| ➡️ Get instant news updates on Whatsapp. Click here to join our Whatsapp Group. |
Investors eagerly waiting for the results of their Srigee DLM IPO applications are in for a crucial update today, May 8, as the allotment of shares is set to be finalised. The IPO opened for subscription on May 5 and closed on May 7, attracting strong market interest.
High Demand for Srigee DLM IPO
The IPO has attracted massive attention from investors, with an impressive oversubscription rate. By the end of the subscription period, the issue was oversubscribed 490.93 times. This high demand means that many applicants will receive fewer shares than they applied for, or in some cases, no shares at all.
What Happens After the Allotment?
Now that the allotment process is concluding, the next steps for successful and unsuccessful applicants are lined up. Successful applicants will see the shares credited to their demat accounts by Friday, May 9. Meanwhile, applicants who were not allocated shares will begin receiving refunds starting the same day.
The shares of Srigee DLM will be listed on the BSE SME platform, with the official trading debut set for Monday, May 12.
How to Check the Allotment Status
Investors can easily check their allotment status on the Bombay Stock Exchange (BSE) website. Here’s how to do it:
- Visit the official BSE website’s allotment status page.
- Under the ‘Issue Type’ dropdown, select ‘Equity.’
- Choose ‘Srigee DLM’ from the ‘Issue Name’ options.
- Enter your PAN (Permanent Account Number) or application number.
- Complete the verification by clicking on ‘I am not a Robot.’
- Click ‘Submit’ to view your allotment status.
What is the Current Grey Market Premium (GMP)?
The Grey Market Premium (GMP) is an indicator of the expected listing price for the IPO. As of today, the GMP for Srigee DLM IPO stands at +₹33. This means that shares are being traded ₹33 higher than the IPO issue price in the unofficial market.
With the IPO price fixed at ₹99 per share, the expected listing price, based on the current GMP, is ₹132 per share. This suggests a potential listing premium of 33.33% over the issue price. The GMP has been steadily increasing in recent days, with fluctuations between ₹0 and ₹33, signaling a positive market sentiment ahead of the listing.
Positive Outlook for Srigee DLM IPO
The combination of a strong subscription rate and an upward-trending GMP points to strong investor interest and expectations of a successful listing. Investors are looking forward to the official debut of Srigee DLM on the BSE SME platform next week.
Disclaimer on GMP
It’s important to note that the GMP is an unofficial market indicator and may not be reliable. It is based on media reports and should only be used for informational purposes. Investors should conduct their own research and analysis before making any investment decisions. The grey market is not officially regulated, and we do not encourage or engage in grey market trading.
About Srigee DLM
Srigee DLM, originally founded as Srigee Enterprises Private Limited on December 20, 2005, has grown from specializing in plastic mouldings for consumer durables to a diversified manufacturing and assembly service provider. The company expanded its capabilities in 2013 by adding advanced injection moulding machinery, allowing it to enter the home appliance moulding market. Today, Srigee DLM operates in four key business areas: plastic injection moulding and assembly, tool room and die manufacturing, mobile phone assembly, and polymer compounding. The company serves a range of sectors, including consumer durables, home appliances, automotive components, and electronics. It is known for delivering high-quality, cost-efficient manufacturing solutions to major clients like Symphony Limited, Starion, Dipty Lal Judge Mal Pvt. Ltd. (DLJM), and Syntyche Tradex Enterprises.