On October 25, 2024, United Heat Transfer Limited is set to finalize its IPO allotment process amid an impressive market response that highlights strong investor sentiment. The IPO, which opened for subscription from October 22 to October 24, 2024, has garnered overwhelming interest, signaling a promising start for the company’s market debut.
| Table of Contents | |
|---|---|
| IPO Allotment Details | |
| Grey Market Premium (GMP) | |
| IPO Subscription Details | |
| Checking Allotment Status Online | |
| Additional Information | |
| Conclusion | |
| FAQ | |
IPO Allotment Details
The IPO allotment process is crucial not just for investors but also for market analysts aiming to gauge the true valuation of new stocks. Here are the important dates to note:
- Allotment Date: October 25, 2024
- IPO Open Date: October 22-24, 2024
- Expected Listing Date: October 29, 2024
The allotment will be managed by Link Intime India Private Ltd, a well-known registrar in the Indian IPO landscape.
Grey Market Premium (GMP)
Currently, the Grey Market Premium (GMP) for United Heat Transfer stands at ₹20 per share, indicating robust trading interest outside of formal exchanges. This hints at a favorable market sentiment towards the company.
Investors are eyeing an estimated listing price of ₹79 per share, representing a 33.9% premium over the issue price of ₹59 per share. Such indicators often predict a positive atmosphere on the listing day.
IPO Subscription Details
Breaking down the subscription figures reveals much about investor appetite across different segments. The IPO was overall subscribed 83.70 times, illustrating a strong demand.
| Investor Category | Subscription Rate |
|---|---|
| Retail Investors | 98.93 times |
| Qualified Institutional Buyers (QIB) | 26.56 times |
| Non-Institutional Investors (NII) | 124.72 times |
The overwhelming response, especially from Non-Institutional Investors, indicates strong belief in United Heat Transfer’s growth potential.
Checking Allotment Status Online
Investors eager to learn about their allotment status can easily check online. Here’s a step-by-step guide:
- Visit the IPO Registrar Website: Go to the Link Intime IPO Page.
- Select Company: Choose ‘United Heat Transfer Limited’ from the dropdown list.
- Enter Details: Fill in your PAN, Application Number, or DP/Client ID.
- Submit: Click the ‘Search’ button to view your allotment status.
Additional Information
Once the allotment is finalized, shares are expected to be credited into the demat accounts of eligible applicants on October 28, 2024. Refunds for unsuccessful applicants will also be processed on this date, further streamlining the experience for investors.
Conclusion
The high demand for United Heat Transfer’s IPO and the robust Grey Market Premium paint an optimistic picture for investors. As the company moves closer to its expected listing date on October 29, 2024, many are keenly anticipating how the market will respond post-IPO.
With positive indicators like a strong subscription rate and a premium in the grey market, United Heat Transfer seems poised for a successful debut on the stock exchange.
FAQ
- When is the IPO allotment date for United Heat Transfer? The allotment date is October 25, 2024.
- What is the grey market premium (GMP) for this IPO? The current GMP is ₹20 per share.
- How can I check the IPO allotment status? You can check your status on the Link Intime website.
