Investors who have applied for the initial public offering (IPO) of Arrowhead Seperation Engineering can now check their share allotment status. The company concluded its IPO share allotment, and applicants can verify their allotment through Cameo Corporate Services Ltd.'s portal or via a direct link on the Bombay Stock Exchange (BSE) website. Arrowhead Seperation Engineering is set to make its market debut on the BSE SME platform on Wednesday, November 29.
The process for checking allotment requires investors to select 'Arrowhead Seperation Engineering' from a dropdown menu and to provide their Application No., Demat Account information, or Permanent Account Number (PAN). A captcha code must be completed on Cameo’s site, while the BSE platform asks for human verification.
In anticipation of the company's listing, the grey market premium (GMP) stands at +₹25, suggesting an expected listing price of ₹258 per share. This is above the IPO’s price band of ₹233. The excitement around this listing is palpable, as investors are eager to see how the shares will perform on their first trading day.
For those whose shares were not allocated, the refund process will begin on Friday. Additionally, allotted shares are expected to be credited to investors' Demat accounts by Tuesday, November 28. However, these dates may be adjusted in accordance with T+3 trading norms which could potentially expedite both the refund initiation and Demat credit dates.
The upcoming listing on the BSE SME marks a significant milestone for Arrowhead Seperation Engineering as it transitions from a private to a public company, opening up new opportunities for growth and investment.
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