Today, on Monday, May 13, the allotment status of the TBO Tek IPO will be determined, with investors able to check their allotment status on the registrar’s portal, Kfin Technologies Ltd. The IPO subscription, which opened on Wednesday, May 8, and closed on Friday, May 10, witnessed significant oversubscription, with retail investors subscribing 25.74 times and non-institutional investors (NIIs) subscribing 50.60 times. The overall subscription status reached 86.70 times by the end of the third day.
Investors who receive shares will find them credited to their demat accounts, while those who do not will begin the refund process starting Tuesday, May 14. The listing date for the TBO Tek IPO is scheduled for Wednesday, May 15.
To check the IPO allotment status online, investors can visit the registrar’s website. Additionally, they can use the BSE or NSE official websites for this purpose. The grey market premium (GMP) for TBO Tek IPO is currently at +508, indicating strong demand, with expectations of the listing price to be around ₹1,428 per share, a significant premium over the IPO price of ₹920.
Disclaimer: Investors are advised to consult certified experts before making any investment decisions.
