Discover the latest update on the highly anticipated Exicom Tele-Systems IPO allotment! Find out if you’ve been allocated shares and learn how to check your status now. Plus, get insights into the grey market premium and what it means for potential investors.
Exicom Tele-Systems IPO Allotment: What Investors Need to Know
Today, Friday, March 1, marks the finalization of the Exicom Tele-Systems IPO share allotment. Investors eagerly awaiting the outcome of their applications can check their allotment status on the Exicom Tele-Systems IPO registrar portal, managed by Link Intime India Private Ltd. The IPO subscription period ran from Tuesday, February 27, to Thursday, February 29, witnessing an overwhelming response from investors. The subscription status reached an impressive 129.54 times by the third day, with the retail portion being subscribed 119.59 times.
Must Read
Exclusive: Reliance Share Price Jumps 1% as Disney Merger Shakes Up Market!
Sony’s Shocking Move: Merger with Zee Entertainment Axed – What Happens Next?
How to Check Allotment Status
Investors can ascertain if and how many shares they’ve been allocated through the basis of allotment, also available in the IPO allotment status. For those who were unsuccessful in receiving shares, the company will initiate the refund process, beginning Monday, March 4. Meanwhile, those who secured allotment can anticipate seeing their shares credited to their demat accounts on the same day.
The listing date for the Exicom Tele-Systems IPO is scheduled for Tuesday, March 5.
If you’ve applied for the Exicom Tele-Systems IPO, you can easily check your application status on the website of the IPO registrar, Link Intime India Private Ltd. Simply visit the following link to access the Exicom Tele-Systems IPO allotment status
The grey market premium (GMP) for the Exicom Tele-Systems IPO is currently at +151, indicating that shares are trading at a premium of ₹151 in the grey market, according to investorgain.com. This suggests significant investor interest, with the expected listing price of Exicom Tele-Systems shares pegged at ₹293 apiece, representing a substantial 106.34% increase over the IPO price of ₹142. The grey market premium reflects investors’ willingness to pay above the issue price.
Bhaarat Bulletin’s Shikha Rai, Bimal Dev, and Exicom Tele-Systems have contributed to the above report
Also Read