Moving Media Entertainment IPO Allotment Status: How To Check On NSE And Registrar Website

The initial public offering of Moving Media Entertainment Ltd. closed with a robust subscription on the last day of bidding on Monday.

The NSE SME issue, which opened on June 26, was overall subscribed 73.4 times on the last day. The IPO received bids for more than 24.3 crore shares against 32.92 lakh shares on offer, as per the NSE data.

Qualified Institutional Buyers subscribed the issue 55.23 times, while Non-Institutional Investors booked their quota 128 times. The retail portion of the IPO was booked 61.18 times.

The price band for the IPO was fixed between Rs 66 and Rs 70 per share. It was a book-building issue worth Rs 43.4 crore. The IPO comprised entirely a fresh issue of 62 lakh shares.

The IPO share allotment status is expected to be finalised on July 1. The company will initiate refunds and transfer of shares to the Demat accounts on July 2.

Shares of Moving Media Entertainment Ltd. are tentatively scheduled to be listed on the NSE SME platform on July 3. 

The company is in the business of renting camera and lens equipment to media and entertainment companies. It will use proceeds from the IPO to invest in camera solutions, clear debt, and for general corporate purposes. 

Investors who participated in the IPO can check the allotment status on the websites of NSE and Maashitla Securities.

• Visit the IPO allotment page on the NSE website here. 

• Select 'Equity & SME IPO bid details'. 

• Select the company symbol “MMEL” from the dropdown list for issue symbols. 

• Enter PAN details and Application Number. 

• Click on the “Submit” button to check allotment details.

• Go to the IPO allotment page on the official website of Maashitla Securities Pvt. here.

• Choose “Moving Media Entertainment Ltd.” from the list of companies. 

• Enter your Application Number, Demat account number, or PAN. 

• Enter details as per your selection. 

• Click on “Submit” to view the allotment status.

According to InvestorGain, the grey market premium for the Moving Media Entertainment IPO stood at Rs 25 on July 1. The GMP indicates a listing price of Rs 95 apiece, a premium of 35.71% per share on the upper limit of the price band. 

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.