The much-anticipated Divine Hira Jewellers IPO allotment is set to be finalized today, March 20. Investors who participated in this initial public offering can easily check their allotment status through the registrar, Bigshare Services Pvt Ltd. As of the third day of bidding, the IPO saw an impressive subscription rate of 3.93 times, according to data from chittorgarh.com. The subscription window opened on March 17 and closed on March 19, creating significant excitement among potential investors.
How to Check Your Allotment Status
For those eager to find out how many shares they have received, the allotment status will detail the number of allocated shares. Here’s how to check your status:
- Visit the Bigshare Portal: Go to Bigshare’s IPO allocation page.
- Select Divine Hira Jewellers IPO: From the company options, choose Divine Hira Jewellers IPO.
- Enter Your Details: You’ll need to provide either your PAN Number, Beneficiary ID, or Application Number/CAF Number.
- Click ‘Search’: This will show your allotment status, which you can access on your computer or smartphone.
Investors who were fortunate enough to receive shares will see them credited to their demat accounts on March 21. Conversely, those who did not receive shares can expect the refund process to begin on the same day.
Key Dates and Information
- Listing Date: The shares are slated to be listed on the NSE SME on March 24.
- GMP Insights: As of today, the Grey Market Premium (GMP) stands at +7, suggesting that the share price is trading at a premium of ₹7. This indicates an estimated listing price of ₹97, which is about 7.78% higher than the IPO price of ₹90.
Despite the current positive outlook, the GMP has seen fluctuations, with a notable high of ₹32 and a low of ₹0 over the past 11 sessions, indicating varying investor sentiment.
Additional Information on IPO Performance
- Subscription Rate: The IPO was oversubscribed by 3.93 times, primarily driven by strong interest from retail investors.
- Refund Process: For those not allotted shares, refunds will be processed swiftly to ensure a smooth experience.
The Divine Hira Jewellers IPO has clearly captured the attention of the market, and both eager investors and market watchers will be keen to follow its upcoming performance on the stock exchange.
For more details on checking other IPO allotments, keep an eye on the Paradeep Parivahan IPO as well, which is also generating buzz.
