IPO Allotment Status

How to Check GSM Foils IPO Allotment Status: A Step-by-Step Guide

Discover how to track your GSM Foils IPO share allotment online and when to expect the shares in your demat account. Exciting news ahead!

The GSM Foils IPO allotment process is in full swing, with the finalization scheduled for today. Investors eagerly awaiting their share allocations can expect to see the shares credited to their demat accounts by May 30, 2024. To check the status of their allotment, investors can follow a step-by-step guide available on Bigshare. The IPO, which opened for subscription on May 24 and closed on May 28, is anticipated to be listed on the NSE SME on May.

With a subscription period for the SME IPO ending on May 28, the GSM Foils IPO garnered significant interest, with a fixed price issue of Rs 11.01 crore. The company issued 34.4 lakh shares at Rs 32, attracting a whopping 257 times subscription rate. As the allotment status is set to be finalized on May 29, investors can look forward to refunds initiating on May 30, followed by the shares being credited to their Demat accounts.

In the grey market, unlisted GSM Foils Limited shares are trading Rs 10 higher, indicating a predicted 31.25% listing gain from the public issue. This promising development hints at a positive reception for the company's IPO. Stay tuned for more updates on the exciting journey of GSM Foils in the financial market.