Sona Comstar IPO allotment standing: Here is verify your shares

Sona Comstar IPO allotment standing: The preliminary public providing (IPO) of Sona BLW Precision Forgings (Sona Comstar) was met with 2.28 occasions subscription over the ten.71 crore shares supplied throughout the subscription interval from June 14-16, 2021. The worth band was mounted at Rs 285-291 per share.
Sona Comstar IPO acquired bids of over 24.43 crore (24,43,02,138) shares towards the entire challenge measurement of 10.71 crore (10,71,05,262) shares, information obtainable with the National Stock Exchange (NSE) confirmed.
The shares that are to be allotted for the certified institutional consumers (QIBs) was subscribed 3.46 occasions, whereas these of non institutional buyers was subscribed 39 per cent and that of retail particular person buyers (RIIs) was subscribed 1.57 occasions, the info confirmed.

The firm intends to utilise the proceeds from the recent challenge to repay/prepay a bit of over Rs 241 crore of its borrowings moreover normal company functions.

Investors are actually wanting ahead to the share allotment date of the Sona Comstar IPO. The auto element maker was initially speculated to finalise the allotment by Monday, June 21, 2021, in accordance with the timeline talked about within the purple herring prospectus. However, the registrar’s web site now reveals that the shares shall be allotted on Tuesday, June 22, 2021. In case you have got utilized for the Sona Comstar IPO, then right here is how one can verify the standing of your allotment when it will get declared:
The allotment standing will get up to date on the web site of the registrar of the IPO, which on this case is KFin Technologies (Click right here: https://ris.kfintech.com/ipostatus/ipos.aspx). Applicants might want to choose SONA BLW PRECISION FORGINGS LIMITED within the drop-down menu and enter both their Application No. or DPID/Client ID or PAN, enter the Captcha code (which is proven in digits) and click on on Submit to view their allotment standing.
 
Apart from the registrar’s web site, candidates may also verify the standing of their allotment on the web site of the BSE (Click right here: https://www.bseindia.com/investors/appli_check.aspx). Here, they might want to choose Equity in Issue Type, then choose SONA BLW PRECISION FORGINGS LIMITED from the drop-down record within the Issue Name part, enter their Application Number and PAN Number within the respective packing containers after which click on on search to view their standing.

The itemizing of shares of Sona BLW Precision Forgings is prone to happen on June 24, 2021, on each the NSE and BSE. The challenge measurement of the IPO was Rs 5,550 crore. Before heading into the IPO, the corporate raised Rs 2,497.5 crore from its 56 anchor buyers.
Kotak Mahindra Capital, JP Morgan India, Credit Suisse Securities (India), JM Financial, Nomura Financial Advsiory and Securities (India) have been the ebook operating lead managers to the supply.