If you have placed a bid for the Studds Accessories IPO, which opened on October 30 and closed on November 3, your wait is nearly over. The allotment of shares is expected to be finalised on November 4, while the listing is scheduled for November 7.
The price band for the IPO was set at Rs 557 to Rs 585.
Here’s a quick and easy guide to check your IPO allotment status online.
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 ‘Studds Accessories 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 ‘Studds Accessories 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 MUFG Intime.
- Select ‘Studds Accessories 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.
Subscription snapshot
The Studds Accessories IPO by the end of the bidding window, the overall subscription stood at 19.91 times.
- Qualified Institutional Buyers (QIBs): 9.48 times
- Non-Institutional Investors (NIIs): 43.65 times
- Retail Investors: 14.88 times
Grey Market
The grey market premium (GMP) for Studds Accessories IPO is currently around Rs 60, suggesting a likely listing price of Rs 645. This translates to a potential gain of around 10% from the upper end of the price band. However, GMP is unofficial and may not always reflect actual listing performance.
IPO details
The public issue of Studds Accessories IPO was open for subscription from October 30 to November 3, with the company aiming to raise Rs 455.49 crore through the initial public offering. The price band for the issue was fixed between Rs 557-585 per share.
The issue is being managed by IIFL Capital Services, while MUFG Intime is acting as the registrar. Once the allotment process is completed, the shares are scheduled to be listed on NSE, BSE on November 7.
