CPS Shapers IPO allotment: Latest GMP, here's how to check allotment status

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https://ipo.bigshareonline.com/ipo_status.html Login at direct Bigshare link — https://ipo.bigshareonline.com/ipo_status.html Select "CPS Shapers IPO" in company name section. Select 'Application No/CAF No or Beneficiary ID or PAN Number. Click at 'Search' Your CPS Shapers IPO allotment status will become available on your computer monitor on the display of your cell phone.

CPS Shapers IPO GMP today or or grey market premium on Tuesday was +125 similar to previous four trading sessions. This indicates CPS Shapers share price were trading at a premium of ₹125 in the grey market on Tuesday, according to topsharebrokers.com Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of CPS Shapers share price is ₹310 apiece, which is 67.57% higher than the IPO price of ₹185. 'Grey market premium' indicates investors' readiness to pay more than the issue price.

Also Read: Ratnaveer IPO: Issue subscribed over 21 times on day 2; NIIs steal the show CPS Shapers IPO consists of fresh issue of 6,00,000 equity shares aggregating to ₹11.10 crore. There's no offer for sale (OFS) component. According to the company's Red Herring Prospectus (RHP), they plan to use the gross proceeds to upgrade their existing IT software at their existing manufacturing facility and registered office, buy plant and machinery for their existing manufacturing facility, buy a commercial vehicle, fund capital expenditures for the purchase of a solar power system by our company, and repay or prepay, in full or in part, borrowings that their company has accessed.