March 12 is when the Gopal Snacks IPO allocation will be finalized. Here’s how to verify the status of your allotment

On March 12, the Gopal Snacks IPO allocation will be finalized. On March 14, the company’s shares are anticipated to list on exchanges. Investors may use the registrar’s website and the BSE website to see the allocation information.

Here’s how to verify the allocation:

First Step

Navigate to the public problems on the issue’s registrar’s website. The registrar where you can verify the information of the allocation is Link Intime India.

Step Two

Enter your PAN number and the name of the firm you applied to.

Step Three

To see the allocation status, click the search button.

The shares that would have been allocated to the investors will be deposited into their D’mat accounts. On the other hand, the registrar will provide a refund to those who were not allocated. It is anticipated that the refund will begin on March 13 and thereafter show up in the bank account. Since the IPO allotment and repayment are the registrar’s responsibility.

In the gray market, Gopal Snacks shares were trading at the issue price, neither at a premium nor a discount. It is an unofficial market where shares are traded without authorization.

The firm that specializes in ethnic delicacies began accepting subscriptions for retail bidding on March 6 and ended on March 11. The issue was available for subscription by bidders between Rs 381 and Rs 401.

In terms of the company’s operations, it produces namkeen and gathiya, two types of ethnic snacks. The biggest producer of gathiya in the nation is Gopal Snacks. In addition to producing ethnic snacks, the company also makes Western snacks including wafers and snack pellets. Snack goods are exported by the firm. Its headquarters are mostly in Maharashtra and Gujarat.

Since it’s just a sale offer, the funds will be deposited into the bank accounts of major shareholders who are selling their shares in the business.