The allotment standing for Tejas Cargo India’s IPO is anticipated to be finalized on Tuesday, February 18, . The NSE SME providing was totally subscribed on the ultimate bidding day, pushed primarily by Non-Institutional Buyers (NIIs).
The logistics firm’s preliminary public providing (IPO) opened on February 14 however noticed weak investor demand throughout the first two days of subscription. Nonetheless, the SME difficulty was totally subscribed on the ultimate day. Via this IPO, the corporate plans to lift ₹105.84 crore from the first market.
The NSE SME difficulty noticed bids exceeding 5.61 lakh shares, in comparison with the 42.09 lakh shares out there, leading to an general subscription of 1.22 instances by the third day.
Non-Institutional Buyers (NIIs) totally subscribed to their allotted portion, bidding for 12.68 lakh shares in opposition to the allotted 8.88 lakh shares. In the meantime, the retail phase was subscribed 1.09 instances, with retail traders making use of for 22.68 lakh shares in opposition to the 20.72 lakh shares reserved for them.
The Certified Institutional Patrons (QIBs) subscribed to their allotted portion 1.33 instances, inserting bids for greater than 15.78 lakh shares in comparison with the 11.84 lakh shares out there. In the meantime, the Staff phase of the IPO noticed bids for 46,400 shares.
Buyers awaiting the finalization of the corporate’s IPO share allotment can examine the small print on the NSE web site. Moreover, the allotment standing will be accessed via the portal of the problem registrar, Bigshare Providers Pvt Ltd.
Tejas Cargo India IPO GMP
Tejas Cargo’s Gray Market Premium (GMP) is at present ₹0 within the unlisted market, which suggests no premium over the problem value.
‘Gray market premium’ signifies traders’ readiness to pay greater than the problem value.
Here is learn how to examine Tejas Cargo India’s IPO –
NSE
- Open the NSE allotment standing web page right here https://www.nseindia.com/make investments/check-trades-bids-verify-ipo-bids
2. Choose “Fairness and SME IPO Bid Particulars” from the out there choices.
3. Select Tejas Cargo India Restricted from the record of IPOs.
4. Enter your Utility Quantity and PAN particulars.
5. Click on “Submit” to examine the share allotment standing.
BigShare Providers
- Open the BigShare Providers IPO web site for allotment standing – https://www.bigshareonline.com/ipo_allotment.html
2. Choose any one of many three out there server hyperlinks.
3. From the drop-down menu beneath firm names, select Tejas Cargo India Restricted.
4. Decide one of many following identification choices: PAN, Utility Quantity, DP ID, or Account Quantity.
5. Enter the required particulars for verification.
6. Click on the ‘Submit’ button to proceed.
