Check Shyam Metalics IPO share allotment status
Check listing day strategy, grey market premium; listing on 24 June 2021 Shyam Metalics and Energy (SMEL) is likely to announce the IPO share allotment next week on 21 June 2021.The issue received a subscription of 121.43 times.121.43 times, becoming the highest subscribed IPO of FY21 so far. The Rs 909-crore issue received bids for over 256.11 crore equity shares against an offer size of 2.1 crore equity shares.
The initiation of refunds or unblocking of funds from ASBA accounts will take place on June 22, 2021. While the equity shares will be credited to depository accounts on June 23, 2021. Shyam Metalics and Energy will make its stock market debut on June 24, 2021. Analysts expect up to 55 per cent listing premium.
How to check Shyam Metalics share allotment status via KFin Technologies website
Investors can check the allotment status on KFin Technologies website under the IPO Status section (https://ris.kfintech.com/ipostatus/) when it gets declared. After that, select the IPO and enter either your application number or DPID/Client ID or PAN. In the case of the application number box, select application type and enter the application number. If the DPID/Client ID box is chosen, select the depository from the drop-down menu, enter DPIP, Client ID. If the PAN option box was chosen, enter the permanent account number. In the last step, enter the given captcha and click submit. This will show the number of shares that have been applied and allotted to the investor.
Check Shyam Metalics and Energy share allotment status via BSE website
The allotment status in Shyam Metalics and Energy can also be checked via the BSE website (https://www.bseindia.com/investors/appli_check.aspx). From this link, select the issue type as ‘equity’, and ‘Shyam Metalics and Energy Ltd’ as the issue type from the drop-down list, when it gets declared. Enter application number and PAN (permanent account number). In the last step, click on the search tab to view the status details.
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