Premium Plast IPO allotment expected today: Step-by-step guide to check your allotment status online

The Premium Plast IPO allotment is expected today. The IPO was oversubscribed 38 times, with retail investors oversubscribing 65 times. Investors can check allotment status via Bigshare Services or the NSE website. Refunds will begin on October 25, 2024, and shares will be credited the same day.

A Ksheerasagar
Published24 Oct 2024, 02:22 PM IST
Premium Plast IPO allotment expected today: Step-by-step guide to check your allotment status online
Premium Plast IPO allotment expected today: Step-by-step guide to check your allotment status online(unsplash.com)

Premium Plast IPO Allotment: The allotment for Premium Plast IPO is expected to be finalised today. Investors can check their allotment status through the registrar, Bigshare Services, or on the NSE website. The IPO, which was open for subscription from October 21 to October 23, saw a healthy response from investors, being oversubscribed by 38 times.

Specifically, the retail investors segment was oversubscribed 65 times, while the non-institutional portion was oversubscribed 19.56 times. The QIB portion has also been booked at 6.74 times, as per the exchange data. The IPO price was set between 46 and 49 per share.

Also Read | Godavari Biorefineries IPO: GMP, subscription status to review. Apply or not?

Given the high level of retail oversubscription, shares will be allocated to retail individual investors (RIIs) on a proportional basis. Those who do not receive an allotment can expect the refund process to start on October 25, 2024.

Shares allotted will be credited to investors' demat accounts on the same day as the refunds. The SME IPO is expected to be listed on the NSE SME platform, with a tentative date of October 28, 2024.

The company plans to use the net proceeds from the offer for the expansion of its existing manufacturing facility in Pithampur, Madhya Pradesh, purchasing machinery, funding capital expenditure for setting up a rooftop grid solar power plant at the current manufacturing facility, prepaying or repaying a portion of certain outstanding borrowings, covering general corporate purposes, and meeting offer-related expenses.

Also Read | Multibagger IPO: Small-cap SME stock gives 116% return in three months

Here are the steps to check allotment status online on the register website:

Since Bigshare Services is the registrar for the SME IPO, investors can check the allotment status online on Bigshare Services' website:

Step 1: Go to the registrar Bigshare Services Pvt Ltd's website by clicking on this link: https://www.bigshareonline.com/ipo_Allotment.html

Step 2: Select any of the three servers on the Bigshare website to check the allocation status.

Step 3: Click on company selection, and thereafter, from the dropdown, select the company name 'Premium Plast'.

Step 4: Select from among any one of the following options it asks for: application number, demat account, or PAN number.

Step 5: Enter the details pertaining to the option selected.

Step 6: Hit the Search button and don't forget to enter the Captcha code.

Also Read | Waaree Energies IPO Highlights: Share allotment likely today. What GMP signals?

On NSE’s website:

Open the IPO allotment page at https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp

Log in with your credentials.

Select Premium Plast., enter your PAN details and application number, and click ‘Submit.’

Also Read | Large multinationals keen on IPOs in India after Hyundai’s debut: Citi

About Premium Plast

The company is a tier-1 (tier-1 companies are companies that directly supply to original equipment manufacturers automotive component group. It designs, manufactures, and supplies exterior plastic components, interior cabin components, and under-the-hood components to commercial vehicle OEMs directly.

The company manufactures a wide variety of injection and blow-molded plastic articles for a broad group of industries and applications. Its products broadly include automotive parts, plastic industrial components, and packaging components, which cater to a diverse range of industries.

Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.

Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

MoreLess
First Published:24 Oct 2024, 02:22 PM IST
Business NewsMarketsStock MarketsPremium Plast IPO allotment expected today: Step-by-step guide to check your allotment status online

Most Active Stocks

Tata Steel share price

149.70
07:18 PM | 1 NOV 2024
1.05 (0.71%)

Indian Oil Corporation share price

145.00
07:19 PM | 1 NOV 2024
2.3 (1.61%)

Tata Power share price

445.20
07:19 PM | 1 NOV 2024
5.15 (1.17%)

Bandhan Bank share price

183.65
07:10 PM | 1 NOV 2024
1.4 (0.77%)
More Active Stocks

Market Snapshot

  • Top Gainers
  • Top Losers
  • 52 Week High

Rainbow Childrens Medicare share price

1,545.00
06:59 PM | 1 NOV 2024
-67.25 (-4.17%)

ICICI Securities share price

833.45
06:59 PM | 1 NOV 2024
-32.85 (-3.79%)

Vijaya Diagnostic Centre share price

966.70
06:59 PM | 1 NOV 2024
-30.35 (-3.04%)

Narayana Hrudayalaya share price

1,235.60
06:59 PM | 1 NOV 2024
-36.75 (-2.89%)
More from Top Losers

Brigade Enterprises share price

1,244.80
07:19 PM | 1 NOV 2024
71.75 (6.12%)

PCBL share price

432.15
07:17 PM | 1 NOV 2024
21.35 (5.2%)

Piramal Pharma share price

281.85
07:17 PM | 1 NOV 2024
13.45 (5.01%)

Jubilant Pharmova share price

1,273.00
06:59 PM | 1 NOV 2024
60.65 (5%)
More from Top Gainers

Recommended For You

    More Recommendations

    Gold Prices

    • 24K
    • 22K
    Bangalore
    80,565.00-790.00
    Chennai
    80,571.00-790.00
    Delhi
    80,723.00-790.00
    Kolkata
    80,575.00-790.00

    Fuel Price

    • Petrol
    • Diesel
    Bangalore
    102.92/L-0.06
    Chennai
    101.23/L0.43
    Kolkata
    104.95/L0.00
    New Delhi
    94.77/L0.00

    Popular in Markets

      HomeMarketsPremiumInstant LoanMint Shorts