The much-anticipated moment has arrived for thousands of investors who applied for the Studds Accessories initial public offering. The IPO allotment is expected to be finalized today, marking a crucial milestone for the automotive accessories manufacturer's market debut.
What Investors Need to Know About the Allotment Process
The ₹537-crore public issue, which consisted entirely of an offer for sale, received overwhelming response from investors across categories. The subscription numbers tell an impressive story of market confidence in the company's prospects.
Key subscription figures that caught everyone's attention:
- Overall subscription: 150.71 times
- Qualified Institutional Buyers (QIBs): 147.72 times
- Non-Institutional Investors (NIIs): 236.84 times
- Retail Individual Investors (RIIs): 39.86 times
Grey Market Premium Shows Strong Investor Sentiment
Even before the official listing, the grey market premium (GMP) for Studds Accessories shares has been showing positive trends, indicating strong secondary market demand. This premium often serves as an indicator of potential listing gains, though it's important to remember that GMP can be volatile and doesn't guarantee actual listing performance.
How to Check Your IPO Allotment Status Online
For anxious investors waiting to know their allocation, here's your step-by-step guide to checking status online:
- Visit the registrar's website: Link Intime India Private Limited is handling the allotment process
- Select Studds Accessories from the dropdown menu in the IPO section
- Choose your identification method: You can check using your PAN number, application number, or DP client ID
- Enter the required details accurately as per your application form
- Submit and view your allotment status immediately on screen
Alternatively, investors can also check their bank accounts for refund amounts or updated demat accounts for share credits once the allotment is complete.
What Happens After Allotment?
Once the allotment is finalized, unsuccessful applicants will receive refunds, while partial or full allotments will be credited to demat accounts of successful investors. The company is expected to list on both BSE and NSE exchanges shortly after the allotment process completion.
Market analysts suggest that investors who receive allotment should carefully monitor market conditions and company developments ahead of the listing date to make informed decisions about their investment strategy.
