The IPO of Shree Ram Twistex Ltd created strong buzz in the market this week. And the response from investors clearly shows it.
The Rs 110.24-crore mainboard IPO, priced at ₹104 per share, received massive demand on the final day of bidding.
Now that the allotment has been finalised, investors are eager to check whether they have received shares.
Here’s everything you need to know.
IPO Subscription: Massive Investor Demand
The IPO was subscribed 43.66 times overall by the end of bidding on Wednesday.
Investors placed bids for 46.28 crore shares, while only 1.06 crore shares were available.
That’s a huge gap between demand and supply.
Category-wise subscription numbers were even more striking:
Retail investors: 76.63 times
Non-Institutional Investors (NII): 220.30 times
Qualified Institutional Buyers (QIB): 3.94 times
The extremely high NII and retail participation shows strong interest from individual and high-net-worth investors.
What Does the Grey Market Indicate?
According to market observers, the unlisted shares are currently trading at ₹84 in the grey market.
This is about 19% below the IPO price of ₹104. In simple terms, this suggests a possible negative listing.
However, it’s important to remember that Grey Market Premium (GMP) is unofficial.
It is based on market sentiment and keeps changing daily.
It only reflects what some investors are willing to pay before listing.
The shares are scheduled to list on Monday, March 2.
IPO Allotment Finalised: How to Check Your Status
The allotment process has been completed.
If you applied for the IPO, you can check your allotment status online in three different ways.
1. Check via Registrar Website
The registrar for this IPO is Bigshare Services Pvt Ltd.
Steps to check:
Visit the Bigshare IPO status portal.
Select “Shree Ram Twistex” from the company list.
Choose your search option — Application Number, Demat Account, or PAN.
Enter the required details.
Click on Submit.
Your application status will appear on the screen.
2. Check via BSE Website
You can also check the allotment on the official website of BSE.
Steps:
Visit the BSE IPO allotment page.
Select “Equity” under Issue Type.
Choose “Shree Ram Twistex Limited” from the dropdown menu.
Enter your Application Number or PAN.
Complete the verification and click Search.
Your allotment details will be displayed instantly.
3. Check via NSE Website
Investors can also check IPO bid details on the official site of National Stock Exchange of India.
Simply visit the NSE IPO section and enter your required details to verify your application status.
What Should Investors Watch Now?
With strong subscription numbers but a weak grey market trend, listing day could be interesting.
If you received shares, keep an eye on market sentiment before taking a decision.
If you didn’t get allotment, the refund process will begin shortly as per the IPO schedule.
Now, all eyes are on March 2 — the big listing day.
