The allotment of shares for Smartworks Coworking Spaces’ initial public offering (IPO) will be finalised on Tuesday, July 15.
Investors who applied for the IPO can check their allotment status either through the BSE website or the registrar’s platform, MUFG Intime India Private Limited (also known as Link Intime India Pvt Ltd).
The IPO, which opened for subscription on July 10 and closed on July 14, received strong investor interest.
The public listing was subscribed 13.92 times overall. The Qualified Institutional Buyers (QIBs) segment was subscribed 24.92 times, the Non-Institutional Investors (NIIs) segment was subscribed 23.68 times, and the retail investor portion was subscribed 3.69 times.
The IPO aimed to raise Rs 582.56 crore. This included a fresh issue of 1.09 crore shares amounting to Rs 445 crore and an offer for sale (OFS) of 0.34 crore shares worth Rs 137.56 crore.
HOW TO CHECK ALLOTMENT STATUS
Here’s how investors can check their allotment status:
On the BSE website:
Visit the BSE IPO allotment page.
Click on the ‘Equity’ option.
Select ‘Smartworks Coworking Spaces Limited’ from the drop-down list.
Enter your application number and PAN.
Enter the captcha code and click ‘Search’ to check your allotment.
On the Link Intime website:
Go to the Link Intime IPO allotment page.
Select ‘Smartworks Coworking Spaces Limited’ from the dropdown list.
Choose one of the following to search: Application Number, Demat Account Number, or PAN.
Enter the required details and captcha code.
Click ‘Submit’ to view your allotment status.
GREY MARKET PREMIUM (GMP)
The grey market premium for the IPO has seen some fluctuations. A day before the bidding opened, the GMP had touched Rs 32. However, it has gradually come down since then.
As of July 15, the latest GMP stands at Rs 16. With the upper end of the price band set at Rs 407, the expected listing price based on the current GMP is Rs 423. This suggests a potential listing gain of about 3.93%.
Once the allotment is finalised, refunds for unallocated shares will be processed, and shares will be credited to the demat accounts of successful bidders. The listing of Smartworks Coworking Spaces is expected on the BSE and NSE on Thursday, July 17.
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