Sona Machinery IPO’s share allotment is scheduled to be finalized today, March 11, 2024. Investors who applied for the IPO can check their allotment status on the registrar’s portal, Maashitla Securities Private Ltd.
The basis of allotment will reveal the number of shares allocated, and the refund process for non-allottees is set to commence on March 12. Those allotted shares will have them credited to their demat accounts on the same day. The IPO listing date is confirmed for March 13, 2024, on NSE SME.
To check the Sona Machinery IPO allotment status, investors can visit the registrar’s website: [Maashitla Securities Private Ltd](https://maashitla.com/allotment-status/public-issues).
Here’s a step-by-step guide:
**Step 1:** Click the provided link to access the Maashitla Securities Private Ltd website, the registrar for Sona Machinery IPO.
**Step 2:** The landing page will resemble the screenshot provided in the article.
**Step 3:** Select Sona Machinery IPO from the dropdown menu to view the online allocation status.
**Step 4:** Choose the company (Sona Machinery IPO) from the dropdown menu. The allotment status information will be available on the registrar’s website, likely by the end of the day.
**Step 5:** Check the allotment status using one of the following IDs:
– Income Tax PAN (permanent account number): Enter your 10-digit alphanumeric PAN number and click ‘Submit.’
– Application number or CAF number: Enter the application or CAF number and click ‘Search’ after entering the details as per the acknowledgement paper.
– Beneficiary ID: Enter the depository participant (DP) ID and client ID as a single string. Click ‘Submit’ to view the allotted shares.
Sona Machinery IPO’s Grey Market Premium (GMP) currently stands at +100, indicating a premium of ₹100 in the grey market. Considering the upper end of the IPO price band and the current premium, the estimated listing price for Sona Machinery shares is projected to be ₹243 apiece, marking a 69.93% increase over the IPO price of ₹143.
Based on the recent trends in the grey market, the GMP is on an upward trajectory, suggesting expectations of a robust listing. The lowest GMP observed is ₹25, while the highest is ₹115, according to analysts at investorgain.com. The Grey Market Premium reflects investors’ willingness to pay more than the issue price, and the positive trend indicates strong anticipation for the listing of Sona Machinery IPO.
