Latest news with #BSEIPO
India Today
30-05-2025
- Business
- India Today
Prostarm Info Systems IPO allotment: Step-by-step guide to check status
The allotment of shares for the Prostarm Info Systems initial public offering (IPO) will be finalised on Friday, May 30, following a strong response from investors during the three-day bidding window that ended on May 29. The public issue was subscribed nearly 100 times, showing high demand from all categories of Info Systems raised Rs 168 crore through a completely fresh issue of 1.60 crore equity shares. The IPO opened for subscription on May 27, 2025, and closed on May 29, price band for the IPO was fixed at Rs 105 per share. The minimum lot size for retail investors was 142 shares, requiring a minimum investment of Rs 13,490. However, most investors were advised to bid at the cut-off price to improve their chances of allotment, taking the application value to around Rs 14, small non-institutional investors (sNII), the minimum application size was 14 lots or 1,988 shares, amounting to Rs 2,08,740. For big non-institutional investors (bNII), the minimum was 68 lots or 9,656 shares, requiring an investment of Rs 10,13, STATUSThe Prostarm Info Systems IPO was subscribed 96.68 times in total. The qualified institutional buyers (QIB) category saw a strong response with 102.67 times subscription. The non-institutional investors (NII) category was subscribed 222.13 times, while the retail portion was subscribed 39.48 TO CHECK ALLOTMENT STATUSInvestors who applied for the IPO can check the allotment status online in two ways:Through BSE website:Go to the BSE IPO allotment status "Equity" as the issue "Prostarm Info Systems Limited" from the dropdown list under issue your application in your PAN the captcha as on "Search" to check your allotment KFin Technologies website:Visit the IPO status page on the KFin Technologies "Prostarm Info Systems Limited" from the your preferred method to check the status – Application Number, Demat Account Number, or PAN your application type (ASBA or Non-ASBA).Enter the required the on "Submit" to view your allotment AND EXPECTED LISTINGadvertisementThe grey market premium (GMP) has fallen in the past few trading sessions for the IPO. As of May 30, 2025, the last grey market premium (GMP) for Prostarm Info Systems IPO was Rs 20. Based on the upper price band of Rs 105 per share, the estimated listing price is Rs 125. This means investors can expect a listing gain of around 19.05% per share, if the GMP shares of Prostarm Info Systems are expected to list on both the BSE and NSE. The tentative listing date is Tuesday, June 3, who receive allotment will have their shares credited to their demat accounts before the listing date. Refunds for unallotted applications will also be processed shortly after the allotment is
Mint
21-05-2025
- Automotive
- Mint
Belrise Industries IPO subscribed 67% on Day 1; Check GMP, subscription status, other details
Belrise Industries IPO: Belrise Industries Limited's initial public offering (IPO) is a book-built issue offering investors a complete fresh issue of equity shares as the company aims to raise ₹ 2,150 crore from the Indian stock market. The autoparts manufacturer's initial public offering (IPO) opened for public issue on Wednesday, 21 May 2025 and is set to close on Friday, 23 May 2025. According to BSE IPO data, the stock market investors subscribed 67 per cent to the Belrise Industries IPO, coming in at a bid of 11,82,49,436 or more than 11.82 crore shares, out of the 17,70,58,824 shares on offer, as of the first date of public bidding. The Non-Institutional Investors (NII) segment witnessed the highest bidding on the first day as the investors subscribed 1.44 times the shares on offer. The NIIs bid for 5,44,94,812 or 5.44 crore shares, compared to the 3,79,41,177 shares on offer for the segment. Retail investors followed the NII cue, coming in at 48 per cent subscriptions at 4,26,38,594 equity shares, compared to the 8,85,29,412 shares on offer for the segment. The Qualified Institutional Buyers (QIBs) segment witnessed 42 per cent booking at 2,11,16,030 shares, compared to the 5,05,88,235 shares on offer. (This is a developing story. Please check back for updates.)
