The allotment of Malpani Pipes And Fittings IPO has been finalized today, Monday, February 3. Investors who have applied for the IPO can now verify their allotment status online. The Malpani Pipes IPO received a strong response, with a total subscription of 146.93 times by the end of the bidding period, according to Chittorgarh.com.
How to Check Malpani Pipes IPO Allotment Status?
Investors can check their allotment status on the registrar’s website or the BSE website.
Steps to Check on Bigshare Services (Registrar’s Website):
- Visit Bigshare Services Pvt Ltd at https://ipo.bigshareonline.com/.
- Select “Malpani Pipes IPO” from the list.
- Enter your PAN Number, Beneficiary ID, or Application Number.
- Click “Search” to view your IPO allotment status.
Steps to Check on BSE Website:
- Visit the BSE IPO Allotment Page at https://www.bseindia.com/.
- Select “Equity” under “Issue Type”.
- Choose “Malpani Pipes IPO” from the options.
- Enter your PAN or Application Number.
- Click “Submit” to check your status.
IPO Subscription and Refund Process
The IPO bidding opened on Wednesday, January 29, and closed on Friday, January 31. The demand for Malpani Pipes IPO was very high, leading to a strong oversubscription.
- Investors who received shares will get them credited to their demat accounts today, February 3.
- Investors who did not get any allotment will start receiving refunds from today.
The Grey Market Premium (GMP) for Malpani Pipes IPO is currently ₹2, according to Investorgain.com. This means shares are trading at ₹2 above the issue price in the grey market.
- IPO Price: ₹90 per share
- Estimated Listing Price: ₹92 per share (based on GMP)
- GMP Range in the Last 12 Sessions: ₹2 to ₹28
GMP shows how much investors are willing to pay above the IPO price before the shares are officially listed. However, today’s lower GMP suggests a weaker demand in the grey market.
The Malpani Pipes IPO is set to be listed on the BSE SME platform on Tuesday, February 4, 2025. Investors who got shares can start trading from that day.
Stay updated with the latest IPO news, GMP trends, and market movements to make informed investment decisions.