The AIK Pipes And Polymers Ltd’s initial public offering (IPO) concluded on December 28 with a robust subscription. Investors are now eagerly awaiting the allotment status, which is anticipated to be finalized on December 29. The IPO, valued at ₹15.02 crore, consisted entirely of a fresh issue of 16.88 lakh shares priced at ₹89 per share.
AIK Pipes IPO allotment is expected to be officially announced today, with the shares set to be listed on BSE SME on January 2, 2024. Investors can check the AIK Pipes And Polymers IPO allotment status on the IPO registrar’s website and the BSE website. Skyline Financial Services Pvt Ltd is the designated registrar for the AIK Pipes IPO.
The refund process for the application money will be initiated for investors who have not been allotted shares. Those whose bids were accepted will have AIK Pipes And Polymers shares credited to their demat accounts.
To check the AIK Pipes And Polymers IPO allotment status on Skyline Financial Services’ website, investors can follow these steps:
1. Visit the registrar Skyline Financial Services’ website: [Skyline Financial Services](https://www.skylinerta.com/ipo.php)
2. Select the company name “AIK Pipes And Polymers” from the “Select Company” dropbox.
3. Enter DPID/Client ID or Application Number or PAN.
4. Click on the ‘Search’ button to view the allotment status.
Additionally, the AIK Pipes IPO allotment status can be checked on the BSE website by following these steps:
1. Visit the allotment page on BSE’s official website: [BSE Allotment Page](https://www.bseindia.com/investors/appli_check.aspx)
2. Under ‘Issue Type,’ select ‘Equity.’
3. Choose the IPO from the drop-down option under ‘Issue Name.’
4. Enter PAN or application number.
5. Click on ‘I am not a Robot’ to confirm identity, then click ‘Submit’ to view the allotment status.
As of the latest update, the grey market premium (GMP) for AIK Pipes And Polymers IPO today is ₹9 per share, indicating that the shares are trading ₹9 higher than their IPO price in the grey market.
Considering the GMP and the issue price, the estimated listing price for AIK Pipes And Polymers shares is ₹98 per share, representing a 10.11% premium over the IPO price of ₹89 per share. The IPO received overwhelming subscription, with an overall subscription of 43.57 times, including 30.93 times in the retail category and 52.17 times in the Other category.
