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Exicom Tele-Systems IPO allotment to be made today; guide to check the status

Exicom Tele-Systems IPO allotment to be made today; guide to check the status
Image Source: Mint
Finalization of the Exicom Tele-Systems IPO share allotment is scheduled on Friday, March 1. Through the Exicom Tele-Systems IPO registrar portal, Link Intime India Private Ltd., investors who applied for the issuance can monitor the status of their allotment. Tuesday, February 27, marked the start of the Exicom Tele-Systems initial public offering (IPO), which ended on Thursday, February 29. On day three of the Exicom Tele-Systems IPO, the subscription status was 129.54 times. Retail investors responded to the offer with enormous interest; on the third day, the retail portion subscription reached 119.59 times.

On Monday, March 4, the reimbursement process for those who were not awarded shares will begin. On Monday, the shares allocated to them will be deposited into their demat accounts. Tuesday, March 5th is the IPO listing day.

Guide to keep a track of IPO allotment on the official Registrar site

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Step 1

Go to the Link Intime India Private Ltd. website, which is the IPO registrar.

Step 2

Select the IPO from the dropbox; its name will only be added after the allocation is finished.

Step 3

To view the status, select the Application No., Demat Account, or PAN option.

Step 4

Select the application type and choose between ASBA and non-ASBA.

Step 5

Add the details for the mode you selected in Step 2.

Step 6

Check the captcha and enter it likewise.

Guide to check the allotment on BSE

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Step 1

Go to the Exicom Tele-Systems IPO allotment status check online page on the official BSE website.
https://www.bseindia.com/investors/appli_check.aspx

Step 2

Choose ‘Equity’ under ‘Issue Type’.

Step 3

‘Issue Name’ has a drop-down menu; select the IPO.

Step 4

Put in your application number or PAN.

Step 5

Press ‘I am not a Robot’ to verify your identity, and then press ‘Submit’.

Guide to check allotment on NSE

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Step 1

Go to Exicom Tele-Systems’ IPO allotment status check online NSE on the NSE’s official website.
https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp

Step 2

One needs to register with PAN by clicking the ‘Click here to sign up’ option on the NSE website.

Step 3

Put in your password, user name, and captcha code.

Step 4

On the next page that opens, check the status of your IPO allotment.

Today’s standing

The grey market premium, or IPO GMP, for Exicom Tele-Systems is +151. According to investorgain.com, this shows that the price of Exicom Tele-Systems shares was selling at a premium of ₹151 on the black market.

The Exicom Tele-Systems IPO projected listing price is suggested at ₹293 apiece, which is 106.34% higher than the IPO price of ₹142, taking into account the upper end of the IPO pricing band and the existing premium on the grey market.

Sneha Sengupta

Entertainment and Lifestyle news writer at MangoBunch.in