EMA Partners IPO, an SME issue, opened for subscription from January 17 to January 21. The issue, now after its completion of the three-day bidding, is likely to finalise the allotment of the shares today, January 22.
Investors who have participated in the IPO can check the allotment status online through platforms such as NSE or the registrar, Bigshare Services.
Here’s how to check the allotment status – Via BSE
- Visit the NSE website.
- Go to the “Application Status” page.
- Choose the option “Equity and SME IPO bid details.”
- Select EMA Partners India Ltd from the dropdown list of companies.
- Enter your IPO application number or PAN details.
- Click the “Submit” button to view the allotment details.
Also Read: Denta Water IPO GMP zooms over 56%: Know what are the risks of IPO before you subscribe
– Via Bigshare Services
- Go to the Bigshare Services website.
- Log in using your credentials.
- Select EMA Partners IPO from the list of companies.
- Choose one of the options to search: PAN Number/Beneficiary ID/Application Number/CAF Number.
- Click on “Search” to check your allotment status.
EMA Partners IPO: GMP
The EMA Partners IPO has created a stir among investors at the initial phase of its bidding by surging over 96%. However, as per the latest update, the shares are trading at a premium of 48%
In the grey market, EMA Partners shares are currently trading at a premium of Rs 60, which is nearly 48.39% higher than the IPO’s upper price band of Rs 124. This suggests a potential listing price of Rs 184 per share. However, investors should note that grey market premiums are unofficial and can fluctuate based on sentiment and expectations.
EMA Partners IPO: Key highlights
The Rs 76.01 crore IPO which opened for bidding on January 17 and scheduled to close on January 21, includes a fresh issue of 53.34 lakh shares worth Rs 66.14 crore and an OFS of 7.96 lakh shares totaling to a sum of Rs 9.87 crore.
Furthermore, the price band for the this SME issue is set between the range of Rs 117 to Rs 124 per share.
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