The basis of allotment for Karbonsteel Engineering Ltd. SME IPO is now finalized. Investors can check status on the registrar’s portal (Maashitla Securities), as well as on BSE’s allotment page, and then track refunds/unblocking, demat credit, and the listing date. Here’s a concise, step-by-step guide.
Quick IPO snapshot
- Issue window: Sep 9–11, 2025 (SME, book-built) with BSE SME listing planned.
- Price band: ₹151–₹159 per share; face value ₹10.
- Lot size: 800 shares; retail minimum is 2 lots = 1,600 shares (approx ₹2,54,400 at the cap).
- Issue size/structure: ~₹59.30 crore; Fresh issue ~30.396 lakh shares; OFS 6.90 lakh shares.
Day-3 subscription snapshot (context)
Final day data indicated total subscription around 5.45x with QIB ~4.11x, Retail ~5.27x, and NII ~9.56x, reflecting broad demand across categories heading into allotment.
How to check allotment status
Have PAN, Application Number, or DP Client ID handy.
- Registrar (Maashitla Securities)
- BSE allotment page
Tip: If allotted, the UPI mandate remains debited and shares will reflect in demat before listing; if not, the mandate should be released and funds unblocked automatically after finalization.
Post-allotment timeline
- Basis of allotment: Sep 12, 2025 (finalization today as communicated by multiple trackers).
- Refunds/UPI mandate release: Sep 15, 2025.
- Shares credited to demat: Sep 15, 2025.
- Listing date: Sep 16, 2025 on BSE SME.
Note: Some broker pages quote similar but slightly varying internal schedules; prioritize the registrar/broker notifications received via email/SMS for exact processing times.
What could drive the listing
- Business profile: Heavy and precision steel structures with a book-built SME float, drawing solid NII/QIB interest on Day 3.
- Issue dynamics: 800-share lot and a meaningful retail ticket size can amplify listing-day volatility.
- Sentiment: Track broader market tone and any last-mile updates; SME listings often react to subscription mix and free float.
Next steps for investors
- If allotted: Verify demat credit on Sep 15 and prepare a clear listing plan (hold vs partial profit book) aligned with risk tolerance.
- If not allotted: Expect UPI release; consider staged secondary entries post-listing if the thesis and valuations remain attractive.
Bottom line: Karbonsteel Engineering SME IPO allotment is out, with T+3 listing slated for Sep 16. Check status via Maashitla or BSE, track refunds/demat, and approach debut with a plan suited to portfolio risk and current market conditions.