Monolithisch India IPO Allotment Today: Check Status, Latest GMP, Listing Date And More
Investors who bid for shares in the Monolithisch India IPO can check the allotment status on the websites of the NSE and the issue registrar, Kfin Technologies.
Monolithisch India IPO share allotment status is scheduled to be finalised on Wednesday, June 16.
The initial public offering (IPO) of the heat insulation refractory solutions provider received a tremendous response from investors as the SME issue was booked 183 times on the third and final day of bidding on June 16.
The NSE SME issue opened for subscription on June 12, to raise Rs 82.02 crore from the primary market. The NSE SME issue comprised entirely a fresh issue of 54.48 lakh shares.
The IPO was booked 129.2 times by the Qualified Institutional investors. Non-Institutional Investors booked their quota 460 times, while the retail portion was subscribed nearly 95 times.
The price band for the IPO was set between Rs 135 and Rs 143 per share.
The company is a manufacturer and supplier of ramming mass. It will use proceeds from the IPO to meet working capital requirements and for general corporate purposes.
Investors who participated in the IPO subscription are now looking forward to the finalisation of the share allotment status by the company.
The IPO bidders can check the Monolithisch India IPO allotment status on the websites of the NSE and KFin Technologies.
ALSO READ
Cordelia Cruises Operator Waterways Leisure Tourism Files DRHP To Raise Rs 727 Crore Through IPO
Steps To Check Monolithisch India IPO Allotment Status On NSE
Visit the IPO allotment page on the NSE website here.
Select 'Equity & SME IPO bid details'.
Select the company symbol ‘MONOLITH’ from the dropdown list for issue symbols.
Enter PAN details and Application Number.
Click on the ‘Submit’ button to check the share allotment details.
Steps to Check Monolithisch India IPO Allotment Status On Kfin Technologies
Visit the KFinTech IPO allotment page here.
From the dropdown menu, choose ‘MONOLITHISCH INDIA LIMITED’ as the IPO name.
Select one of the available identification options – PAN number, Application number, or DP ID/client ID.
Enter the details based on the option you selected.
Click on the ‘Submit’ button.
Your IPO allotment status will be displayed on the screen.
Following the share allotment status finanlisation, the company will initiate refunds and transfer of shares to the Demat accounts on June 18. The Monolithisch India IPO listing date has been tentatively fixed as June 20. Shares of Monolithisch India will be listed on the NSE SME platform.
Monolithisch India IPO GMP Today
According to InvestorGain, the grey market premium (GMP) for the IPO stood at Rs 43 at 9:00 a.m. on June 17. The latest GMP indicates shares of the company are expected to be listed at Rs 186 per share at a premium of 30.07% against the upper limit of the price band.
The grey market premium for the SME issue has shown a slight decline since it opened for subscription on June 12. The GMP was high as Rs 49 on Day 2 before sliding to Rs 43 when the issue closed for subscription.
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.
