3B Films IPO Allotment: Steps To Check Status, GMP And Listing Date

The initial public offering (IPO) of 3B Films Ltd. closed with a strong demand on Tuesday, June 3. The BSE SME issue was subscribed 1.8 times on the third and final day of bidding.

The retail portion of 3B Films IPO was booked 2.75 times, while the Non-Institutional Investors (NIIs) category was subscribed 0.85 times.

IPO bidders are now looking forward to the finalisation of share allotment status by the company, after the end of the subscription period.

The BSE SME IPO, worth Rs 33.75 crore, comprised a fresh issue of 35.52 lakh shares, amounting to Rs 17.76 crore. The public offer also included an offer-for-sale (OFS) portion of 31.98 lakh shares, aggregating to Rs 15.99 crore. The IPO price was fixed at Rs 50 per share.  

The IPO was open for subscription from May 30 to June 3.

3B Films IPO share allotment status is expected to be finalised on Wednesday, June 4. The IPO investors will be able to check the allotment status for the IPO on the official websites of Maashitla Securities Pvt., the issue registrar, and the BSE.

• Open the IPO allotment page on the official website of the issue registrar, Maashitla Securities Private Limited, here.

• Select '3B Films Ltd.' from the drop-down menu of company IPOs. (Notably, the name of the company will only appear after the share allotment status is finalised).

• Choose any of the available options from PAN, application number or Demat account number.

• Enter details based on your selection.

• Click on the ‘Submit’ button to check details.

• Go to the BSE IPO allotment status page here.

• Select “Equity” as the issue type.

• Choose “3B FILMS LIMITED” from the dropdown menu for issue names.

• Provide your PAN or application number.

• The allotment status will be visible on the screen.

After the IPO allotment status gets finalised, 3B Films will initiate refunds on June 5. Shares will also be credited to the Demat accounts of successful bidders on the same day.

Shares of 3B Films are expected to be listed on the BSE on Friday, Jun. 6.

Use of Proceeds

The company has proposed to allocate a major portion of the net proceeds towards working capital requirements, general corporate purposes and capital expenditure. The remaining amount will be invested in fresh offer-related expenses.

The latest grey market premium (GMP) for the IPO of 3B Films stood at Rs 0, as of 10:28 a.m. on June 4, as per Investorgain. The 3b Films IPO GMP indicates a flat listing for the company’s shares at Rs 50 apiece, without any gain or loss on market debut.

Note: GMP does not represent official data and is based on speculation.

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.