If you have placed a bid for the Sambhv Steel Tubes IPO, which opened on June 25 and closed on June 27, your wait is nearly over. The allotment of shares is expected to be finalised on June 30, while the listing is scheduled for June 2.
The price band for the IPO was set at Rs 82.
Here’s a quick and easy guide to check your IPO allotment status online.
Sambhv Steel Tubes IPO: How to check IPO allotment status
Via BSE Website
Go to the BSE IPO allotment status page.
Select ‘Equity’ as the issue type.
From the dropdown, choose ‘Sambhv Steel Tubes IPO’.
Enter your application number or PAN.
Complete the captcha by ticking ‘I’m not a robot’ and click on Search.
Via NSE Website
Visit the NSE IPO application tracking page.
Then, click on ‘Equity and SME IPO Bid Details’.
Select ‘Sambhv Steel Tubes IPO’ from the list.
Provide the details such as your application number and PAN.
Submit to view your allotment status.
Via the Registrar’s Website
Go to the official site of the registrar Kfin Technologies.
Select ‘Sambhv Steel Tubes IPO’ from the dropdown.
Choose any of the following: PAN, Application Number, DP ID/Client ID, or Bank Account Number.
Fill in the necessary details and press Search to check your status.
Sambhv Steel Tubes IPO: Subscription snapshot
The Sambhv Steel Tubes IPO by the end of the bidding window, the overall subscription stood at 30.33 times.
Qualified Institutional Buyers (QIBs): 66.36 times
Non-Institutional Investors (NIIs): 33.88 times
Retail Investors: 8.56 times
Sambhv Steel Tubes IPO: Grey Market
The grey market premium (GMP) for Sambhv Steel Tubes IPO is currently around Rs 14, suggesting a likely listing price of Rs 96. This translates to a potential gain of around 17.07% from the upper end of the price band. However, GMP is unofficial and may not always reflect actual listing performance.
Sambhv Steel Tubes IPO: IPO details
The public issue of Sambhv Steel Tubes IPO was open for subscription from June 25 to June 27, with the company aiming to raise Rs 540 crore through the initial public offering. The price band for the issue was fixed between Rs 82.
The issue is being managed by Nuvama Wealth Management, Motilal Oswal Investment Advisors, while Kfin Technologies is acting as the registrar. Once the allotment process is completed, the shares are scheduled to be listed on both NSE, BSE on July 2.