Xtranet Technologies IPO allotment to be finalised today. Here's GMP, how to check status | Stock Market News
Xtranet Technologies IPO allotment is set to be finalised on Tuesday, 28 July, after receiving stellar response from investors during the three-day subscription period.
The shares of Xtranet Technologies IPO is commanding a premium of ₹7.5 in the grey market, according to Investorgain. This means that the estimated listing price of Xtranet Technologies IPO is likely to be ₹134.5, which is 5.91% higher than the IPO price of ₹127.
Investors can check the allotment status to find out if they have been allotted shares and the number of shares they have received. Those who do not receive an allotment will have their application money refunded. Meanwhile, the allotted shares will be credited to the successful applicants' demat accounts.
The refund process for applicants who did not receive shares will begin on Wednesday, July 29. Investors allotted shares will have them credited to their demat accounts on the same day.
Investors can check their allotment status either on registrar's website KFin Technologies or on BSE and NSE website.
2. Choose Xtranet Technologies from the drop-down list.
3. Enter your PAN, application number, or DP/Client ID.
4. Click on Submit to check your IPO allotment status.
2. Select Equity under the Issue Type section.
3. Choose Xtranet Technologies from the drop-down list.
4. Enter your Application Number or PAN.
5. Complete the captcha verification and click Search to check your IPO allotment status.
2. Select Equity from the available options.
3. Choose Xtranet Technologies from the company list.
4. Enter your application number and PAN, then submit the details to view your allotment status.
Xtranet Technologies IPO was a fresh issue of 1.31 crore equity shares worth ₹166.8 crore, with no Offer for Sale (OFS). As the IPO comprised only newly issued shares, the entire proceeds from the issue went to the company.
The Xtranet Technologies IPO had opened for subscription on July 23 and closed on July 27. The company had fixed the price band at ₹120-127 per share, and its shares were proposed to be listed on the BSE and NSE, with the tentative listing date set for July 30.
For small non-institutional investors (sNIIs), the minimum application was 15 lots (1,650 shares), amounting to ₹2,09,550. Big non-institutional investors (bNIIs) were required to apply for at least 72 lots (7,920 shares), translating to a minimum investment of ₹10,05,840.
As per the allocation structure, up to 50% of the net issue was earmarked for Qualified Institutional Buyers (QIBs), at least 35% for Retail Individual Investors (RIIs), and at least 15% for Non-Institutional Investors (NIIs).
Share India Capital Services was the book-running lead manager for the IPO, while KFin Technologies was appointed as the registrar to the issue.
Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions.
Vaamanaa covers business and stock market news. Started in 2020, she has been producing news on digital platforms for over 4.5 years now. She writes on markets, commodities, IPOs, and industry. She has worked for news channels like Jagran New Media and Business Insider India. You can reach out to her at vaamanaa.sethi@htdigital.in.
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