Electronics Mart India IPO: Here’s how you can check the allotment status

• Electronics Mart India is likely to announce its share allotment status today.
• The IPO has witnessed good demand from investors amidst volatile market conditions.
• The IPO will be listed on October 17 on exchanges.

Hyderabad-based Electronics Mart India, a consumer durables retail chain, is likely to announce the allotment status of its initial public offering (IPO) today, October 12.

The IPO opened for subscription from October 4 to October 7. It received bids for 449 crore equity shares as against 6.25 crore shares on offer.

Overall, the IPO has received high demand from investors amidst volatile market conditions as it was subscribed 71.91 times.

The qualified institutional buyer portion was subscribed 169.54 times. The reserved portion of non-institutional investors witnessed a subscription of 63.59 times. Retail portion saw a subscription of 19.71 times.

Moreover, the grey market premium (GMP) of the company’s shares remained at ₹30.

The company plans to raise ₹500 crore through fresh issue of shares through the IPO. It has fixed a price band of ₹56 to ₹59 a share.

Here is how to Electronics Mart India IPO allotment status on stock exchange website:

• Go to the BSE website or NSE website here.
• On BSE, Select 'Equity' and then from the dropdown, select ‘Electronics Mart India’.
• Now, enter your application number and PAN.
• Click on 'Search'.
• Please note the details will only be available once the shares are allotted.

You can also visit the registrar website (Link Intime India) to check your application status.

• Visit the registrar's website here.
• Click on 'Select company' and click on ‘Electronics Mart India’.
• Once the company is selected, you will have to enter either your PAN detail, the application number, or the client ID.
• Enter the captcha code and click ’submit’.

Once you hit 'submit', the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you.

SEE ALSO: Infosys president Ravi Kumar S resigns
India is facing the worst shortage of nurses in recent years, says KPMG report