Usha Financial Services has successfully completed its IPO, revealing robust interest among investors amidst fluctuating market conditions. The IPO attracted a staggering overall subscription rate of 19 times, indicating strong demand for shares. This ₹98.45 crore SME IPO opened for subscription on October 24 and closed on October 28, with shares set to list on October 31.
| Table of Contents |
|---|
| Grey Market Premium and Listing Price |
| Share Allotment Process |
| How to Check Allotment Status Online |
| Conclusion |
| FAQ |
Grey Market Premium and Listing Price
The last grey market premium (GMP) for the Usha Financial Services IPO was reported at ₹10, leading to an anticipated listing price of ₹178. This represents a 5.95% premium over the IPO price of ₹168. Such positive indications from the grey market highlight investor confidence in the company’s future performance and market reception.
Share Allotment Process
Investors can expect the share allotment for Usha Financial Services to be finalized on October 29. Successful bidders will see their shares credited to their demat accounts by October 30. For those keen to track their allotment status, it can be checked online, either through the registrar’s website or the official NSE website, which is crucial for investors looking to stay informed about their investments.
How to Check Allotment Status Online
For investors wanting to verify their IPO allotment status, the process is straightforward. Here’s how to check online:
- Visit the Skyline Financial Services Private Ltd website.
- Select Usha Financial Services IPO from the selection menu.
- Choose your mode of checking: PAN, demat account, or application number.
- Select your application type (ASBA or non-ASBA).
- Enter your application number, PAN, or Demat account number.
- Complete the captcha verification and submit to view your allotment status.
Alternatively, allotment status can also be accessed through the official NSE website using similar steps.
Conclusion
As Usha Financial Services gears up for its share market debut, investors are encouraged to consult certified experts before making any investment decisions. The expected listing price of ₹178 and the strong demand reflect a positive outlook for the company. Investors should keep themselves updated on the latest developments regarding this IPO and similar opportunities.
FAQ
Q: What was the subscription rate for the Usha Financial Services IPO?
A: The IPO was subscribed 19 times, indicating strong interest from investors.
Q: When will the shares of Usha Financial Services be credited to investor accounts?
A: Shares are expected to be credited to demat accounts on October 30.
Q: How can I check my IPO allotment status?
A: You can check your allotment status online through the Skyline Financial Services website or the NSE official website by entering the required details.
