BMW Ventures IPO allotment: How to check status online on NSE, BSE, Cameo Corporate Services; check listing date and time

BMW Ventures IPO allotment: The basis of allotment of BMW Ventures, a company engaged in marketing and distribution of steel products, is expected to be finalised on Monday, September 29. The bid finalisation details will be available on the websites of registrar Cameo Corporate Services, the NSE and the BSE.

The initial share sale was subscribed 1.50 times, with bids for 3,51,67,598 shares compared to 2,34,00,000 shares on offer, according to the NSE data.

The category for qualified institutional buyers, or QIBs, attracted 3.09 times subscription, and the part for non-institutional investors (NIIs) was booked 3.03 times. The retail investors' quota fetched 99% bidding.

The ₹231.66 crore initial public offering, which had set a price band of ₹94 to ₹99 per share, was a completely fresh issuance of 2.34 crore shares.

The net proceeds from the issue will be utilised for debt repayment and general corporate purposes.

BMW Ventures deals in the trading and distribution of steel products, tractor engines and spare parts. It is also into the manufacturing of PVC pipe and roll forming and fabrication of steel girders and pre-engineered buildings (PEB).

BMW Ventures IPO allotment date and time

BMW Ventures IPO allotment status will likely be finalised on Monday, September 29, by late evening.

BMW Ventures IPO allotment status online on NSE; check full steps

• Visit this URL: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Pick ‘Equity & SME IPO bid details’
• From the 'Select Symbol' list, pick 'BMWVENTLTD'
• Add PAN and application number
• Press the 'Submit' button

How to check BMW Ventures IPO allotment status online on BSE

• Head to BSE's IPO bid verification page at https://bseindia.com/investors/appli_check.aspx
• Choose the 'Equity' option
• Select 'BMW Ventures Ltd' from the IPO names
• Fill in your application number or PAN
• Hit the 'Search' button

Steps to check BMW Ventures IPO allotment status online on Cameo Corporate Services

• Open the IPO status page on the Cameo Corporate Services page at https://ipo.cameoindia.com/
• From three links, click on any one
• Choose 'BMW Ventures Ltd' from the dropdown list
• Enter either the application number or PAN
• After entering Captcha, click on 'Submit'

BMW Ventures IPO listing date and time

Shares of BMW Ventures Ltd will be listed on the NSE and the BSE on Wednesday, October 1, at 10 am.

BMW Ventures IPO GMP

According to investorgain.com and media reports, BMW Ventures' unlisted shares are trading at par with the upper price band of ₹99.