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The allotment for the Three M Paper IPO will be finalized today, with the subscription status reaching 171.33 times. Investors can check their allotment status and the number of shares granted. The listing is scheduled on the BSE SME on July 22.
The allotment of shares for the Three M Paper Boards IPO will be finalized today, Thursday, July 18. Investors who applied can verify their status on Bigshare Services Pvt Ltd's portal. The IPO saw a subscription rate of 171.33 times by the end of the bidding period on Tuesday, July 16.
Investors can check the basis of allotment to determine the number of shares they have been allotted. The shares will be credited to the demat accounts of successful applicants on Friday, July 19, and the refund process for those who were not allotted shares will also commence on the same day.
The Three M Paper IPO is set to list on the BSE SME on Monday, July 22. The Grey Market Premium (GMP) for Three M Paper IPO is currently +40, indicating that shares are trading at a premium of ₹40 in the grey market. Based on the IPO price band and the current premium, the estimated listing price is ₹109 per share, a 57.97% increase from the IPO price of ₹69.
The 'grey market premium' shows investors' willingness to pay more than the IPO price.
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