Srigee DLM IPO Allotment Status: Check Latest GMP, Steps to Verify Status

Investors keenly awaiting the outcome of their Srigee DLM initial public offering applications face a critical day today, May 8, as the finalisation of share allotments is scheduled. This pivotal step follows a subscription period that opened on Monday, May 5, and closed on Wednesday, May 7.

The IPO garnered substantial attention in the market, culminating in a remarkable oversubscription rate. By the close of bidding on the third day, the issue was reportedly subscribed 490.93 times overall. Such extraordinary demand underscores significant investor appetite but inherently means a substantial proportion of applicants will either receive fewer shares than sought or no allocation at all.

Timeline Post-Allotment

With the allotment process concluding today, the subsequent phases for successful applicants and others are set. Shares allocated to successful bidders are expected to be credited to their demat accounts on Friday, May 9. Concurrently, the refund procedure for applicants who did not receive any shares is also slated to commence on Friday. The Srigee DLM shares are earmarked for listing on the BSE SME platform. The fixed date for the official trading debut is Monday, May 12.

Checking Your Allotment Status on BSE

The Bombay Stock Exchange (BSE) website is a reliable platform for checking the allotment status. To check on the BSE portal, follow these steps:

• Visit the official BSE website's allotment status page here.
• Under the 'Issue Type' options, select 'Equity'.
• Select the IPO from the options given under the 'Issue Name', choose 'Srigee DLM'.
• Enter your PAN (Permanent Account Number) or application number in the designated field.
• Complete the verification by clicking on 'I am not a Robot'.
• Finally, click the 'Submit' button to retrieve your allotment status.

Grey Market Premium (GMP) Indication

Market watchers are also considering the Grey Market Premium (GMP) as an indicator of potential listing performance. As of today, the Srigee DLM IPO GMP is reported at +₹33. This premium suggests that shares were trading at a ₹33 higher price than the IPO issue price in the unofficial market.

With the IPO price set at ₹99 per share, the estimated listing price, based on this current GMP, is indicated at ₹132 per share. This implies a potential listing premium of 33.33% over the issue price. Analysis of GMP trends over the preceding 11 sessions reportedly shows an upward trajectory, suggesting expectations for a potentially robust listing. The GMP has reportedly fluctuated between a minimum of ₹0.00 and a maximum of ₹33 during this period.

The meeting of an extremely high subscription rate and a positive, upward-trending GMP points towards strong investor sentiment and anticipation for Srigee DLM's debut on the BSE SME platform. All eyes will now be on the final allotment list and the stock's performance next week.

Note: The Grey Market Premium (GMP) is not an official price and is based on market speculation.

Source: LiveMint Report Dated May 8, 2025

Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market-related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market.

Business Overview

Incorporated on December 20, 2005, as Srigee Enterprises Private Limited, Srigee DLM Private Limited has evolved from its initial focus on plastic mouldings for consumer durables to a diversified design-led manufacturing and assembly service provider. By 2013, the company expanded its capabilities with the addition of advanced injection moulding machinery, enabling it to enter the home appliance moulding segment. Today, Srigee DLM operates across four key business verticals: plastic injection moulding and assembly, tool room and die manufacturing, mobile phone assembly and moulding, and polymer compounding and trading. Serving sectors such as consumer durables, home appliances, automotive components, and electronics, the company is recognised for delivering high-quality, cost-efficient, and timely manufacturing solutions. Its client portfolio includes prominent OEMs such as Symphony Limited, Starion, Dipty Lal Judge Mal Pvt. Ltd. (DLJM), and Syntyche Tradex Enterprises.

Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.

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