GSM Foils IPO share allotment: How to check status? A step-by-step guide

livemint.com:

GSM Foils IPO Allotment Update: After receiving a stellar response from investors during the bidding period from May 24 to May 28, attention now turns to the allotment procedure for the GSM Foils IPO.The allotment for the GSM Foils IPO is expected to be finalised today. Investors can monitor their allotment status through the registrar, Bigshare Services Pvt.

Ltd.With oversubscription in the retail category, shares will be allocated to retail individual investors (RIIs) on a proportional basis. For those who do not receive an allotment, GSM Foils will commence the refund process for the application money on May 30, 2024.Also Read: Also Read: Novelis IPO: US subsidiary of Hindalco declares price band at $18-$21 per shareConcurrently, allotted shares will be credited to investors' demat accounts on the same day following the refund process.

GSM Foils is an SME IPO, with shares slated to be listed on the NSE SME platform, tentatively scheduled for May 31, 2024.If you have applied for the GSM Foils IPO, you can check your allotment status on the website of the IPO registrar, Bigshare Services Pvt. Ltd.Step 1: Visit the IPO registrar’s website at this link: https://ipo.bigshareonline.com/ipo_status.htmlStep 2: Select ‘GSM Foils’ in the ‘Company Selection’ dropdown menu.Step 3: Choose among the application number, beneficiary ID, or PAN.