The allotment for the Wakefit Innovations IPO will be finalised on Thursday, and the company's…
Wakefit Innovations IPO allotment today: How to check status
What’s the story
The initial public offering (IPO) of Wakefit Innovations has attracted a lot of investor interest.
Now, all eyes are on the company’s IPO allotment date, which is likely to be today.
The IPO was open for subscription from December 8-10 and will be listed on both BSE and NSE on Monday, December 15.
Allotment process and refund details
Wakefit Innovations will soon finalize the IPO allotment status. Once the basis of allotment is finalized, shares will be credited to successful bidders’ demat accounts.
Refunds for unsuccessful applicants will be processed tomorrow.
Investors can check their IPO allotment status online through NSE, BSE or MUFG Intime India, the registrar for Wakefit Innovations’s IPO.
How to check IPO allotment status online
To check their IPO allotment status online, investors need to visit the BSE or NSE website and select ‘Equity’ or ‘Equity & SME IPO bid details.’
They then have to select ‘Wakefit Innovations’ from the Issue Name dropdown menu and enter their PAN and application number before clicking on ‘Submit.’
The same process can be followed on MUFG Intime’s web portal for checking allotment status, where investors can choose from application number, beneficiary ID, or PAN.
Wakefit Innovations GMP and subscription status
Wakefit Innovations stocks are muted in the gray market with an ipo gmp of ₹0 per share.
This suggests that the expected listing price of the share would be ₹195 apiece, which is same as the IPO price.
The company raised ₹1,288.89 crore through this issue, which included a fresh issue of 1.93 crore shares worth ₹377.18 crore, and an offer for sale of 4.68 crore shares worth ₹911.71 crore at a price band of ₹185-195 per stock.
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