Those who have subscribed are eagerly waiting for the allotment of Five Star Business Finance IPO. The issue was closed on November 11 and the allotment will be out anytime soon on November 17.
The Rs 1,960 crore IPO of the company was sold in the range of Rs 450-474 apiece. It received a muted response from investors. The overall issue was subscribed 0.70 times where QIB section was bought 1.77 times. The NII and RII sections were subscribed 0.61 times and 0.11 times respectively.
Investors who bid for the issue can check the allotment status on BSE website or on the website of Registrar, i.e., KFin Technologies Limited. One need application number and PAN card ID to check the application status.
Those investors who could not get the allotment in the IPO will get refunds on November 18. Other investors, who get share allotment may see the credit of shares in the demat account by November 18. The shares of Five Star Business Finance are expected to list on November 21.
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