Electronics Mart IPO: This IPO will make big money, today allotment, check like this if shares got or not! – Electronics Mart India IPO allotment today update check your status in minutes like this tutc

Allotment of shares of Electronics Mart India can be done on Wednesday i.e. today. This IPO of Rs 500 crore was opened on 4 October and there was an investment opportunity till 7 October. The issue received a great response from investors and on the last day it got 72 times subscription. The shares of the company are trading at a premium even in the gray market.

Trade at a premium of Rs 24 in the gray market
The company’s shares are trading in the gray-market on Tuesday at a premium of around Rs 24. However, some shortcomings have been seen in it. Earlier on Sunday, the premium of the company’s shares in the gray-market had reached Rs 30, while on the last trading day on Monday, the shares of Electric Mart India were trading at a premium of Rs 26. On the last day of subscribing the issue, on Friday, the shares were trading at a premium of Rs 34 in Gray Market.

Listing may happen on October 17
If we look at the basis of gray-market premium, then there is a hope of a great listing of the shares of Electronics Mart India in the stock market. Its listing in the stock market can be done on October 17. Significantly, the company’s IPO got 71.93 times subscription on the last day. Under this IPO, 6,25,00,000 shares were offered. But bids were received for 4,49,53,64,644 shares, 71.93 times more than this offer. The QIB category was subscribed the most 169.54 times.

The price band was so fixed
Established in 1980, Electronic Mart India is the fourth largest consumer durables retail company in India. It has 112 stores in 36 cities of the country. About 90 percent of the company’s revenue comes from retail chains. The price band for this Rs 500 crore issue was fixed at Rs 56-59 per share. A minimum of 254 shares could have been applied for IPO. That is, investors had to spend Rs 14,986 for one lot. Whereas, a maximum of 13 lots could be applied for under IPO.

How to Check IPO Allotment on BSE Site

  • First of all go to https://www.bseindia.com/investors/appli_check.aspx.
  • Now fill the requested information under the Status of Issue Application appearing on the homepage.
  • First click on ‘Equity’. Select Electronic Mart India issue in the dropdown menu.
  • After that enter your application number and PAN number. Now mark on I An Not A Robot in the captcha section.
  • Check the application-PAN number once again and click on the ‘Search’ option if you are satisfied.
  • On clicking, information about the number of subscribed shares and the stocks allotted to you will come in front of you.

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