Elin Electronics IPO share allotment: Know GMP, how to check status online
Investors and subscribers of the Initial Public Offer (IPO) of Elin Electronics are now eagerly waiting for the finalisation of the share allotment status. According to the temptative schedule the Elin Electronics IPO share allotment status is likely to be finalised on December 27. Notably, Elin Electronics IPO opened for subscription on December 20 and concluded on December 22. On the final and last day of subscription, the public issue was subscribed 3.09 times. Ahead of announcement of share allocation, the shares of the Rs. 475 crore worth IPO are available at a premium (GMP) of Rs. 5 in grey market today, according to the market observers, as per a Livemint report.
On Thursday, the last day of the subscription, the shares reserved for the QIB category received 4.51 times subscription followed by the Retail category with 2.20 times and NII receiving 3.29 times subscription.
Elin Electronics IPO share allotment status is likely to be finalised on December 27. While the shares of the company are expected to list on stock exchanges- BSE and NSE, on Friday, December 30, 2022. Once the share allotment status is declared, bidders and subscribers of the issue will be able to check the same online.
They will have to visit the official website of BSE or the registrar of the IPO- KFin Technologies Limited in order to check the Elin Electronics IPO share allotment status. Here is a step-by-step guide to check the Elin Electronics IPO share allotment status.
1. Visit the official website of BSE or click on the direct link given here— https://www.bseindia.com/investors/appli_check.aspx.
2. Select Elin Electronics IPO in the menu. Notably, the name of the company will be available only after the finalisation of the share allotment
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