How To Check Adcounty Media IPO Allotment Status On BSE And Registrar Website; Find Latest GMP Here

The initial public offering (IPO) of Adcounty Media India Ltd. closed with an overwhelming demand on the last day of subscription on July 1. The BSE SME IPO was overall subscribed 273.08 times.

Following the IPO subscription, the investors are waiting for the finalisation of the share allotment status. Adcounty Media India is scheduled to complete the share allotment for its IPO on July 2.

The IPO attracted applications for more than 107.61 crore shares compared to 39.4 lakh shares on offer, as per the BSE data.  

Qualified Institutional Buyers (QIBs) subscribed the issue 137.33 times, while the Non-Institutional Investors (NIIs) booked their category 555.79 times. Retail investors booked their quota 229.37 times.

The price band for the IPO was fixed in the range of Rs 80 to Rs 85 per share. It was a book-building issue worth Rs 50.69 crore. The IPO comprised a fresh issue of 59.63 lakh shares.

The company is in the business of providing digital marketing solutions. It will use proceeds from the IPO to fund capital expenditure, meet working capital requirements and for general corporate purposes. 

Investors who participated in the IPO can check the allotment status on the websites of BSE and Skyline Financial Services, the registrar for the issue.

• Go to the BSE IPO allotment page here.  

• Select the issue type as “Equity”. 

• Choose “Adcounty Media India Ltd.” 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.

• Visit the official website of the registrar, Skyline Financial Services Pvt., here.

• Select “Adcounty Media India Ltd.” from the Check Application Status option.

• Choose either DPID/Client ID, Application Number, or PAN. 

• Enter the details per your selection. 

• Hit “Search” to check the allotment status.

After the share allotment, refunds will be processed on July 3. The company is expected to transfer shares to the Demat accounts of successful bidders on July 4.

Shares of the company are scheduled to be listed on the BSE SME platform on July 4. 

The grey market premium (GMP) for the Adcounty Media India IPO stood at Rs 50 as of 7:30 a.m. on July 2. The latest GMP indicates a listing price of Rs 135 apiece at a premium of 58.82% over 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.