On Friday, July 21, shares of the Service Care SME initial public offering (IPO) were allocated. The IPO registrar portal, Integrated Registry Management Services Private Ltd., allows investors who submitted applications for the offering to view the allotment status.
Through the basis of allotment, investors can determine if and how many shares they have been allocated.
On Wednesday, July 26, Service Care shares will begin trading on the NSE SME. Here is how to verify the status of your share allocation if you applied for them.
On the website of the IPO registrar, Integrated Registry Management Services Private Ltd., you can instantly check your allotment status if you have submitted an application for the offering.
1. How to check Service Care IPO Allotment Status on registrar’s website?
Step 1
– Log in to the registrar’s website – https://www.integratedindia.in/
Step 2
– From the drop-down menu bar, choose IPO Name ‘Service Care’.
Step 3
– From the PAN Number, Application Number, or DP ID options, choose one.
Step 4
– Add a PAN number, application number, or Demat account number as appropriate.
Step 5
– Go to the ‘Search’ button and click.
Step 6
– On the screen (mobile/desktop), you can look at the status of your Service Care IPO allotment.
2. How can one check Service Care IPO Allotment Status in Demat Account?
Step 1
– One can call the broker or sign in to their trading or Demat account.
Step 2
– Confirm whether the stock has been credited to your account.
Step 3
– The credited shares will appear in the Demat account if one has received the allotment.
3. How can one check the allotment status of Service Care IPO in bank account?
Step 1
– Log into the bank account you used to submit your Service Care IPO application.
Step 2
– Check the Balance Tab. If you were given the allotment, the money would be deducted. If you didn’t get your allotment, you’ll get your money back.
Step 3
– An SMS confirming your allocation will be sent to you.
On Tuesday, July 25, those who were awarded shares will get them in their Demat accounts. On Monday, July 24, the refunding process for those who did not receive shares will start.
Service Care IPO GMP Details
The GMP or grey market premium for Service Care is +5. According to topsharebrokers.com, this means that on Friday, Service Care’s shares were selling at a premium of 5 in the grey market.
The expected listing price of Service Care shares is 72 per share, which is 7.46% more expensive than the IPO price of 67, when taking into account the top end of the IPO price band and the present premium in the grey market.
Investors’ willingness to pay more than the issue price is indicated by the term “grey market premium.”
A fresh equity issue of up to 30.86 lakh shares for a maximum of 20.68 crore comprises the Service Care IPO, which is an initial public offering (IPO) for small and medium-sized businesses. The price range for the offering has been set by the company at 63-67 per share.
The proceeds from the transaction will be put to use by the company for general corporate needs and additional working capital requirements.
Swastika Investmart is the issue’s principal manager.
For the management of facilities and payrolls, Service Care Ltd offers integrated services. Engineering, education, manufacturing, infrastructure, government & banking, information technology, and healthcare are just a few of the industries it serves with services.
For the fiscal year that ended in January 2023, the company generated revenue of 132.17 crore and net profit of 3.02 crore.
