Narmadesh Brass IPO Allotment Finalized Today, Shares to List Tomorrow
Narmadesh Brass IPO Allotment Finalized, Listing Tomorrow

Narmadesh Brass IPO Allotment Finalized Today, Shares to List Tomorrow

Narmadesh Brass Industries is finalizing its IPO allotment today, Monday, January 19. The company's fixed price issue of ₹44.87 crore opened for subscription on January 12 and closed on January 16. Investor response remained tepid throughout the subscription period.

IPO Details and Investor Requirements

The IPO was priced at ₹515 per share. Each application lot consisted of 240 shares. Retail investors needed to invest a minimum of ₹2,47,200 for 480 shares to participate in the offering.

Shares are scheduled to list on the BSE SME platform tomorrow, Tuesday, January 20. This listing will provide liquidity to investors who received allotments.

Grey Market Premium Indicates Weak Sentiment

The grey market premium for Narmadesh Brass IPO shares was nil on Monday morning. This absence of premium suggests the shares are not commanding any extra value in unofficial trading circles. Market observers expect the shares to list at par with the issue price when they debut on the exchange.

How to Check Narmadesh Brass IPO Allotment Status Online

Investors who applied for the SME IPO can check their allotment status through two primary online channels. KFin Technologies Limited served as the official registrar for this issue.

Checking Status on Registrar's Website

Follow these simple steps to check your allotment status on the registrar's website:

  1. Visit the registrar's official website using the provided direct weblink.
  2. Select 'Narmadesh Brass IPO' from the dropdown menu labeled "Select IPO."
  3. Choose your preferred identification method – Application Number, Demat Account, or PAN – and enter the required details.
  4. Click the 'Submit' button to proceed.

Your Narmadesh Brass IPO allotment status will then display on your computer monitor or mobile phone screen.

Checking Status on BSE Website

Alternatively, you can check your allotment status directly on the BSE website by following this step-by-step guide:

  1. Log in to the BSE's dedicated investor portal using the specific link.
  2. Select 'Equity' as the issue type from the available options.
  3. Choose 'Narmadesh Brass IPO' from the list of offerings.
  4. Enter your application number or PAN card details in the designated space.
  5. Complete the 'I'm not a robot' verification step.
  6. Click the 'Search' option to retrieve your status.

Your Narmadesh Brass IPO allotment status will appear on your screen immediately after completing these steps.

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