Shri Techtex IPO Allotment Today: Latest GMP, How To Check Your Application Status

SME IPO: Fabric manufacturer, Shri Techtex is expected to carry an allotment of equity shares on Wednesday and investors will be able to check their application status. These can be done through various portals such as the registrar of the IPO which Link Intime, stock exchanges BSE and NSE, bank accounts, and demat accounts. The SME IPO was launched from July 26 to July 28 and received strong demand across the investors' category. Overall, the IPO subscribed by 148.36 times.

At the grey market, the IPO's GMP is at Rs 35 on August 2nd, suggesting a 57.4% premium listing to Rs 96 per share (upper price band of Rs61 + Rs 35), as per TopShareBrokers website.

Here's how to check the allotment of equity shares in the Shri Techtex IPO:

Link Intime Allotment Page:

Step 1: Visit Link Intime IPO Allotment Page (https://linkintime.co.in/MIPO/Ipoallotment.html)

Step 2: Then select the option of personal identification to proceed further to select the IPO name. These can be a Permanent Account Number (PAN) card, Aadhaar card, or DP ID options.

Step 3: After doing so, click on the drop-down menu bar to select the IPO name. Select 'Shri Techtex'

Step 4: Feed the details of PAN, Aadhaar, or DP ID as per your selection.

Step 5: Click on the 'Search' button lastly to proceed to check your allotment status on the screen.

BSE:

Step 1: Under the investors' section of the BSE website, click on 'Status of Issue Application'. Here is the link: https://www.bseindia.com/investors/appli_check.aspx

Step 2: Select the issue type either Equity or Debt

Step 3: Select the IPO name 'Shri Techtex' from the drop-down menu on the Issue Name.

Step 4: Feed in the details of either Application No. or PAN card.

Step 5: Select the captcha mode and then click on 'Search'. You get to know your allotment status accordingly.

NSE:

- Exchange will also provide Allotment information as provided by the registrar to the issue. Click here to login (https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids)

- To avail of this facility, the investor has to register one time by providing the PAN details.

- The user shall be able to view the details of the bids entered against the registered PAN number

- On registration, the investor will receive an email notification from NSE on the registered email address providing the login details.

Demat Account:

- Another method to check your application status for Shri Techtex IPO could be your demat account. You can call your broker, or login into your trading account for this.

- If your application is approved and Shri Tech shares are credited then it should reflect in your Demat account.

Bank Account:

- To check your application status, investors need to log in to their bank account from which they have applied for Shri Techtex IPO.

- After logging in, you need to check your balance statement.

- If an investor has received the allotment, then the amount will be debited from your account. And if not, then the amount will be credited.

- Also, as per IPO Watch, if you got the allotment you should have gotten an SMS "Dear Customer, Bank Name Account 00001 is debited with INR 00000.00 on Date. Info: IPOName. The Available Balance is INR 000000."

On the final day of the IPO (July 28), the IPO was oversubscribed by a massive 148.36 times driven by non-institutional and retail investors. The company planned to raise Rs 45.14 crore through the IPO which was purely a fresh issue with no offer for sale (OFS). The non-institutional investors (NII) portion subscribed 250.61 times, while the retail investors category subscribed 156.24 times, and the qualified institutional buyers (QIBs) portion subscribed 58.03 times.

The price band for the IPO was fixed at Rs 54 to Rs 61.

After the allotment of shares, the refunds will be initiated likely on August 3, and credit of shares in Demat accounts seen on August 4. The listing is seen on August 7 on NSE Emerge.