Premium Plast IPO Allotment Expected Today – Step-by-Step Guide to Check Allotment Status Online

Premium Plast IPO Allocation: The award for Premium Plast’s IPO is expected to be finalized today. Investors can check the allotment status through the registrar, Bigshare Services or on the NSE website. The IPO, which was open for subscription from October 21 to 23, was well received by investors, with oversubscription 38 times.

Specifically, the retail investor segment was oversubscribed 65 times, while the non-institutional portion was oversubscribed 19.56 times. The QIB portion has also been booked 6.74 times, according to exchange data. The IPO price was set between ₹46 i ₹49 per share.

Given the high level of retail oversubscription, shares will be allocated to Retail Individual Investors (RIIs) on a pro rata basis. Those who do not receive an allocation can expect the repayment process to begin on October 25, 2024.

The allotted shares will be credited to the investors’ demat accounts on the same day of redemption. The SME IPO is expected to list on the NSE SME platform, with a tentative date of October 28, 2024.

The company plans to use the net proceeds of the offering for expansion of its existing manufacturing facility in Pithampur, Madhya Pradesh, purchase of machinery, financing of capital expenditure for the facility of a rooftop grid solar power plant at the current manufacturing facility, the prepayment or repayment of a portion of certain outstanding loans, which cover the general corporate purpose and expenses related to the offering of meetings

Here are the steps to check the award status online on the registry website:

As Bigshare Services is the registrar of the SME IPO, investors can check the allotment status online at the Bigshare Services website:

Step 1: Go to Registrar Bigshare Services Pvt Ltd website by clicking on this link: https://www.bigshareonline.com/ipo_Allotment.html

Step 2: Select any of the three servers on the Bigshare website to check the allocation status.

Step 3: Click on Company Selection and then from the drop down menu select the company name ‘Premium Plast’.

Step 4: Select from any of the following options as requested: Application Number, Demat Account or PAN Number.

Step 5: Enter details about the selected option.

Step 6: Press the Search button and don’t forget to enter the Captcha code.

On NSE website:

Open the IPO allotment page at https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp

Log in with your credentials.

Select Premium Plast., enter your PAN details and application number and click ‘Submit’.

About Premium Plast

The company is a Tier 1 (Tier 1 companies are companies that directly supply original equipment manufacturers in the automotive component group. It designs, manufactures and supplies exterior plastic components, interior cabin components and components under the hood for commercial vehicles). OEM directly.

The company manufactures a wide variety of injection molded and blow molded plastic items for a wide range of industries and applications. Its products widely include automotive parts, industrial plastic components and packaging components, which are offered to a wide range of industries.

Exemption from liability: The opinions and recommendations given in this article are those of the individual analysts. These do not represent the views of Mint. We advise investors to consult with certified experts before making any investment decisions.