Nexxus Petro Industries IPO Allotment Updates
The highly anticipated Nexxus Petro Industries Initial Public Offering (IPO) share allotment is set to be finalized today, on Tuesday, October 1. Investors who submitted applications for the IPO can easily verify their allotment status via the registrar’s portal, managed by Kfin Technologies Ltd. The IPO opened for public subscription on Thursday, September 26, and closed on Monday, September 30. Remarkably, the Nexxus Petro Industries IPO saw a robust subscription rate, with final figures indicating a subscription status of 8.44 times on the last day of bidding according to data sourced from chittorgarh.com.
Understanding the Allotment Process
Investors delving into the allocation process can determine if they have successfully been allotted shares, as well as the exact number of shares awarded to them. The allotment status will reflect how many shares each applicant receives. For those who do not receive shares, the company will promptly initiate the refund process. It is important to note that shares allocated to successful applicants will be credited directly to their respective demat accounts.
Refund and Credit Timeline
The initiation of the refund process for applicants who were not allotted shares will begin on Thursday, October 3. Meanwhile, those who have successfully received shares can expect them to be credited to their demat accounts on the same day.
Nexxus Petro Industries IPO Listing Date
The Nexxus Petro Industries IPO is slated for listing on the stock exchange on Friday, October 4, which marks an important milestone for the company and its investors in the capital market.
How to Check Your Allotment Status
If you participated in the Nexxus Petro Industries IPO, you can conveniently check your allotment status online through the registrar’s portal, Kfin Technologies Ltd.
Allotment Check Link
To check your IPO allotment status, you can visit the official allotment page of the registrar’s portal.
Step-by-Step Guide to Check Allotment Status
Step 1:
Click on the allotment link mentioned above. You will see multiple links for accessing your allotment status.
Step 2:
Choose the Nexxus Petro Industries IPO from the dropdown menu in the “Select IPO” section.
Step 3:
Select your preferred method to check the status, either via PAN, Demat Account, or Application Number.
Step 4:
If you choose the Application Number option, enter the required captcha code following the application number and click “Submit.”
Demat Account Option
When selecting the Demat Account option, input the captcha code along with your account information, then click “Submit.”
PAN Option
For checking via PAN, enter the captcha along with your PAN number and then click “Submit.”
Checking Allotment Status on BSE
Step 1:
Visit the allotment page of the official BSE website to check your status.
Step 2:
Select ‘Equity’ under ‘Issue Type’ on the BSE allotment page.
Step 3:
From the dropdown menu, select ‘Issue Name’ relevant to the Nexxus Petro Industries IPO.
Step 4:
Enter your application number or PAN to check your allotment status.
Nexxus Petro Industries IPO GMP
The current Grey Market Premium (GMP) for the Nexxus Petro Industries IPO stands at ₹0, indicating that shares are trading at their issue price of ₹105 without any premium or discount in the grey market, as noted by Investorgain.com.
Understanding Grey Market Premium
The grey market premium reflects investors’ willingness to pay beyond the IPO’s issue price. In this case, a GMP of ₹0 suggests that market sentiments are neutral regarding Nexxus Petro Industries’ share valuation before listing.
Disclaimer: The views and recommendations expressed in this article are based on the insights of various analysts and industry experts. Investors should conduct their own research and consult with certified professionals before making any investment decisions.
