Srigee DLM IPO: How to check allotment status, listing date, and key details

Investors who applied for the Srigee DLM IPO can soon check their allotment status, with the allotment expected to be finalized on May 8. Those who have subscribed can verify their allotment status through the official website of the registrar, Bigshare Services, or directly via the BSE website.

The IPO, which was open for subscription from May 5 to May 7, saw robust demand, being subscribed just over 400 times overall. The retail portion was subscribed 243 times, the non-institutional investor (NII) category 1534 times, and the qualified institutional buyer (QIB) segment 130 times, reflecting strong investor interest across categories.

Once the allotment is finalized, shares will be credited to successful bidders’ demat accounts by May 9, while refunds for unallotted investors will be processed on the same day. Srigee DLM is expected to make its market debut on the BSE SME platform on May 12.

How to Check Srigee DLM IPO Allotment Status on BSE:

Visit the BSE website at https://www.bseindia.com/investors/appli_check.aspx.

Select ‘Srigee DLM’ from the dropdown menu.

Enter your application number or PAN to access the allotment status.

How to Check Allotment via Bigshare Services:

Go to the registrar’s website at https://ipo.bigshareonline.com/ipo_status.html.

Choose ‘Srigee DLM IPO’ from the list.

Enter your PAN or application number and click ‘Search’.

Srigee DLM IPO Details:

The IPO was well-received in the grey market, with a GMP of ₹30, suggesting a potential listing price of around Rs 129 per share, which is a premium of 30.3% over the issue price.

The Rs 16.98 crore IPO was a complete fresh issue of 17.15 lakh shares, priced between Rs 94 and Rs 99 per share. The proceeds are earmarked for setting up a manufacturing facility in Gautam Budh Nagar, Uttar Pradesh, purchasing machinery, and meeting general corporate expenses.

Srigee DLM is engaged in design-led manufacturing, specializing in plastic injection moulding, tool room and die manufacturing, mobile phone sub-assembly, and polymer compounding. Its clients include players in consumer durables, home appliances, automotive components, and electronics sectors.

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