Forcas Studio IPO allotment to be finalised today. Here's how you can check status
SME IPO of Forcas Studio received a healthy response from investors as the issue was subscribed to over 400 at close. Post the strong response, the company is likely to finalise the share allotment for the IPO today.
Investors, who placed bids for the IPO, can check the status through the registrar or by visiting the NSE website.
Follow the below mentioned process to check the status of allotment through the registrar.
Step 1: Visit the IPO Allotment Status page on Mas Services (https://www.masserv.com/opt.asp)
Step 2: Select IPO from the dropdown
Step 3: Put Application number and enter captcha and 'Submit'.
Investors can also check the IPO allotment status through the NSE website
Step 1: Visit the NSE Website
Step 2: Please select the issue name, that is the company's name in the drop down.
Step 3: Enter the application number or PAN number to check the allotment status.
Also Read: QVC Exports IPO: Check issue size, price band, GMP among other details
Forcas Studio GMP
In the unlisted market, the company's shares are trading with a premium of Rs 85. If the trends sustain, the company's shares are expected to list with 90% gains on August 26. The company has priced the IPO at Rs 80 at the upper end.
The SME IPO of Forcas Studio, which was completely a fresh equity sale of 46.8 lakh shares, was subscribed over 400 times at close.
The net proceeds from the public offer will be used for funding upgradation of warehouse, repayment of debt, working capital requirements and general corporate purposes.
