The allotment status for the Shah Investor's Home Initial Public Offering (IPO) is expected to be finalized on Thursday, October 1. Investors who participated in the bidding process, which took place from September 28 to September 30, can now prepare to check their application status.
IPO Details and Subscription Overview
Shah Investor's Home, a Gujarat-based retail broking company with over three decades of experience, aimed to raise Rs 90 crore through this IPO. The offering consisted entirely of a fresh share sale of up to 53,99,200 equity shares, with a price band set between Rs 159 and Rs 167 per share. Applicants were required to bid for a minimum of 85 shares, or multiples thereof.
The IPO received a robust response from investors, achieving an overall subscription of 38.12 times. The Qualified Institutional Buyers (QIBs) portion was subscribed 28.05 times, while Non-Institutional Investors (NIIs) showed significant interest with a 95.54 times subscription. Retail individual investors subscribed their quota 19.26 times, attracting nearly 4.2 lakh applications totaling bids worth over Rs 2,400 crore.
Grey Market Premium (GMP) and Listing Expectations
Following the bidding period and current market sentiments, the Grey Market Premium (GMP) for Shah Investor's Home shares has shown some correction. It was last heard commanding a discount of Rs 12-14 per share, which suggests potential listing gains of 7-8 percent for investors. During the bidding period, the GMP was around Rs 15 apiece.
Key Dates and Financial Services
Beeline Capital Advisors served as the sole book-running lead manager for the issue, with MUFG Intime India appointed as the official registrar. Fund debits and refunds for unsuccessful bidders are scheduled for Monday, October 5. The shares of Shah Investor's Home are slated for listing on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on Tuesday, October 6.
Shah Investor's Home, incorporated in 1994, provides a comprehensive suite of financial services, including equity and derivatives brokerage, facilitating the buying and selling of equities, IPOs, and other securities for both resident and non-resident Indian retail customers.
How to Check Your Shah Investor's Home IPO Allotment Status
Investors can check their allotment status through several online portals:
1. On the BSE Website:
- Visit the BSE allotment page.
- Under 'Issue Type', select 'Equity'.
- From the 'Issue Name' dropdown, choose 'Shah Investor's Home Limited'.
- Enter your Application Number.
- Input your PAN card ID.
- Complete the 'I am not a Robot' captcha and click 'Search'.
2. On the NSE Website:
- Go to the NSE IPO status page.
- Select 'Equity & SME IPO Bid details'.
- Under 'Select Symbol', choose 'SHAHINVEST'.
- Enter your PAN Number and Application Number.
- Click 'Submit' to view your status.
3. Via the Registrar's Website (MUFG Intime India):
As the Sebi-registered registrar, MUFG Intime India is responsible for processing applications and managing the allotment process. You can check the status on their online portal:
- Navigate to the MUFG Intime India web portal (Note: Link provided by source was generic, using a common registrar status link).
- Select the IPO/FPO from the dropdown menu (the name will appear once allotment is finalized).
- Choose one of three modes to check: Application number, Demat Account number, or PAN ID.
- If applicable, select 'ASBA' or 'non-ASBA' for the application type.
- Enter the details corresponding to your chosen mode.
- Fill in the security captcha accurately and click 'Submit'.