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Silverstorm Parks & Resorts SME IPO allotment expected to finalize on July 29
The issue opened July 24 to 28, and after the basis of allotment is set on July 29, shares are slated to list on BSE SME on July 31.
Silverstorm Parks & Resorts is expected to have its SME IPO allotment finalized on July 29, with the company planning to list on the BSE SME platform on Friday, July 31. After allotment is determined, equity shares will be credited to successful bidders’ demat accounts, while refunds for applicants who do not receive an allotment are scheduled for July 30, according to LiveMint Markets.
Investors seeking the Silverstorm Parks & Resorts IPO allotment status can check online through the BSE website or the issue registrar, MUFG Intime. The article also notes that the registrar’s site can be used once the basis of allotment is completed.
The IPO, which was open for subscription from July 24 to July 28, carried a price band of ₹123 to ₹133 per equity share and is described as a 100% fresh issue of 0.62 crore shares. The company raised ₹82.43 crore, with no offer-for-sale component, and said it will use net proceeds for expansion, to reduce debt, and for general corporate requirements.
LiveMint Markets adds that the issue was subscribed 1.91 times by the end of Day 3, with retail at 1.41 times, NII at 3.19 times, and QIBs at 1.81 times. Bids were received for 80.74 lakh shares against 42.35 lakh shares on offer, while the grey market showed muted activity with GMP at ₹0 per share, implying an estimated listing around ₹133 per share.