Three M IPO Allotment Status

How to check Three M IPO allotment status

How to check the allotment status. Since this is a BSE-SME IPO, you can check the allotment status on the BSE website or on the registrar website. Remember, the BSE only offers allotment status update on its website for mainboard IPOs and for BSE SME IPOs. If you have applied for the IPO, you can either check your allotment status on the BSE website (being a BSE-SME IPO) or on the website of the IPO registrar, Bigshare Services Private Limited. You can also use a broker link; in case your broker is giving such a direct linkage. Here are the steps that you need to follow to check allotment status. Let us first see how to check allotment status on the BSE website.

How to check Three 3 Paper Boards IPO allotment status on BSE website

This is a facility available to mainboard IPOs and BSE SME IPOs. You can access the allotment status of Three M Paper Boards IPO on the website of BSE India as under. You can start by clicking on the link below or pasting it on the address bar.

https://www.bseindia.com/investors/appli_check.aspx 

Once you reach the page, here are the steps to follow.

• Under Issue Type – Select Equity Option
• Under Issue Name – Select Three M Paper Boards   from the drop down box
• Enter the Application Number exactly as in the acknowledgement slip
• Enter the PAN (10-digit alphanumeric) number
• Once this is done, you need to click on the Captcha to verify that you are not a robot
• Finally click on the Search Button

In the past, while checking the allotment status on the BSE website, it was necessary to input the PAN number and the application Number. However, now BSE has modified the requirements and it is sufficient if you enter any one of these parameters i.e., either the application / CAF number or the PAN number of the investor.

The allotment status will be displayed on the screen in front of you informing about the number of shares of Three M Paper Boards   allotted into your demat account. It is always advisable to save a screenshot of the allotment status output for subsequently verifying with the demat account credits on or after 19th July 2024. The stock of Three M Paper Boards  will appear in the demat account (if allotted) under ISIN Number (INE0UK501010).

Checking the Three M Paper Boards IPO allotment status on Bigshare Services

Visit the Bigshare Services registrar website for IPO status by clicking on the link below:

https://www.bigshareonline.com/ipo_Allotment.html

There are three things to remember. Firstly, you can just click on the hyper link given above and directly go to the allotment checking page. The second option, in case you are not able to click on the link, is to copy the link and paste in your web browser. Thirdly, there also a way to access this page via the home page of Bigshare Services Private Ltd by clicking on the IPO Allotment Status link displayed prominently on the home page. It all works the same, and leads you to the same landing page.

Once you enter the IPO allotment check landing page of Bigshare Services Private Ltd, you are given the choice to select from 3 servers viz. Server 1, Server 2, and Server 3. There is nothing to be confused, as these are just server backups in case one of the servers is experiencing too much traffic. You can select any of these 3 servers and in case you are finding problems accessing one of the servers, then try the other one. There is no difference, which server you select; the output would still be the same. This is just a method to share the server load during peak access times.

What to do, once you reach the landing page?

When you go to the landing page, you will have to select the name of the company first. This company dropdown list will only show the active IPOs, so once the allotment status is finalized, you can select Three M Paper Boards  from the dropdown box. The basis of allotment in this case will be finalized on 18th July 2024, so you will be able to access the details on the registrar website either late on 18th July 2024 or by middle of 19th July 2024. Once the company is selected from the dropdown box, you have 3 methods to check the allotment status for the IPO.

•    Firstly, you can access the allotment status using Application Number / CAF Number. The CAF is short for Composite Application Form and it is available on the acknowledgement slip given to you when you submit the IPO application. Enter the Application / CAF number and then click on Search Button. Enter the application exactly it is given in the acknowledgement slip given to you post the IPO application process. After that you can click on the Search button to get the details of shares allotted to you in the IPO. Before you see the output, you will be asked to enter a 6-digit Captcha code as given. In case, it is not clear, you can toggle for more options. The numeric captcha is to ensure that the person accessing the allotment status is a human being and not a bulk robotic access. 

•    The second option is that you can search by Beneficiary ID of your demat account. From the dropdown box, you must first select the depository name where your demat account is held i.e., NSDL or CDSL. In the case of NSDL, enter the DP id and Client id in separate boxes as provided. NSDL will be an alphanumeric code. In case of CDSL, just enter the CDSL client number. Remember that the NSDL string is alphanumeric while the CDSL string is a numeric string. The details of your DP and client ID are available in your online DP statement or in the statement of account. After that you can click the Search Button in both cases. Before you see the output, you will be asked to enter a 6-digit numeric Captcha code as given. In case, it is not clear, you can toggle for more options. The captcha is to ensure that the person accessing the allotment status is a human being and not a robot.

•    Thirdly, you can also search by Income Tax PAN number. Once you select PAN (permanent account number) from the dropdown menu, enter your 10-digit PAN number, which is an alphanumeric code. Remember, in a PAN, the first to fifth and the tenth character are alphabets while the sixth to ninth character are numeric characters. The PAN number will be available on your PAN card or on top of your income tax returns filed. Once you enter the PAN, click on the Search Button. Once again, before you see the output, you will be asked to enter a 6-digit numeric Captcha code as given. In case, if it is not clear, you can toggle for more options. 

