The allotment for the Beacon Trusteeship IPO is happening today, May 31st, 2024. Investors who applied for the IPO can now check their allotment status to see if they have received any shares.
Here’s a quick overview of the Beacon Trusteeship IPO:
- IPO Size: The IPO aimed to raise ₹32.52 crore through a fresh issue of shares and an offer for sale by existing shareholders.
- Subscription: The IPO received overwhelming interest and was oversubscribed by 465.20 times. This means there were many more applications than the available shares.
- Allotment: Due to the high subscription, the allotment is expected to be done on a proportionate basis. This means that investors might receive a smaller number of shares than they applied for.
- Listing: The shares of Beacon Trusteeship are expected to list on the NSE SME platform on June 4th, 2024.
How to Check Beacon Trusteeship IPO Allotment Status:
- Visit the Kfin Technologies website: Kfin Technologies is the registrar for the Beacon Trusteeship IPO. You can access their website at https://www.kfintech.com/.
- Click on the “Status of Allotment” section: This section will be prominently displayed on the homepage.
- Please choose “Beacon Trusteeship IPO” from the dropdown menu.
- Enter your PAN number and application number.
- Click on “Submit”.
The website will then display your allotment status.
GMP stands for Grey Market Premium. It’s an unofficial indicator of the expected price of a stock before it lists on the exchange. In the case of Beacon Trusteeship, the latest GMP is around ₹15-20 per share.
Additional Information:
- If you haven’t received any shares in the allotment, you will receive a refund for the application amount.
- The refunds will be initiated on June 3rd, 2024.
- The shares will be credited to your Demat account on June 3rd, 2024.
Remember:
- Check your allotment status using the official Kfin Technologies website.
- Don’t rely solely on GMP for investment decisions.
- The listing price of the stock may be different from the GMP.