Recode Studios IPO Allotment Finalized Today: Check Your Status
Recode Studios IPO allotment to be finalised today. Latest GMP, step-by-step guide to check status
Mint
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The allotment for Recode Studios' IPO will be finalized today, May 8. Investors can check their allotment status on the Mudra RTA portal or the BSE website. The IPO was oversubscribed by 234.64 times, with a grey market premium indicating a potential listing price of ₹200 per share, 26.58% above the IPO price of ₹158.
- 01Recode Studios IPO allotment finalization is on May 8.
- 02The IPO was oversubscribed by 234.64 times.
- 03Estimated listing price is ₹200, 26.58% higher than the IPO price.
- 04Refunds for non-allocation will begin on May 11.
- 05Investors can check allotment status via Mudra RTA or BSE.
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The allotment for the Recode Studios Initial Public Offering (IPO) will be finalized today, May 8. Investors who applied can verify their allotment status through the Mudra RTA Ventures Private Ltd. portal. The IPO saw a remarkable subscription rate of 234.64 times on the third bidding day, indicating strong demand. The grey market premium (GMP) is currently at ₹42, suggesting an estimated listing price of ₹200 per share, which is 26.58% higher than the IPO price of ₹158. For those who are not allocated shares, the refund process will commence on May 11, while successfully allocated shares will be credited to investors' demat accounts on the same day. Investors can check their allotment status by visiting the Mudra RTA website or the BSE website, following specific steps to enter their identification details.
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The successful allocation of shares could lead to increased investment interest in Recode Studios, potentially benefiting investors financially as the shares are expected to list higher than the IPO price.
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