Good news for those who applied for the Emcure Pharma IPO! The share allotment is likely finalized today, Monday, July 8th, 2024. This means you can finally find out if you’ve been allotted any shares in the company’s initial public offering.
How to check your Emcure Pharma IPO allotment status:
There are two main ways to find out if you’ve been allotted any shares:
- Using the Bombay Stock Exchange (BSE) website:
- Visit the BSE website.
- Look for the “Investors” section and then “Status of Issue Application”.
- Choose “Equity” under issue type.
- Select “Emcure Pharmaceuticals Limited” from the list of companies.
- Enter your application number and PAN card details.
- Select “I’m not a Robot” and then click submit.
- Through the registrar, Link Intime India Private Limited:
- Link Intime will be sending emails or SMS alerts to those whose applications are allotted or rejected.
- You can also check their website for the status, but details haven’t been confirmed yet. Keep an eye out for updates.
GMP stands for Grey Market Premium. It’s an unofficial estimate of how much a share might trade for in the stock market after it gets listed. It’s important to note that GMP is not a confirmed price, just an educated guess.
As of today, July 8th, the GMP for Emcure Pharma is around Rs 390. This means the share price could potentially be Rs 390 higher than the IPO price of Rs 1008. But remember, this is not guaranteed!
Emcure Pharma IPO listing date:
The company’s shares are expected to be listed on the stock exchanges, BSE and NSE, on Wednesday, July 10th, 2024. This is tentative, so keep an eye out for any official announcements.
The Emcure Pharma IPO received a very good response from investors, with bids exceeding the offered shares by over 67 times! This means it’s likely that not everyone who applied will be allotted shares.
If your application isn’t allotted any shares, the money you blocked for the IPO will be refunded back to your bank account within a few days. You’ll typically receive a notification about this.
Important things to remember:
- Allotment finalization is today, July 8th, but check for updates as the process might take some time.
- There are two ways to check your allotment status: through the BSE website or Link Intime (details to be confirmed).
- GMP is an estimate, not a confirmed price.
- Listing is expected on July 10th, but this is tentative.
- Not everyone who applied will get shares.
- If you don’t get shares, your money will be refunded.