Grill Splendour Services Limited’s IPO allotment date is set for today, Friday, April 19. Investors who applied for the IPO can check their allotment status on the registrar’s portal, Bigshare Services Pvt Ltd.
To ascertain whether and how many shares they have been allocated, investors can refer to the basis of allotment. The number of shares allotted will also be displayed in the IPO allocation status. For those who applied but did not receive shares, the refund process will commence, and the allotted shares will be credited to their demat accounts.
On Monday, April 22, the shares allotted will be credited to the demat accounts of investors. The refund process will also begin on Monday once the allocation is finalized.
Grill Splendour Services IPO is scheduled to be listed on Tuesday, April 23, on the NSE SME platform.
If you have applied for the IPO, you can check the allotment status immediately on the website of the IPO registrar, Bigshare Services Pvt Ltd, using the following steps:
- Visit the direct Bigshare link: https://ipo.bigshareonline.com/ipo_status.html
- Click on “Grill Splendour Services IPO” under the company name field.
- Choose “PAN Number, Beneficiary ID, or Application No./CAF No.”
- Click “Search” to view your IPO allotment status.
Additionally, Grill Splendour Services IPO’s grey market premium (GMP) today stands at +8. This indicates that the shares are trading at a premium of ₹8 in the grey market. It is anticipated that the shares will list at ₹128 per share, which is 6.67% higher than the IPO price of ₹120, considering the top end of the IPO pricing range and the current premium in the grey market.
The IPO GMP reflects investors’ willingness to pay more than the issue price and suggests a strong listing based on the grey market’s activity over the last 12 sessions.
Disclaimer: It is advisable for investors to consult certified experts before making any investment decisions.
