Emmforce Autotech IPO allotment: steps to check allotment status online
Upstox
3 min read • Updated: April 26, 2024, 1:14 PM
Summary
The investors who participated in bidding can check the Emmforce Autotech IPO allotment status online through the BSE website and the portal of the registrar, Link Intime India Private Ltd.
Emmforce Autotech IPO allotment is likely to be finalised today, April 26, following a massive 339-time subscription led by strong demand across categories on the final day of bidding.
The ₹53.90-crore initial public offer of the automotive components manufacturer opened for public subscription on April 23 and closed on April 25.
Investors are now eagerly waiting for the company to finalise the basis of the allotment of the IPO shares. Once the allotment is done, successful bidders will be able to know the allotment status including the number of shares allocated against the quantity bid for.
Emmforce Autotech IPO allotment status can be checked online through the BSE's official website and the registrar portal. Link Intime India Private Ltd is serving as the registrar to the IPO.
Here’s a step-by-step guide to check IPO allotment status online through BSE and Link Intime India websites
Allotment status check on BSE website
- Go to official website of BSE - https://www.bseindia.com/.
- Select the issue type as 'Equity'.
- Select the issue name 'Emmforce Autotech' from the dropdown list.
- Enter IPO application number or PAN for verification.
- Select 'I'm not a robot' checkbox.
- Click on 'Search'.
- Allotment details will be shown on your screen.
How to check allotment status on registrar Link Intime India website?
- Go to registrar portal - linkintime.co.in.
- Click on 'Investor Services' section.
- Go to 'Public Issues' section.
- Select the issue name 'Emmforce Autotech' from the dropdown menu.
- If the name is not shown in the list, it means the company is yet to finalise the basis of allotment.
- To check status, enter PAN/IPO application number/DP/Client ID/bank account number/IFSC.
- Click the 'Submit' button.
Emmforce Autotech subscription, listing date and other details
Emmforce Autotech IPO was booked 339 times during its three-day bidding which ended on April 25. The issue received bids for 133.29 crore equity shares against the 39.33 lakh equity shares on offer for subscription, as per data on the BSE.
Non-institutional investors (high net worth individuals) bought their reserved portion 637.72 times, followed by retail investors who booked their quota of IPO shares 267.62 times. Qualified institutional investors placed bids 160.58 times the reserved portion.
Emmforce Autotech IPO shares will be listed on BSE SME platform, with its tentative listing date being fixed as April 30, 2024.
The IPO of Haryana-based company, which is into automotive drivetrain parts manufacturing, has only a fresh issue of 54.99 lakh equity shares. The company fixed the IPO price band for the shares at ₹93-98 per share with a minimum lot size of 1200 shares.
The company will use the IPO proceeds for the working capital needs and the rest of funds for general corporate purposes.