Thaai Casting IPO: How To Check Allotment Status? Know GMP Today, Listing Date

The share allotment of the Thaai Casting IPO, which was open for subscription between February 15 and 20, has been finalised. Investors can check their allotment status on registrar Purva Sharegistry’s website. The IPO is going to be listed on the NSE SME on Friday, February 23, and the GMP is suggesting a huge gain on the listing day.

The Rs 47.20-crore SME IPO received a whopping 375.43 times subscription, garnering bids for 1,51,97,39,200 shares as against 40,48,000 shares on offer. The retail category received 355.66 times subscription and the non-institutional quota got 729.72 times subscription. The qualified institutional buyer (QIB) category received 144.43 times subscription.

Thaai Casting IPO GMP Today

According to market observers, unlisted shares of automotive ancillary company Thaai Casting Ltd are trading Rs 80 higher in the grey market as compared with its issue price. The Rs 80 grey market premium or GMP means the grey market is expecting a 103.9 per cent listing gain from the public issue. The GMP is based on market sentiments and keeps changing.

‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.

Thaai Casting IPO: How to Check Allotment Status

Investors can now check their IPO allotment here:

Step 1: Visit https://www.purvashare.com/investor-service/ipo-query

Step 2: Select the company ‘Thaai Casting Ltd’

Step 3: Enter ‘PAN Number’ or ‘Application Number’.

Step 5: Enter ‘Search’ button.

You will now get the status of your IPO allotment.

Thaai Casting IPO Details

Thaai Casting IPO was entirely a fresh issue of 61.3 lakh shares. The price band of the IPO was fixed at Rs 73 to Rs 77 per share. The minimum lot size for an application was 1,600 shares.

The minimum amount of investment required by retail investors was Rs 1,23,200. The minimum lot size investment for HNI was 2 lots (3,200 shares) amounting to Rs 2,46,400.

GYR Capital Advisors Private Limited is the book running lead manager of the Thaai Casting IPO, while Purva Sharegistry India Pvt Ltd is the registrar for the issue. The market maker for Thaai Casting IPO are Giriraj Stock Broking and Commodity Mandi.