Comrade Appliances IPO Allotment: Here’s how to check allotment status, GMP, other details

The initial public offering (IPO) of Comrade Appliances received strong response during May 31 to June 5 as the issue was subscribed 71.92 times. 

The Comrade Appliances IPO received 72.08 times subscription in the retail category and 21.86 times subscription for the portion reserved for Qualified Institutional Buyers (QIB). The Non-Institutional Investors’ (NII) portion was booked 120.78 times by June 5, 2023.

Comrade Appliances IPO allotment date is June 8 wherein the company will fix the basis of allotment of shares. Investors in the Comrade Appliances IPO will know if they received any allotment of shares in the public issue on June 8.

The company will initiate refunds on June 9 to the investors not receiving allotment and credit the shares to eligible investors’ demat account on June 12.

The shares of Comrade Appliances will be listed on June 13 at BSE SME.

The price band for Comrade Appliances IPO was ₹52 to ₹54 per equity share.The total IPO size was ₹12.30 crore and solely consisted of fresh issue of shares. 

The company plans to use the net proceeds from the fresh issuance for working capital needs and general business needs.

Also read: IKIO Lighting IPO: GMP, should you subscribe, other details as issue opens

Comrade Appliances IPO GMP today

Comrade Appliances IPO GMP or grey market premium today is ₹15, as per market observers. The GMP is unchanged from that of June 6. However, it is higher than the GMP of ₹12 on June 5. This shows that the shares of Comrade Appliances were trading ₹15 higher in the grey market than their IPO price.

Comrade Appliances IPO price band was ₹52 to ₹54 and as per the latest GMP trend, the shares of Comrade Appliances are expected to list at ₹69 apiece ( ₹54 + ₹15) on the BSE SME. 

Also Read: Sonalis Consumer Products IPO: What does GMP suggest ahead of issue opening?

Comrade Appliances IPO Registrar is Bigshare Services Pvt Ltd.

Comrade Appliances IPO allotment status

Once Comrade Appliances IPO allotment status is announced, investors can check their application status online by logging in at the BSE website or on the registrar’s website. Here’s how check Comrade Appliances IPO allotment status:

How to check Comrade Appliances IPO allotment status on BSE:

1] Login on BSE website  https://www.bseindia.com/investors/appli_check.aspx
2] Select ‘Comrade Appliances Limited’ in Issue Name
3] Select 'Equity' in issue type
4] Enter Application Number or PAN
5] Click at 'I'm not a robot'
6] Click on 'Search' button.

Your Comrade Appliances IPO allotment status will be open.

Investors can also check Comrade Appliances IPO allotment status on Bigshare website.

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Here’s how to check Comrade Appliances IPO allotment status on Bigshare:

1] Login on Bigshare website — https://ipo.bigshareonline.com/IPO_Status.html
2] Select 'Comrade Appliances' in Company Selection
3] Select any one of these - Application Number, Beneficiary ID or PAN in the Selection Type
4] Enter the details as per the type selected
5] Click on the 'Search’ option

Your Comrade Appliances IPO allotment status will be visible.

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