The Shyam Metalics IPO share allocation has been closed previous week and now it is expected to be finalised today on June 21. The share allocation along with the refund is going to be managed by KFIN Technologies, which is the registrar of the IPO. It is Rs. 909 crore public issue which was earlier subscribed more than 120 times from 14th June to June 16.
All the investors who want to check their allotment status and had earlier applied for Shyam Metalics shares in the IPO, can visit the official web site of KFIN Technologies to know the current status. It is reported that the Shyam Metalics IPO has been subscribed more than 120 times along with 11.58 times retail subscription as well. As per to the reports, Shyam Metalics shares are expected to get listed on 24th June 2021.
Check Shyam Metalics IPO share allotment status by following these two methods:
KFIN Technologies Website
As we have said above, the investors can check the allotment status trough official website of its registrar i.e. KFIN Technologies. Follow these instructions:
Step 1: Start the process by visiting https://kcas.kfintech.com/ipostatus/ (KFIN Technologies web portal)
Step 2: Now, a dropdown space will open from where you have to select the IPO name
Step 3: After that fill in your application number or Client ID or else your PAN details.
Step 4: While filling the details, you must have to first select its type, for example select from ‘ASBA or NON-ASBA’ before filling your application number.
Step 5: In the last step, enter the ‘Captcha’ correctly and submit the details to get the share allotment status.
BSE Website
If you want to check the share allotment status by using different site then go for BSE and here are the steps for the same.
Step 1: Go to the BSE website by visiting at https://www.bseindia.com/investors/appli_check.aspx
Step 2: Select the option ‘Equity’ and a dropdown will appear from which you will have to choose issue name i.e. Shyam Metalics & Energy.
Step 3: Now simply fill your application number along with your PAN card detail asked in that page.
Step 4: As soon as you have entered the information, check it once more before clicking on “Search” button to complete the process.
In addition to that, the qualified Institutional Buyers (QIBs) category has been 155.71 times subscribed, while non-institutional investors on the other hand have been subscribed 339.98 times. As soon as the Shyam Metalics IPO share allotment status has been officially finalised, all the investors who have invested on the same can check it on the BSE web site after that. If we consider reports from the market observers, the grey market premium or GMP of Shyam Metalics is estimating about RS 128-130. Meanwhile, the Shyam Metalics price range offer was at Rs 303 to Rs 306 each share whereas the lot size was of 45 shares as well.
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