Marine Electricals IPO Allotment Status Online

The Marine Electricals IPO allotment status will be available on Oct 8, 2018, as per the timeline provided in the red-herring prospectus.

Below are the steps to check Marine Electricals IPO allotment status online:

• Visit the Marine Electricals IPO allotment status page.
• Click on the green Marine Electricals IPO Allotment Status.
• Enter either PAN number, Application Number or DP Client ID of the demat account to check the Marine Electricals IPO allotment status.
• Click Search.

Note: The disabled button shows that the allotment is not yet available online.

The allotment result looks like as below:

• PAN No.: AHMLK1898J
• Application No.: RL041213805307
• Name: Mr. Rajveer Singh
• Shares Applied: 40
• Shares Allotted: 40

The expected listing price of Marine Electricals IPO depends on many factors including demand, nature of the business, market environment and state of the economy. The Marine Electricals IPO grey market premium gives some hint but the actual listing price is difficult to guess.

Marine Electricals IPO allotment status is expected on Oct 8, 2018. Click the green button Marine Electricals IPO Allotment Status above to check the allotment. Note the button remains to disable until the allotment is available online.

If Marine Electricals IPO oversubscribed in the retail category, the Marine Electricals IPO shares will be distributed on a proportionate basis to Retail Individual Investors (RII). Each retail investor will get a minimum of 1 lot subject to the availability of shares in the retail portion. If enough shares are not available, a lottery is drawn to choose the investors.

The Marine Electricals IPO shares will get listed on Thursday, October 11, 2018. The equity share of Marine Electricals (India) Limited will list on NSE SME.

The reason you didn't get the Marine Electricals IPO could be:

• IPO become oversubscribed and allotment process is completed through a lottery
• The IPO application got rejected due to mismatch/incomplete information
• The issue price is higher than the bid price. (Always apply on cut-off price).

The Marine Electricals IPO will open for bidding on Sep 28, 2018. The IPO application closes on Oct 3, 2018.