Priyanka Tiwari
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Suspense crime, Digital Desk : The wait is nearly over for investors who participated in the highly successful Initial Public Offering (IPO) of Sambhav Steel Tubes. The allotment of shares for the public issue is scheduled to be finalized today, June 30.
The IPO, which was open for subscription from June 21 to June 26, received a strong response from investors. Overall, the issue was oversubscribed by a remarkable 10.59 times. The demand was particularly high in the retail investor category, which was oversubscribed by an impressive 16.14 times.
The company aimed to raise ₹6.13 crore through the fresh issue of shares, with a fixed price of ₹140 per share.
Investors can now check if they have been allotted shares through two primary methods: on the official registrar's website or the BSE website.
How to Check Allotment Status via the Registrar (Bigshare Services)
Bigshare Services Pvt Ltd is the official registrar for the Sambhav Steel Tubes IPO.
- Go to the Bigshare Services IPO allotment status page.
- From the dropdown menu, select "Sambhav Steel Tubes Limited."
- Choose one of the three options to check your status: Application Number, Beneficiary ID, or PAN Card number.
- Enter the relevant details based on your selection.
- Complete the CAPTCHA verification to prove you are not a robot.
- Click the "Search" button to view your allotment status.
How to Check Allotment Status on the BSE Website
You can also check your allotment status directly on the Bombay Stock Exchange (BSE) website.
- Visit the BSE's official allotment status page: https://www.bseindia.com/investors/appli_check.aspx.
- Under 'Issue Type', select "Equity."
- From the 'Issue Name' dropdown menu, choose "Sambhav Steel Tubes Limited."
- Enter your IPO Application Number.
- Enter your Permanent Account Number (PAN).
- Complete the "I'm not a robot" verification.
- Click the "Search" button to see the results.
Once the allotment is confirmed, the next step will be the listing of the company's shares on the stock exchange. Given the strong subscription figures, the market will be keenly watching its trading debut.
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