Three M Paper IPO Allotment Date Today: How to Check Your Allotment Status
The Three M Paper Boards IPO allotment date has finally arrived! Investors who applied for shares in this promising company can now see if they have been allocated shares. The allotment process will be completed today, Thursday, July 18. In this article, we will walk you through the process of monitoring your IPO allotment status and providing all relevant information concerning the Three M Paper IPO.
Three M Paper Boards Ltd is a major participant in the paper business, recognized for its innovative products and environmentally friendly operations. Investors have paid close attention to the company’s initial public offering due to its strong market position and potential for future expansion.
IPO Details
The IPO began on Friday, July 12 and ended on Tuesday, July 16. The IPO price ranged from ₹67 to ₹69 per share, aiming to raise significant funds for business expansion and other purposes.
Subscription Status: Third Day Overview
According to chittorgarh.com, the Three M Paper IPO received a staggering 171.33 subscriptions on the third day of bidding. This demonstrates a significant demand from investors in a variety of industries.
Investor’s Response
The enormous response from investors demonstrates their faith in Three M Paper Boards Ltd. Both institutional and individual investors expressed strong interest, which contributed to the high subscription rate.
Allotment Process
Key Dates
- IPO Allotment Finalization date: Thursday, July 18.
- Shares credited to demat accounts on Friday, July 19.
- Refund Initiation: Friday, July 19.
- IPO Listing Date: Monday, July 22.
How Allotment Works
Shares are allotted in a transparent procedure to ensure fair distribution among investors. Bigshare Services Pvt Ltd, the IPO’s registrar, manages allotment and related operations.
How to Check IPO Allotment Status
Step-by-Step Guide for Bigshare Services Portal
- Visit Bigshare Services’ IPO Allotment Page: Bigshare Services’ IPO Status
- Select the company: Select “Three M Paper Boards IPO” from the dropdown menu.
- Enter details: Choice: “PAN Number, Beneficiary ID, or Application No./CAF No.”
- Clicking “Search” will display your allotment status on the screen.
To check your IPO allotment status on the BSE website, follow these steps:
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- Go to the BSE Allotment Page: Access the BSE IPO Allotment Status page.
- Choose Issue Type: Select ‘Equity’ from the ‘Issue Type’ options.
- Pick the IPO: Choose ‘Three M Paper Boards IPO’ from the available dropdown list.
- Enter Required Details: Input your application number or PAN.
- Click “Search”: View your allotment status.
Understanding IPO Allotment Status
What Each Status Means
- Allotted: You have been awarded shares.
- Not Allotted: No shares have been awarded to you.
- Partial Allotment: You have received fewer shares than you applied for.
Next Steps After Allotment
- Allotted Shares: Check your demat account on July 19 for credited shares.
- Not Allotted: Refund process will begin on July 19.
Refund Process Timeline
Refunds will be issued on Friday, July 19, to individuals who did not receive any shares.
How Refunds are processed
Refunds are normally processed using the same payment method as the IPO application. It may take several days for the refund to appear in your account.
Crediting Shares to Demat Accounts: Timeline
Shares will be credited to the winning applicants’ demat accounts by Friday, July 19.
How to Check your Demat Account
Log in to your demat account using your broker’s site to confirm the credited shares.
Key dates for listing and trading.
The Three M Paper Initial Public Offering will be listed on the BSE SME platform on Monday, July 22.
What to Expect on Listing Day?
Investors can begin trading the authorized shares on the listing date. Determine your trading strategy by regularly monitoring the market.
Three M Paper IPO GMP Today
What is GMP?
GMP, or Grey Market Premium, refers to the price at which IPO shares are exchanged in the grey market before being listed on stock exchanges.
Current GMP Status:
As of today, the Three M Paper IPO GMP is +40. The shares are currently trading at a premium of ₹40 in the gray market.
Estimated listing price calculation.
Based on the higher end of the IPO price band (₹69) and the current GMP (+40), the expected listing price is ₹109 per share.
Market Expectations:
This predicted listing price is a 57.97% increase over the IPO price, demonstrating strong investor sentiment and demand.
Conclusion
The Three M Paper IPO has sparked widespread interest and promises to be a valuable addition to investors’ portfolios. With the allotment date approaching, investors are eager to observe the results and determine their future steps. Keep an eye on the important dates and follow the instructions to determine your allotment status and comprehend the procedure.
Disclaimer: The opinions and recommendations here are those of individual analysts and brokers, not OSTP Media. Please consult certified experts before making any investment decisions.