Sona Comstar IPO share allotment: Check status online, grey market premium; shares to be listed on June 24

Analysts count on as much as 25 per cent itemizing positive aspects in Sona Comstar on debut day.

Sona BLV Precision Forgings (Sona Comstar) is predicted to announce the IPO share allotment on June 21, 2021. The Rs 5,550-crore challenge was subscribed 2.28 instances on the ultimate day of the bidding. The difficulty obtained bids for twenty-four.43 crore shares of the corporate, out of a complete challenge of 10.71 crore. Within the gray market on Friday, Sona Comstar shares have been seen buying and selling at Rs 294.5 apiece, implying a premium of 1.2 per cent Rs 3.5 per cent over the IPO worth of Rs 291, in keeping with the individuals who deal in shares of unlisted corporations. Analysts count on as much as 25 per cent itemizing positive aspects on debut day.

The initiation of refunds or unblocking of funds from ASBA accounts will happen on June 22, 2021. Whereas the fairness shares will likely be credited to depository accounts on June 23, 2021. Sona BLV Precision Forgings will make its inventory market debut on June 24, 2021. Sona Comstar inventory might open with a 15-25 premium on the itemizing day on the again of sturdy fundamentals, easing of state lockdowns, and constructive sentiment in Indian markets, stated AR Ramachandran, Co-founder & Coach, Tips2Trades. “Allotted buyers ought to guide partial income on itemizing day and re-enter after a correction of a minimum of 10-15 per cent for higher returns in the long run,” Ramachandran instructed Monetary Categorical On-line.

Methods to verify Sona BLV Precision Forgings (Sona Comstar) share allotment standing through registrar’s web site

Buyers can verify their IPO allotment standing in Sona Comstar on KFin Applied sciences web site underneath the IPO Standing part (https://ris.kfintech.com/ipostatus/) when it will get declared. After that, choose the IPO and enter both your software quantity or DPID/Consumer ID or PAN. Within the case of the applying quantity field, choose the applying sort and enter the applying quantity. If the DPID/Consumer ID field is chosen, choose the depository from the drop-down menu, enter DPIP, Consumer ID. If the PAN choice field was chosen, enter the everlasting account quantity. Within the final step, enter the given captcha and click on submit. This can present the variety of shares which were utilized and allotted to the investor.

Test Sona BLV Precision Forgings (Sona Comstar) share allotment standing through BSE web site

The allotment standing in Sona Comstar will also be checked via the BSE web site (https://www.bseindia.com/buyers/appli_check.aspx). From this hyperlink, choose the problem sort as ‘fairness’, and ‘Sona BLV Precision Forgings Ltd’ as the problem sort from the drop-down listing, when it will get declared. Enter software quantity and PAN (everlasting account quantity). Within the final step, click on on the search tab to view the standing particulars.

(The inventory suggestions on this story are by the respective analysis analysts and brokerage companies. Monetary Categorical On-line doesn’t bear any duty for his or her funding recommendation. Capital markets investments are topic to guidelines and laws. Please seek the advice of your funding advisor earlier than investing.)