BSE portal. Those who do not receive shares will get their refunds by October 7. With a healthy GMP, the listing price for Subam Papers shares is expected to be higher than the issue price, which is promising for investors.
Make sure to follow official channels for updates and consult your financial advisor if you have any questions about the IPO process or your investment decisions.
