SAMHI Hotels, Zaggle Prepaid share allotment expected today. Here's how to check status
On the allotment date, investors come to know about the number of shares allotted to them as against the bids made. They can check the allotment status through the BSE or by visiting the registrar's website.
Here's how you can check the status on the BSE.
Step 1: Visit the BSE website
Step 2: Please select the issue name, which is the company's name, in the drop down.
Step 3: Enter the application number or PAN number to check the allotment status.
With the allotment much earlier than expected, both the companies seem to be gearing up for T+3 listing, which is Friday. According to market sources, SAMHI and Zaggle are commanding a premium of Rs 5 and Rs 14, respectively, in the unlisted market.
If we go by the grey market, the debuts of both the companies are expected to be flat-to-muted, unlike the recent trend of robust gains.
While SAMHI is likely to list at a mild premium of 4%, Zaggle will most probably fetch an 8% premium.
Analysts were mixed on the IPOs of these companies on profitability concerns and high valuations.
After a tepid demand for the first two days, the IPOs of SAMHI Hotels and Zaggle Prepaid managed to sail through on the last day of the bidding process. Both the issues opened on September 14.
While SAMHI Hotels' issue was subscribed 5.33x at close, Zaggle Prepaid's offer was booked nearly 12.57 times on Day 3 on strong institutional interest.
SAMHI Hotels' Rs 1,370 crore IPO comprised fresh equity issue of Rs 1,200 crore and OFS 1.35 crore equity shares.
