SS Retail IPO Allotment Status Announced After 107x Subscription; Investors Eye 36% Gain; Check All Details

After a massive 107.41x subscription, the SS Retail IPO allotment status for the SS Retail IPO finalised today, September 21, after the Rs. 500 crore issue was subscribed 107.41 times.

Applicants can check their status on the registrar KFin Technologies' website and on the BSE and NSE portals, and the shares are scheduled to list on both exchanges on September 23.

SS Retail IPO Details

The IPO opened on September 16 and closed on September 18 in a price band of Rs. 403 to Rs. 424 per share, with the final issue price set at Rs. 424.
The lot size is 35 shares, so retail investors needed a minimum of Rs. 14,840 at the upper end.

The issue is a mix of a fresh issue of 85.08 lakh shares worth Rs. 360 crore and an offer-for-sale of 33.02 lakh shares worth Rs.140 crore.
Up to 3,00,751 shares were reserved for employees at a discount of Rs. 25 to the issue price.

Before the issue opened, the company raised Rs. 146.40 crore from 22 anchor investors at Rs. 424 per share.

SS Retail IPO Subscription

Institutions led the demand. The QIB portion, excluding anchors, was subscribed 214.22 times and the NII category 150.33 times, while retail investors subscribed 35.81 times. Since every category is oversubscribed, retail allotment is decided by lottery, so many valid applicants will not get shares, and those who do may get fewer than they applied for.

How to check SS Retail IPO allotment status on KFin Technologies

Step 1:Open the IPO allotment page of KFin Technologies, the registrar to the issue
Step 2: Select SS Retail from the company dropdown.
Step 3: Choose PAN, application number or demat account as the search mode, enter the details
Step 4: Complete the captcha click Submit to see whether shares have been allotted.

How to check SS Retail IPO allotment status on BSE

Step: 1 Go to the BSE IPO status page at bseindia.com/investors/appli_check.aspx
Step 2: Select "Equity" as the issue type
Step 3: Pick SS Retail Limited from the issue name dropdown
Step 4: Enter your application number or PAN, fill in the captcha and click Search.

How to check SS Retail IPO allotment status on NSE

Step 1: Open the NSE page for checking IPO bids at nseindia.com/invest/check-trades-bids-verify-ipo-bids
Step 2: Click "Equity and SME IPO Bid Details"
Step 3: Select SS Retail from the dropdown, enter your PAN and application number, and submit the form to view your bid and allotment details.

Successful applicants will see shares credited to their demat account on September 22. If you are not allotted shares, the ASBA amount blocked in your account is released the same day. In case of a partial allotment, only the amount for allotted shares is debited. SS Retail then debuts on the NSE and BSE on September 23.

GMP and listing expectations

SS Retail IPO GMP is currently at Rs. 156 per share. So against the upper band of Rs. 424, that implies an estimated listing price of Rs. 580 and a gain of 36.79%.