Investors in the RK Swamy Limited initial public offering (IPO) are on the edge of their seats as they await news on the RK Swamy IPO allotment date, which is expected imminently. Following the closure of bidding on March 6, 2024, anticipation is high for the final allocation of shares, with market experts suggesting that the allotment may be announced today.
The introduction of the T+3 listing rule, effective December 1, 2023, mandates that IPO listings occur on the third working day after the bidding period closes. Accordingly, the RK Swamy IPO listing date is anticipated to fall on March 12, 2024, which is next Tuesday.
Despite strong initial interest from primary market investors, reflected in a subscription rate of 25.94 times, grey market sentiment surrounding the RK Swamy IPO has softened post-subscription. Observers note a decline in the grey market premium (GMP) for RK Swamy Limited shares, which currently stands at ₹15, down from ₹36 reported earlier.
Market analysts attribute this dip in RK Swamy IPO GMP to subdued market sentiments on Dalal Street in recent days. The downward trend in GMP, from ₹40 to ₹15 over the past two days, raises concerns amidst a three-day non-trading period leading up to the expected listing date.
Regarding the RK Swamy IPO allotment date, investors are advised to remain vigilant for updates, as the finalization of share allocation was not completed as of Thursday. Once announced, investors can check their RK Swamy IPO allotment status online via the BSE website or KFin Technologies website.
For added convenience, applicants can directly access the RK Swamy IPO allotment status through dedicated links provided by BSE (bseindia.com/investors/appli_check.aspx) or KFin Tech (kosmic.kfintech.com/ipostatus). Stay tuned for further updates on the RK Swamy IPO allotment and listing process.
To check the RK Swamy IPO allotment status online, follow these step-by-step guides:
For BSE:
- Visit the direct BSE link: bseindia.com/investors/appli_check.aspx.
- Select ‘Equity’ in the issue type.
- Enter your Application Number or PAN Number.
- Complete the captcha verification.
- Click on the ‘Search’ button.
For KFintech:
- Go to the direct KFintech link: kosmic.kfintech.com/ipostatus.
- Choose RK Swamy Limited.
- Select the Application Number/Demat Account/PAN option (choose Application Number).
- Enter the captcha.
- Click on the ‘SUBMIT’ option.
Your RK Swamy IPO allotment status will be displayed on your computer monitor or cell phone screen.
Regarding the RK Swamy IPO listing date, it is most likely on March 12, 2024, in accordance with the T+3 listing rule implemented since December 1, 2023.