Sona Comstar IPO share allotment: Examine standing on-line, gray market premium; share to be listed on June 24


Analysts anticipate as much as 25 per cent itemizing beneficial properties 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 occasions on the ultimate day of the bidding. The problem 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 had 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, based on the individuals who deal in shares of unlisted corporations. Analysts anticipate as much as 25 per cent itemizing beneficial properties 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 could open with a 15-25 premium on the itemizing day on the again of robust fundamentals, easing of state lockdowns, and constructive sentiment in Indian markets, mentioned AR Ramachandran, Co-founder & Coach, Tips2Trades. “Allotted traders ought to ebook partial earnings on itemizing day and re-enter after a correction of at the least 10-15 per cent for higher returns in the long run,” Ramachandran advised Monetary Specific On-line.

How you can examine Sona BLV Precision Forgings (Sona Comstar) share allotment standing through registrar’s web site

Traders can examine 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 kind 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 possibility field was chosen, enter the everlasting account quantity. Within the final step, enter the given captcha and click on submit. It will present the variety of shares which were utilized and allotted to the investor.

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

The allotment standing in Sona Comstar will also be checked by means of the BSE web site (https://www.bseindia.com/traders/appli_check.aspx). From this hyperlink, choose the difficulty kind as ‘fairness’, and ‘Sona BLV Precision Forgings Ltd’ as the difficulty kind from the drop-down record, 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 Specific On-line doesn’t bear any accountability for his or her funding recommendation. Capital markets investments are topic to guidelines and rules. Please seek the advice of your funding advisor earlier than investing.)

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