Shriram Properties IPO share allotment status: Check online today at BSE; know GMP

Shriram Properties, the south India-based mid-market and affordable housing developer, will finalise the final allotment of its initial public offering (IPO) today, that is December 15. The Shriram Properties IPO raised ₹600 during the three day long public offering from December 8 to December 10. Investors who have subscribed to the issue and want to check the Shriram Properties IPO share allotment status can do so online at the BSE website or at the official registrar of the company's IPO, which is KFintech Private Limited. Shriram Properties IPO GMP (grey market premium) is ruling at over ₹16, market experts are saying.

Shriram Properties' initial public offering got a healthy response from the bidders as it has been oversubscribed to 4.60 times. The retail investors subscribed 12.72 times higher from the initial bidding offer, whereas the non-institutional investors portion was subscribed 4.82 times. The qualified institutional buyers portion was subscribed 1.85 times in the initial offering. The price range for the public issue was ₹113-118. Here's how to check online the Shriram Properties IPO share allotment status.

Shriram Properties IPO share allotment status on BSE

The bidders who have subscribed to the Shriram Properties IPO can check the status directly through this link - bseindia.com/investors/appli_check.aspx and can look at the steps provided here.

Step 1 - Go to BSE website through the link -bseindia.com/investors/appli_check.aspx

Step 2 - Under issue type, select Equity

Step 3 - Select issue name 'Shriram Properties' from the drop down menu

Step 4 - Enter your Application number and PAN card number in the given box

Step 5 - Confirm 'I'm not a robot' captcha and tap 'Search'

Shriram Properties IPO allotment status on KFintech

Once the share allotment of the Shriram Properties will be announced, you can check the application status via the official registrar website of the company. Here is the step by step guide to check the status.

Step 1 - Go to the Kfintech website via link - kprism.kfintech.com/ipostatus

Step 2 - Select Shriram Properties in IPO type under drop down menu option

Step 3 - Select any one option from Application number, Client ID or PAN number. On the basis of what you choose, further options will be changed.

Step 4 - Enter the required information asked on the basis of your chosen preference in the previous step.

Step 5 - Enter captcha and tap on ‘Submit’

Your allotment status for the Shriram Properties IPO will be shown on your screens.

Successful investors will get shares in their demat accounts on December 17 once the allotment will be finalised today, while the unlucky bidder will receive refunds on December 16. The company is expected to listed on the BSE and the National Stock Exchange (NSE) on December 22.