Safe Enterprises IPO Allotment On June 25: Steps To Check Status, Latest GMP And Listing Date
Shares of Safe Enterprises Retail Fixtures Ltd. will be listed on the NSE SME platform.
The initial public offering (IPO) of Safe Enterprises Retail Fixtures was overall subscribed 14.7 times on the third and final day of bidding on June 24. The NSE SME issue received bids for more than 12 crore shares against 81.75 lakh shares on offer.
The Qualified Institutional Buyers (QIBs) subscribed their category more than 34 times, while the Non-Institutional Investors booked their segment 12.5 times. The retail portion of the IPO was booked 4.44 times.
Safe Enterprises Retail Fixtures IPO allotment status is scheduled to be finalised on June 25, after the end of the subscription period.
The company is expected to process refunds and transfer shares to the Demat accounts on June 26. The IPO listing date has been tentatively fixed as June 27. Shares of Safe Enterprises Retail Fixtures Ltd. will be listed on the NSE SME platform.
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The price band for the IPO has been set between Rs 131 and Rs 138 per share. The NSE SME issue was a book-building offer of Rs 169.74 crore, comprising entirely a fresh issuance of 1.23 crore shares.
Safe Enterprises Retail Fixtures designs and manufactures bespoke fixtures for retail outlets. It will use proceeds from the IPO to meet working capital requirements and for general corporate purposes.
Investors who participated in the IPO can check the allotment status on the websites of NSE and Maashitla Securities.
Steps to Check Safe Enterprises Retail Fixtures 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 “SAFEENTP” 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 Safe Enterprises Retail Fixtures IPO Allotment Status On Maashitla Securities
Go to the IPO allotment page on the official website of Maashitla Securities Pvt. here.
Choose “Safe Enterprises Retail Fixtures 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.
Safe Enterprises Retail Fixtures IPO GMP Today
According to InvestorGain, the grey market premium (GMP) for the IPO was Rs 3 as of 6 a.m. on June 25. According to current GMP trends, the IPO is likely to list at Rs 141 per share, indicating an expected gain of 2.17%
According to the current GMP trends, the grey market premium for the SME issue was as high as Rs 24 when the IPO opened for subscription and as low as Rs 3 on Tuesday.
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.
