Shri Techtex IPO Allotment finalised: GMP, how to check allotment status

livemint.com:

https://linkintime.co.in/MIPO/Ipoallotment.html Visit the above link which will take you to Shri Techtex IPO's registrar's website i.e Link Intime India Private Ltd. Choose the IPO in the dropbox that will only have its name set in if the allocation is completed. Pick one of all three options to check the status: Application No, Demat Account, or PAN.

Choose between ASBA and non-ASBA under application type. Include the information for the mode you choose in Step 2. Click submit after filling out the captcha.

Shri Techtex IPO GMP or grey market premium is +35. This indicates that the shares of Shri Techtex IPO were trading at a premium of ₹35 in the grey market on Wednesday, 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 Shri Techtex IPO share is ₹96 apiece, which is 57.38% higher than the IPO price of ₹61.

Shri Techtex IPO shares for the last two consecutive sessions were trading at ₹96 per share in the grey market. 'Grey market premium' indicates investors' readiness to pay more than the issue price. Shri Techtex IPO began accepting subscriptions on Wednesday, July 26, and it closed on Friday, July 28, 2023.

The company set the IPO's price band at ₹54 to ₹61 per equity share. Shri Techtex IPO plans to raise ₹45-50 crore. The company plans to use the net proceeds from the offering to pay for the following projects, including building a factory shed, starting a solar farm, buying equipment, meeting working capital needs, serving general corporate objectives, and covering public offering costs.