The wait is almost over for investors who applied for the Urban Company IPO, which opened on September 10 and closed on September 12. The allotment of shares is expected today, September 15. After the allotment process, the trading is set to begin on BSE and NSE from September 17.
With a price band of Rs 98–103 per share, let’s take a look at the how to check share allotment online. You can also track GMP buzz and other key details of the issue-
Urban Company IPO: How to check your Urban Company IPO allotment
Investors can now check their IPO allotment status online using three main channels. Follow these steps –
Via BSE website
- Go to the BSE IPO allotment status page.
- Select Equity as the issue type.
- Choose Urban Company IPO from the dropdown.
- Enter your Application Number or PAN.
- Complete the captcha and click Search to view your allotment.
Via NSE website
- Go to the NSE IPO application tracking page.
- Click on Equity and SME IPO Bid Details.
- Select Urban Company IPO from the list.
- Provide your Application Number and PAN details.
- Hit submit to check the status.
- Via Registrar website (MUFG Intime)
Visit the MUFG Intime official website.
- Select Urban Company IPO from the company dropdown.
- Enter any of the following: PAN, Application Number, DP ID/Client ID, or Bank Account Number.
- Click Search to view your allotment.
Urban Company IPO: Subscription overview
Urban Company IPO received a strong subscription, with the overall issue being oversubscribed 108.98 times by the end of the bidding on September 12. Among the categories –
Qualified Institutional Buyers (QIBs): 147.35 times
Non-Institutional Investors (NIIs): 77.82 times
Retail Investors: 41.49 times
Urban Company IPO: Grey market premium (GMP)
The grey market premium (GMP) for the IPO is currently around Rs 65, This indicates a potential listing price of Rs 168 per share. This translates to an expected gain of approximately 63.11% from the upper end of the price band.
However, GMP is unofficial and may not always match actual listing prices.
Urban Company IPO: Key players of this IPO
The IPO was managed by Kotak Mahindra Capital, while MUFG Intime is acting as the registrar.