New Swan Multitech IPO allotment to be finalised today. Check status, GMP, listing date and other details

The share allotment for the SME IPO of New Swan Multitech will be finalised today. Investors will get shares on a lottery basis and the whole process was supervised by the registrar.

On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. They can check the allotment status through the BSE or by visiting the registrar's website. Here's how you can check the status on BSE.

The allotment status can also be checked by visiting the official website of the registrar to the issue which is Bigshare Services in this case.


Step 1: Visit the IPO Allotment Status page on Bigshare Services website (https://applyeipo.hemsecurities.com/)

Step 2: Select IPO from the dropdown

Step 3: Put Application number and enter captcha and 'Submit'.

The SME IPO of New Swan Multitech was subscribed 380 times at close. The category reserved for retail investors was subscribed 388 times and the NII portion was booked 730 times.

New Swan Multitech GMP

The company's shares are trading with a premium of Rs 50 in the unlisted market. The shares will likely get listed on January 18. The IPO is priced at Rs 62-66 apiece.

The net proceeds from the public offer will be used for funding capital expenditure towards purchase of machinery, repayment of borrowings, and working capital requirements.

The company is an engineering-led manufacturer of complex and critical precision engineered components and parts used in the automotive sector and agricultural implements designed to meet the diverse needs of modern farming.

The IPO was entirely a fresh equity issue of 50.16 and through the issue, the company plans to raise Rs 33.11 crore.

For the fiscal year 2023, the company clocked total income of Rs 151.4 crore and net profit of Rs 9.9 crore.

Hem Securities and Share India Capital were the lead managers to the issue and Bigshare Services was the registrar.

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