Route Cell IPO: test allotment standing

NEW DELHI: Route Cell’s preliminary public provide (IPO) bought a robust response from traders because it was subscribed 74.36 instances on the final day of bidding (September 11).
The Rs 600-crore public provide of Route Cell, a cloud communications service supplier, obtained bids for over 89 crore shares as towards the full difficulty measurement of 1.21 crore shares.
Certified institutional patrons (QIBs) class was subscribed 91 instances, non-institutional traders class 195.61 instances and retail particular person traders portion was subscribed 12.85 instances, in accordance with service provider bankers.
The IPO contains of contemporary difficulty of Rs 240 crore and a suggestion on the market of Rs 360 crore. Worth vary for the provide was Rs 345-350 per share.
Route Cell had garnered Rs 180 crore from anchor traders. And, the shares of firm are prone to be listed on September 21.
This is how one can test their allotment standing:
Those that have subscribed to the IPO can test the allotment standing on the BSE web site.
* Choose ‘Fairness’ after which click on ‘Route Cell Restricted’ from the dropdown
* Enter software quantity and PAN (Everlasting Account Quantity)
* Click on on search to view the standing particulars
Candidates may go to Registrar web site (KFin Applied sciences) to test standing.
(With PTI inputs)

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