The allotment of shares in the initial public offering (IPO) of Srigee DLM Ltd. is scheduled to be finalised on Thursday, May 8. The initial public offering of plastic injection molding and electronics manufacturing solutions provider Srigee DLM was subscribed close to 500 times on day three of bidding. It was subscribed 57.06 times on its second day on Tuesday, and 13.77 times on its first day on Monday.
The Srigee DLM IPO is a book-building issue worth Rs 16.98 crore. The BSE SME issue comprises fresh issuance of 17.15 lakh shares. The price band for the IPO was set between Rs 94 to Rs 99 per share. The company is involved in manufacturing and assembly services for industries such as home appliances and consumer durables
The Qualified Institutional Buyers (QIBs) booked their quota 136.52 times. The huge demand in the SME IPO was led by the Non-Institutional Investors’ (NIIs) category who subscribed 1,534.66 times, while the retail portion was booked 243.71 times.
Once the Srigee DLM IPO allotment is finalised, investors can check their status on the official websites of BSE and Bigshare Services, the registrar for the issue. Follow the step-by-step guide below to check the Srigee IPO allotment status on these websites.
How To Check Allotment Status For Srigee DLM IPO on BSE:
Visit the ‘IPO application check’ section on the BSE website: https://www.bseindia.com/investors/appli_check.aspx.
Enter Srigee DLM in ‘issue name’ and select ‘equity’ in issue type.
Enter either the application number or the PAN card details.
Hit submit to check your allotment status.
How To Check Allotment Status For Srigee DLM IPO on Bigshare Services:
Visit the IPO page on the Bigshare Services website here:
Select any server to know your IPO Allotment Status.
Select "Srigee DLM Limited" from the company drop-down list.
Select PAN number, application number/CAF no., or Beneficiary ID.
Enter your PAN number, application number, or Beneficiary ID details as per your above-selected choice.
Click on the "SUBMIT" button.
Download or print the allotment status for your records.
Srigee DLM IPO GMP Today
The latest GMP for Srigee DLM IPO was Rs 33, recorded at 11:34 a.m. on May 8, marking a premium of 33.33% over the issue price. Unlisted shares of Srigee DLM Ltd. were trading at Rs 132 apiece in the grey market.
According to InvestorGain, the GMP of Srigee DLM IPO was Rs 10.5 when the company confirmed the price band for the issue. GMP soared to Rs 25 a piece ahead of its opening day of subscription. The grey market rate continued to rise further and was Rs 30 on May 6.
Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.
Srigee DLM IPO Listing Date
Once the allotment is finalised, shares of Srigee DLM will be credited to the Demat accounts of successful bidders on May 9, and refunds for non-allottees will be done on the same day.
Shares of Srigee DLM Ltd. are scheduled to be listed on the BSE SME platform on Monday, May 12.
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.
RECOMMENDED FOR YOU

Neetu Yoshi IPO Allotment Status: How To Check Status On BSE And Skyline Financial?


How To Check Adcounty Media IPO Allotment Status On BSE And Registrar Website; Find Latest GMP Here


Kalpataru IPO Allotment Status: How To Check On NSE, BSE, And MUFG Intime India?


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