The IPO status with number of shares of Three M Paper Boards allotted will be displayed on the screen. You can save a screenshot of the output page for future reference. You can verify the demat credit by the close of 19th July 2024, or later bearing ISIN (INE0UK501010). In case of any complaints or queries, you can email to info@bigshareonline.com or call 022-6263-8200.

IPO allocation and subscriptions: why they matter to allotment status

Here is a break-up of the total shares issued by the company and its quota allocated for different classes of investors. This is the key to your chances of allotment in the IPO.

Data Source: Company RHP

The issue size, net of the market maker quota, has been divided between the QIB investors, retail investors and the HNI / NII investors. On July 11th, 2024, the company made an anchor allocation of 16,42,000 shares to anchor investors at the upper band price. The anchor portion was carved out of the QIB portion, as a result of which the QIB quota available in the IPO was reduced from 47.44% to 18.99%. The stock will list on the stock exchanges on the third working day after the closure of the IPO.

Three M IPO Subscription status 

The response to the IPO of Three M Paper Boards was very robust and it was subscribed by 171.41X overall at the close of bidding on 16th July 2024 with the HNI / NII segment seeing 285.02 times subscription, and the Retail portion seeing 175.19 times subscription. Even the QIB portion saw robust subscription at 79.36 times. The table below captures the overall allocation of shares with the oversubscription details as of the close of the IPO on 16th July 2024. The IPO was kept open for a period of 3 trading days.

Data Source: BSE

In the above case, the subscription is fairly strong for retail and HNI / NII, and that largely makes the chances of allotment in the IPO modestly lower. This subscription is almost at par with the median subscription that BSE-SME IPOs generally get to see.

About Three M Paper Boards IPO

The stock of Three M Paper Boards has a face value of ₹10 per share and it is a book building issue. The price band for the book building issue is set in the range of ₹67 to ₹69 per share. The final price will be discovered in this price band only. The IPO of Three M Paper Boards has only a fresh issue component and no offer for sale (OFS) component in the public issue. While the fresh issue portion is EPS dilutive and equity dilutive, OFS is just a transfer of ownership and  hence it is neither EPS dilutive nor is it equity dilutive. As part of the fresh issue portion of the IPO, Three M Paper Boards will issue a total of 57,72,000 shares (57.72 lakh shares), which at the upper band IPO price of ₹69 per share aggregates to fresh fund raising of ₹39.83 crore. Since there is no offer for sale, the fresh issue of shares will also double up as the total issue size. As a result, the overall IPO size will also comprise of the issue of a total of 57,72,000 shares (57.72 lakh shares) which at the upper band of the IPO price at ₹69 per share will aggregate to overall IPO size of ₹39.83 crore.

Like every SME IPO, this issue also has a market making portion with a market maker inventory allocation of 2,90,000 shares. Comfort Securities Ltd will be the market maker to the issue. The market maker provides two-way quotes to ensure liquidity on the counter and low basis costs, post listing. The company has been promoted by Hitendra Dhanji Shah, Mrs. Prafulla Hitendra Shah, and Mr. Rushabh Hitendra Shah. The promoter holding in the company currently stands at 100.00%. However, post the fresh issue of shares in the IPO, the promoter equity holding share will get diluted to 70.00%. The fresh issue funds will be used by the company for capex for installing machinery at its existing facility, installation of plastic-fired low-pressure boiler, repayment / prepayment of certain loans and for long term working capital. Part of the funds will also be used for general corporate purposes. Comfort Securities Ltd will be the lead manager to the issue, and Bigshare Services Private Ltd will be the registrar to the issue. The market maker for the issue is Comfort Securities Ltd. The IPO of Three M Paper Boards will be listed on the SME IPO segment of the BSE.

Next steps in the IPO of Three M Paper Boards

The issue opened for subscription on 12th July 2024 and closes for subscription on 16th July 2024 (both days inclusive). The basis of allotment will be finalized on 18th July 2024 and the refunds will be initiated on 19th July 2024. In addition, the demat credits are expected to also happen on 19th July 2024 and the stock will list on 22nd July 2024 on the BSE SME IPO segment. The credits to the demat account to the extent of shares allotted will happen by the close of 19th July 2024 under ISIN (INE0UK501010).

Investors would do well to remember that the level of subscription is very material as it determines the chances of getting allotment. Normally, higher the subscription ratio, lower the chances of allotment and vice versa. In this case, the subscription levels have been very high in the IPO; both in the Retail segment and also in the HNI / NII segment. Investors in the IPO need to assess their chances of allotment accordingly. The final status will be known once the basis of allotment is finalized and uploaded for you to check. You can apply the above allotment checking process flow after the basis of allotment is finalized.