Simca Advertising's IPO Allotment Status in Limelight: Know the Latest GMP and 6-Step Verification Process

Simca Advertising IPO Allotment Status Finalized Today

Simca Advertising, a prominent advertising firm, is set to finalize the allotment status of its Initial Public Offering (IPO) today, Wednesday, 13 May. The company's IPO, which opened for subscription on Friday, 8 May and closed on Tuesday, 12 May, has garnered significant interest from investors.

According to market experts, the existing Grey Market Premium (GMP) for Simca Advertising shares stands at ₹9, indicating a downward trend over the last ten sessions of grey market activity. The GMP has ranged from ₹0.00 to ₹30, with the current premium reflecting a 4.92% increase over the IPO price of ₹183.

The Simca Advertising IPO received an overwhelming response from investors, with a subscription status of 80.88 times on day 3. The issue received overall positive demand from the Street, with individuals who invested able to review the basis of allotment to find out whether they have been granted shares and the quantity received.

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For applicants who did not receive shares, the company will initiate the refund process, with the refund process beginning on Thursday, 14 May. Those allotted shares will be credited to their demat accounts on the same day.

Simca Advertising IPO Listing Date Scheduled for Friday, 15 May

The listing date for Simca Advertising shares is scheduled for Friday, 15 May. Investors who have applied for the IPO can check their allotment status on the website of the IPO registrar, MUFG Intime India Private Ltd, using the following steps:

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Alternatively, investors can check their allotment status on the National Stock Exchange (NSE) website at https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp.

How to Check Simca Advertising IPO Allotment Status

Step 1: Visit the IPO registrar's website or the NSE website.

Step 2: Select the IPO from the dropdown menu.

Step 3: Choose one of the three available methods to check the status: Application Number, Demat Account, or PAN.

Step 4: Select either ASBA or non-ASBA as the application type.

Step 5: Provide the required information based on the method chosen.

Step 6: Complete the captcha and click on submit.