How To Check LK Mehta Polymers IPO Allotment Status — Check Latest GMP
The latest grey market premium of LK Mehta Polymers IPO was Rs 10 on February 18, marking a premium of over 14.08% over the issue price.
The initial public offering of L.K. Mehta Polymers Ltd. received a fantastic response from the investors as the IPO was subscribed 44.57 times on its third and last day of bidding on Monday. According to Chittorgarh, the Rs 7.38-crore IPO received bids for 4,39,26,400 shares against 9,85,601 on offer.
Non-institutional investors subscribed 42.88 times the offer, while the Retail Individual Investors (RIIs) portion was subscribed 46.25 times.
The SME IPO of L.K. Mehta Polymers was fully subscribed on Day 1 and was booked over 8 times on Day 2.
The allotment for the LK Mehta Polymers IPO will be finalised on Tuesday, February 18 and the company will list on Friday, February 21.
Swastika Investmart Ltd is the book-running lead manager of the issue. Bigshare Services is the registrar to the offer.
Investors can check the L.K. Mehta Polymers IPO allotment status on Bigshare Services and the BSE website by following the step-by-step guide provided below.
How To Check LK Mehta Polymers IPO Allotment Status On Bigshare Services
Visit the IPO allotment page on the Bigshare Services website here: https://www.bigshareonline.com/ipo_allotment.html
Select any one server to check your IPO Allotment Status.
Select the company name 'L.K. Mehta Polymers Limited' from the dropdown list on the IPO allotment status page.
Enter the investor PAN Number or Application/CAF Number or DP/Client ID.
Fill in the captcha details.
Click on the Search button to verify your share allotment status.
How To Check LK Mehta Polymers IPO Allotment Status On BSE Website
Go to the official BSE website at https://www.bseindia.com/investors/appli_check.aspx
Select the issue type as 'Equity.'
Choose 'L.K. Mehta Polymers Limited' from the dropdown menu.
Enter your application number or PAN (Permanent Account Number).
Complete the 'Captcha' for verification.
Click on the 'Search' button to view your allotment status.
LK Mehta Polymers IPO GMP Today
The latest GMP of L.K. Mehta Polymers IPO was Rs 10 recorded at 7:58 a.m. on February 18, marking a premium of over 14.08% over the issue price. Unlisted shares of manufacturer and trader of plastic products company, LK Mehta Polymers Ltd. were trading at Rs 81 apiece in the grey market.
According to InvestorGain, the GMP of L.K. Mehta Polymers IPO was as high as Rs 86, a day before the IPO opened for bidding. The GMP declined to Rs 10 on Day 1 and has remained constant so far.
Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.
Use of IPO Proceeds
The company has proposed to use the net proceeds to meet its incremental working capital requirements. A portion of the funds 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.
