The Osel Devices IPO has been completely in the news lately! After opening for share allotment on September 16 and closing on September 19, it saw an amazing response, being subscribed a reached 194.24 times. Retail investors showed huge interest, subscribing 206.07 times, while non-institutional buyers went even further, subscribing 321.40 times.
Today, September 20, is the big day for those who applied, as the share allotment is anticipated to be completed. If you are one of the keen investors, you can check your allotment status online through Mas Services Limited.
Bidders will see the shares credited to their demat accounts by September 23, and those who did not get an allotment will receive refunds on the same day. The stock is set to make its debut on September 24 on the NSE SME platform.
The grey market premium (GMP) for Osel Devices shares is now ₹110, which hints at a listing price of estimated ₹270. This is quite a premium over the issue price of ₹160, suggesting an increase of 68.75%.
How to Check Osel Devices IPO Allotment Status
On Mas Services Limited Website:
- Visit the Mas Services Limited website.
- Click on the “IPO Allotment Status” link at the bottom left of the website.
- Select “Osel Devices Limited” from the dropdown menu.
- Enter your PAN number, application number, or DP ID/client ID.
- Tap on the “Search” button to view your allotment status.
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On NSE Website:
- Visit the NSE IPO allotment page.
- Register by clicking on the ‘Click here to sign up’ option and give your PAN.
- Enter your username, password, captcha code, or whatever is asked.
- Verify the status of your IPO allocation on the next page.
The IPO saw significant investor interest, with the subscription going 3.42 times on Day 1, 24.15 times on Day 2, and 43.96 times on Day 3. The strong demand, mainly from non-institutional buyers, means a positive market view towards Osel Devices.
For those who applied for the IPO, checking the allotment status is clear and can be done through the registrar’s or the NSE’s website. Given the strong GMP and subscription numbers, investors are waiting for the anticipated listing on September 24, 2024.
To learn more details, click here.
Disclaimer
The information provided here is for educational purposes only and does not constitute financial advice. Always conduct your own research or consult with a certified financial advisor before making investment decisions. The grey market premium (GMP) is speculative and does not guarantee future performance.