Investors in the recently concluded Sati Poly Plast IPO are eagerly waiting for news today, July 18th, 2024. The company, a manufacturer of flexible packaging materials, is expected to finalize the allotment of shares. This means investors will find out if their application for shares was successful.
The Sati Poly Plast IPO, which took place between July 12th and 16th, saw a significant response from the public. The IPO, which was for a total of ₹17.36 crore, was reportedly subscribed nearly 499 times. The robust subscription levels signal significant investor enthusiasm for the company.
With the allotment process expected to be finalized today, investors are curious to know if they’ve been allotted any shares. The company is likely to announce the “basis of allotment,” which determines how shares are distributed among applicants.
Checking Allotment Status
There are two ways for investors to check their allotment status:
- Link Intime Website: Link Intime India Private Ltd. is the registrar for the Sati Poly Plast IPO. Investors can visit the Link Intime website and enter their application details to check their allotment status.
- NSE Website: The company’s shares will be listed on the NSE Emerge platform, dedicated to SME listings. Investors can also check their allotment status on the NSE website using their application details.
If you are allotted shares, the shares will be credited to your Demat account by July 19th, 2024. Refunds for unsuccessful applications will also be initiated on the same day. The big day for trading arrives soon after, with the listing of Sati Poly Plast shares on the NSE Emerge platform scheduled for July 22nd, 2024.
The unlisted market is abuzz with speculation about the Sati Poly Plast IPO listing price. The Grey Market Premium (GMP) for the shares is currently around ₹130 per share. This suggests that the listing price could be around ₹260 per share, which is a significant premium over the issue price of ₹130 per share. However, it’s important to remember that the NSE has a price control mechanism for SME IPO listings, capping the pre-opening price at 90% of the issue price. This means the actual listing price may be closer to ₹117 per share.
Important Note
The GMP is an unofficial indicator and should not be taken as a guaranteed prediction of the listing price. The actual listing price can be higher or lower than the GMP.
Final Thoughts
Today’s allotment finalization is a crucial step for Sati Poly Plast IPO investors. By following the steps mentioned above, you can easily check your allotment status and see if you’ve been lucky enough to receive shares. Remember, the listing on July 22nd will mark the official trading debut of the company, and investors will be able to buy and sell shares on the NSE Emerge platform.
