The much-anticipated share allotment for the Speb Adhesives initial public offering (IPO) is set to be finalised today, Tuesday, December 04, 2024. Investors who applied for the public issue can now check if they have been allocated shares through the official channels.
How to Check Your Speb Adhesives IPO Allotment Status
There are two primary methods for investors to verify their allotment status. The process is straightforward and can be completed online in a few simple steps.
Checking Status on the NSE Website
Investors can visit the dedicated allotment page on the National Stock Exchange (NSE) website. First, navigate to the NSE's 'Check Trades/Bids/Verify IPO Bids' section. From the 'Issue Name' dropdown menu, select 'Speb Adhesives'. You will then need to enter your Permanent Account Number (PAN) and the Application Number from your bid. Upon clicking 'Submit', your specific allotment status for the Speb Adhesives IPO will be displayed on the screen.
Checking Status via the Registrar, MUFG Intime India
The alternative and official route is through the website of the IPO's registrar, MUFG Intime India. On their public issues page, select 'Speb Adhesives' from the company list. You can then choose to search using your PAN, Application Number, DP ID, or Bank Account Number. After entering the required details, click 'Search' to view your allotment result.
IPO Subscription Details and Grey Market Sentiment
The ₹33.73 crore IPO was open for subscription from December 01 to December 03. The public issue received a decent response from the market, being overall subscribed 2.34 times. A closer look at the investor categories reveals varied interest.
The Non-Institutional Investor (NII) segment, which includes high-net-worth individuals, was the most sought-after, oversubscribed by a strong 4.09 times. Qualified Institutional Buyers (QIBs) showed healthy demand, subscribing their portion 2.06 times. The Retail Individual Investor (RII) segment was subscribed 1.75 times.
Given the oversubscription in the retail category, shares will be allocated to RIIs on a proportional basis, meaning not all applicants will receive the full lot they bid for. The IPO price band was set between ₹52 and ₹56 per share.
However, market sentiment suggests a cautious debut. According to sources, the grey market premium (GMP) for Speb Adhesives was nil today. This indicates that the stock may list at its issue price or potentially at a discount when it makes its market debut.
Important Dates: Refunds and Listing
For investors who do not receive an allotment in the Speb Adhesives IPO, the refund process is scheduled to begin on December 05, 2024. The credited funds will reflect in their bank accounts as per standard banking timelines.
The company's shares are slated to list on the NSE SME platform on Monday, December 08, 2024. This will mark the official entry of Speb Adhesives into the public equity markets, allowing trading to commence for allottees.
As with any investment, market participants are advised to consider all factors and consult with certified financial experts before making investment decisions.
