Sathlokhar Synergys IPO Allotment Today: Check GMP and Status in 4 Steps
Sathlokhar Synergys has attracted significant attention with its recent initial public offering (IPO). The allotment date for the shares is today, Friday, August 2. Investors who participated in the IPO are keenly awaiting the finalization of the share allotment. The status of the allotment can be checked online on the NSE website or the website of the registrar of the issue, Purva Sharegistry India Pvt Ltd.
Check Sathlokhar Synergys IPO Allotment Status
Investors can check the Sathlokhar Synergys IPO allotment status through two main platforms: NSE and Purva Sharegistry India. The status will be updated once the share allocation is finalized.
Steps to Check IPO Allotment Status on Purva Sharegistry India Website
- Visit the Purva Sharegistry India website.
- Select the company name.
- Enter your application number or PAN number.
- Click on the search button.
Steps to Check IPO Allotment Status on NSE Website
- Visit the NSE IPO allotment page.
- Log in using your username and password.
- Select the company name from the list.
- Enter your PAN.
- Enter the IPO application number.
- Hit ‘Submit’.
Sathlokhar Synergys IPO Details
The Sathlokhar Synergys IPO was entirely a fresh issue of 66.38 lakh shares to raise ₹92.93 crore. The subscription period opened on Tuesday, July 30 and closed on Thursday, August 1. According to media reports, the IPO saw a robust subscription, with a total subscription rate of 211.13 times.
Breakdown of Subscription Rates
- Retail Investor Portion: Subscribed 160.47 times, receiving bids for 33,92,28,000 shares against 2,114,000 shares offered.
- Non-Institutional Buyers (NIBs): Subscribed 382.11 times, with 34,61,89,000 shares bid for against 906,000 shares offered.
- Qualified Institutional Buyers (QIB): Subscribed 171.55 times, receiving bids for 20,72,38,000 shares against 1,208,000 shares offered.
The overwhelming response from investors highlights the strong market confidence in Sathlokhar Synergys.
IPO Allotment and Refund Process
Following the share allocation, the company will initiate the refund process for those investors who did not receive any shares. The allotted shares will be credited to the investors’ demat accounts.
Expected Listing Date
The shares of Sathlokhar Synergys are expected to be listed on the NSE SME platform on Tuesday, August 6, 2024.
Grey Market Premium (GMP)
As of today, the Sathlokhar Synergys IPO GMP stands at ₹170 per share. This indicates that the shares are trading at ₹310 apiece in the grey market, representing a premium of 121.43% over the IPO price of ₹140 per share. The grey market premium is a significant indicator of the market’s expectation of the stock’s performance upon listing.
About Sathlokhar Synergys
Sathlokhar Synergys is a company involved in the production and sale of advanced synergy systems, catering to various industrial needs. The strong subscription rates for its IPO reflect the company’s growth potential and market reputation.
Conclusion
The Sathlokhar Synergys IPO has garnered an impressive response from investors, with substantial oversubscription across all investor categories. The allotment of shares is eagerly awaited, and the process to check the allotment status is straightforward. With a strong grey market premium, the company’s shares are expected to perform well upon listing.
Disclaimer: The recommendations, suggestions, views, and opinions expressed by the experts are their own and do not reflect the views of OSTP Media.
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