The allotment standing for Tejas Cargo India’s IPO is anticipated to be finalized on Tuesday, February 18, . The NSE SME providing was absolutely subscribed on the ultimate bidding day, pushed primarily by Non-Institutional Traders (NIIs).
The logistics firm’s preliminary public providing (IPO) opened on February 14 however noticed weak investor demand throughout the first two days of subscription. Nonetheless, the SME difficulty was absolutely subscribed on the ultimate day. Via this IPO, the corporate plans to lift ₹105.84 crore from the first market.
The NSE SME difficulty noticed bids exceeding 5.61 lakh shares, in comparison with the 42.09 lakh shares obtainable, leading to an general subscription of 1.22 occasions by the third day.
Non-Institutional Traders (NIIs) absolutely subscribed to their allotted portion, bidding for 12.68 lakh shares towards the allotted 8.88 lakh shares. In the meantime, the retail phase was subscribed 1.09 occasions, with retail traders making use of for 22.68 lakh shares towards the 20.72 lakh shares reserved for them.
The Certified Institutional Patrons (QIBs) subscribed to their allotted portion 1.33 occasions, putting bids for greater than 15.78 lakh shares in comparison with the 11.84 lakh shares obtainable. In the meantime, the Staff phase of the IPO noticed bids for 46,400 shares.
Traders awaiting the finalization of the corporate’s IPO share allotment can examine the small print on the NSE web site. Moreover, the allotment standing might be accessed by means of the portal of the problem registrar, Bigshare Companies Pvt Ltd.
Tejas Cargo India IPO GMP
Tejas Cargo’s Gray Market Premium (GMP) is presently ₹0 within the unlisted market, which suggests no premium over the problem worth.
‘Gray market premium’ signifies traders’ readiness to pay greater than the problem worth.
Here is methods to examine Tejas Cargo India’s IPO –
NSE
- Open the NSE allotment standing web page right here https://www.nseindia.com/make investments/check-trades-bids-verify-ipo-bids
2. Choose “Fairness and SME IPO Bid Particulars” from the obtainable choices.
3. Select Tejas Cargo India Restricted from the checklist of IPOs.
4. Enter your Software Quantity and PAN particulars.
5. Click on “Submit” to examine the share allotment standing.
BigShare Companies
- Open the BigShare Companies IPO web site for allotment standing – https://www.bigshareonline.com/ipo_allotment.html
2. Choose any one of many three obtainable server hyperlinks.
3. From the drop-down menu below firm names, select Tejas Cargo India Restricted.
4. Decide one of many following identification choices: PAN, Software Quantity, DP ID, or Account Quantity.
5. Enter the required particulars for verification.
6. Click on the ‘Submit’ button to proceed.
