Hamps Bio IPO GMP Soars Ahead Of Allotment: Here's How You Can Check Status
The grey market premium (GMP) of Hamps Bio IPO soared ahead of its listing on Friday. GMP stood at Rs 55 on December 18.
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Hamps Bio IPO allotment is set to be finalised on Wednesday, December 18, following a successful conclusion of the bidding for the shares. The initial share sale of Hamps Bio Ltd. saw a massive demand from investors during the three-day subscription period.
The BSE SME issue was subscribed 1,057 times on the last day of bidding as investors across categories applied for 1,22,40,12,000 shares against the 11,58,001 shares on offer, as per data from Chittorgarh. The NII quota was subscribed 758.23 times over the three days. Meanwhile, retail investors booked their allocation by 1,342.04 times.
The grey market premium (GMP) of Hamps Bio IPO soared ahead of its listing on Friday. Hamps Bio IPO GMP stood at Rs 55 as of 10:25 am on December 18, climbing from Rs 21 when the issue opened for subscription on Friday. The GMP trends have shown an upward trend since the announcement of the IPO price band.
Hamps Bio shares will debut on BSE SME on Friday, December 20.
Investors who bid in Hamps Bio IPO can check the share allotment status online via the official websites of the BSE and the issue’s registrar (Bigshare Services).
How to check Hamps Bio IPO share allotment status on BSE
Open the IPO Application Status page of BSE here.
From the dropdown menu, select Equity.
Choose 'Hamps Bio Ltd.' from the list of companies.
Enter your IPO application number or details of PAN.
Verify the captcha by clicking on the ‘I am not a Robot’ box.
Click the Submit button to check the details of the allotment status.
How to check Hamps Bio IPO share allotment status on Bigshare Services
Visit the IPO allotment page on the BigShare Services website here.
Choose one server among the three.
Select 'Hamps Bio Ltd.' from the dropdown menu of Company Name.
Enter the details (Application No., Beneficiary ID, or PAN).
Clear Captcha.
Click Search to get details of your allotment status.
Use of Proceeds
Hamps Bio will use the proceeds from the IPO to purchase a plant and machinery for its FMCG division and to increase its brand’s visibility. A part of the money raised in the IPO will also be used for general corporate purposes.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read red herring prospectus thoroughly before placing bids.
