Vibhor Steel IPO Allotment: Here’s How to Check Your Status

The basis of allotment for Vibhor Steel IPO is expected to be finalised today.

The basis of allotment for Vibhor Steel IPO is expected to be finalised today.

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Investors eagerly await the finalization of the basis of allotment for Vibhor Steel Tubes IPO, which is anticipated to occur on Friday, February 16, 2024. With the IPO subscription period running from February 13 to February 15, public interest soared, resulting in an overwhelming oversubscription of nearly 300 times, particularly driven by enthusiastic retail investors.

To check the status of their allotment, investors can follow a step-by-step guide provided by both the Bombay Stock Exchange (BSE) and the registrar, Kfin Technologies Limited.

How to Check Allotment Status via BSE:

  1. Visit the allotment page on BSE’s official website.
  2. Under ‘Issue Type,’ select ‘Equity.’
  3. Choose the IPO from the drop-down option under ‘Issue Name.’
  4. Enter your PAN or application number.

How to Check via Kfin Technologies:

  1. Visit the website of the IPO registrar, Kfin Technologies Ltd.
  2. Select Vibhor Steel Tubes Limited from the dropdown menu in the select IPO section.
  3. Choose one of the three options to check the status: Application No, Demat Account, or PAN.
  4. If you select the application number, input it along with the captcha code and click “Submit.”
  5. For the Demat Account option, enter the captcha code and your account information, then click “Submit.” If you choose PAN, enter the PAN number along with the captcha code and click “Submit.”

Vibhor Steel Tubes Latest GMP: Meanwhile, the grey market premium (GMP) for Vibhor Steel Tubes IPO stands at +130, signaling a robust premium in the grey market. This positive indicator suggests a strong listing, with the expected listing price of Rs 281 per share, marking an 86.09% increase from the IPO price of Rs 151.

The grey market premium reflects investors’ eagerness to pay more than the issue price, reflecting positive sentiment towards the IPO.

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