The much-anticipated Initial Public Offering (IPO) of Sodhani Academy of Fintech Enablers has concluded, and investors are now waiting for the allotment of shares. The IPO subscription period ended on September 17, 2024, and the final allotment will be announced soon. The shares of Sodhani Academy of Fintech Enablers are expected to be listed on the BSE SME platform on Friday, September 20, 2024.
Steps to Check Allotment Status on Registrar’s Website
- Visit the Registrar’s Website
You can check the allotment status on the Cameo Corporate Services Limited website by visiting Cameo’s IPO page. - Select the Company
Once on the page, you will need to select the company name, Sodhani Academy of Fintech Enablers, from the drop-down menu. Remember, the company’s name will only appear after the allotment is officially released. - Provide Details
You will then be required to enter your application number, Demat account details, or PAN number in the appropriate section. These details help identify your application in the system. - Enter the Captcha Code
After entering your details, complete the Captcha code to verify you are a human user. - Submit and Check
After ensuring all the information is accurate, press the “Submit” button to proceed. The screen will then show you whether or not your shares have been allotted.
Steps to Check Allotment Status on BSE Website
- Visit the BSE Website
Investors can also check the allotment status on the BSE website by going to BSE Allotment Status Page. - Select the Issue Type
Choose Equity as the issue type on the allotment page. - Select the Company
From the dropdown list, choose the issuer’s name, Sodhani Academy of Fintech Enablers. Similar to the registrar’s site, the company name will only appear after the allotment is finalized. - Enter Application Details
Enter your application number or PAN number to search for your allotment. - Search
After entering the necessary details, click the “Search” button to view your allotment status.
The Grey Market Premium (GMP) for the Sodhani Academy of Fintech Enablers IPO was recorded at ₹15 as of the most recent update from Investorgain.com. This means that shares are being traded at ₹15 higher than the IPO issue price in the grey market. Investors are speculating a positive listing for Sodhani Academy’s shares based on this premium.
Taking into account the grey market premium and the issue price, the expected listing price for Sodhani Academy of Fintech Enablers shares is ₹55 per share. Since the IPO issue price was ₹40, the expected listing price represents a 37.50% gain over the IPO price, showing strong demand and positive investor sentiment.
As the allotment process moves forward and the listing date approaches, investors are keenly watching both the allotment results and the GMP trend. Checking the allotment status is simple and can be done through either the registrar’s website or the BSE’s website. With the expected listing price showing a healthy premium, investors are optimistic about the potential gains from their investments in Sodhani Academy of Fintech Enablers.
