3C IT Solutions IPO: 3C IT Solutions & Telecoms (India) is set to finalize the share allotment on Monday, June 10, after witnessing strong subscription for its initial public offering (IPO).
The IPO, which opened for subscription on Tuesday, June 4, and closed on Friday, June 7, garnered significant interest from both retail and non-institutional investors (NIIs), with the issue being oversubscribed 20.21 times. Investors showed keen interest, bidding for 4,22,06,000 shares against 20,88,000 offered.
The retail portion of the issue, excluding the market maker portion, was oversubscribed 29.79 times, with bids received for 3,10,96,000 shares against 10,44,000 offered.
Shares of 3C IT Solutions are expected to debut on the BSE SME segment on Wednesday, June 12, 2024.
Investors who participated in the IPO can check the share allotment status online through the BSE website and the official portal of the IPO registrar, Skyline Financial Services Private Ltd. The company is scheduled to credit shares to the demat accounts of investors who received allotments on June 11, while refunds for unsuccessful bidders will also be initiated.
To check the IPO share allotment status:
- Visit the website of Skyline Financial Services Private Ltd and select “Public Issue” under the “Investors” tab.
- Choose the company’s name in the “Check Application Status” dropdown once the allotment status is finalized.
- Enter your DPID, Client ID, application number, or PAN number and search.
Alternatively, investors can check the IPO share allotment status on the BSE website by following the steps provided on the IPO application status check page.
