Updater Services IPO allotment – how to check allotment, GMP, listing date and more

• Updater Services will announce its share allotment status on Tuesday, October 3.
• The shares of Updater Services were subscribed 2.96 times.
• The shares are expected to be listed on the stock exchanges on October 9.

Chennai-based Updater Services, a provider of facility management services and business support services is expected to announce the allotment status of its initial public offering (IPO) on Tuesday, October 3.

The Updater Services IPO opened on September 25 and closed on September 27. The price band for the IPO was ₹280 to ₹300 per share.

Tepid subscription

On the last day, the Updater Services IPO was subscribed 2.96 times, receiving bids for 3.47 crore equity shares against 1.20 crore shares on offer.

While the qualified institutional buyer portion was subscribed 4.50 times, the non-institutional investors portion was subscribed 0.89 times. The retail portion witnessed decent participation and was subscribed 1.45 times.

Grey market premium

The shares of Updater Services are currently not commanding a grey market premium (GMP). GMP is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges.

Here’s how to check the IPO’s allotment status

You can check the allotment status on the registrar’s website.

• To check the Updater Services IPO allotment status, visit the registrar’s website here.
• Click on ‘Select Company’ and then select ‘Updater Services’.
• Now, enter your PAN, application number, DP / Client ID or Account number / IFSC.
• Now, enter the captcha.
• Click on submit.

You will be able to see your application status. It will display the number of shares that you have applied for and the number of shares that have been allotted to you.

You can also check the Updater Services IPO allotment status on the BSE and NSE websites.

To check the allotment status on BSE or NSE website:

• Go to the BSE website.
• On the website, click on 'Equity' and then select ‘Updater Services’ from the dropdown menu.
• Now, enter your application number and PAN.
• Click on 'Search'.

You will be able to see the number of shares allotted to you.

You can click here and log in to check your allotment status on NSE.

Updater Services IPO listing date

The shares of Updater Services will be listed on the stock exchanges on October 9.

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