Mehul Telecom IPO Allotment Status to be Finalized Today: Details and Status Check Process

Mehul Telecom IPO Allotment Status to Be Finalized Today

The Mehul Telecom IPO share allotment process is set to conclude on Wednesday, April 22. Investors who had applied for the Mehul Telecom IPO can check the allotment status on the registrar's portal, Kfin Technologies Ltd. The Mehul Telecom IPO subscription status on the third bidding day stood at 44.91 times, according to chittorgarh.com.

To determine if they have been allocated shares and the respective amounts, investors can check the allocation guidelines. The total number of shares available is a key factor in assessing the IPO allotment status. For applicants who were not granted any shares, the company will initiate the refund process on Thursday, April 23. Those who were allocated shares will have them credited to their demat accounts on the same day.

The Mehul Telecom IPO listing date is scheduled for Friday, April 24. The grey market premium (GMP) for the Mehul Telecom IPO is currently at +3, indicating an estimated listing price of ₹101 per share, which is 3.06% higher than the IPO price of ₹98. Based on grey market trends over the last 13 sessions, the IPO GMP is on the rise and expected to have a robust listing.

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The lowest observed GMP is ₹0.00, while the highest recorded GMP stands at ₹5, according to analysts.

Checking Mehul Telecom IPO Allotment Status

To check the allotment status, investors can follow these steps:

1. Navigate to the Kfin Technologies Ltd website at https://ipostatus.kfintech.com/.
2. Choose one of the five different links to check the status.
3. Select "Mehul Telecom IPO" from the dropdown menu titled "Select IPO."
4. Input your PAN, Demat account number, or application number.
5. Follow the prompts to see the status.

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Alternatively, investors can check the allotment status on the BSE website:

1. Visit the allotment section on the official BSE website at https://www.bseindia.com/investors/appli_check.aspx.
2. Pick 'Equity' from the options listed under 'Issue Type.'
3. Select the 'Issue Name' from the dropdown list and indicate the specific IPO.
4. Enter your application number or PAN.