The Money Fair IPO Allotment Status to be Finalized on June 28

The Money Fair IPO allotment status is set to be officially confirmed on June 28, following its highly successful subscription during the initial public offering (IPO) process. Investors eagerly anticipate the finalization of the allotment status, which will determine the allocation of shares.

Subscribed at an impressive rate of 34.96 times overall, the Money Fair IPO witnessed significant interest from various investor categories. The Qualified Institutional Buyers (QIB) segment was subscribed 10.21 times, while Non-Institutional Investors (NII) and Retail investors showed remarkable oversubscription rates of 48.05 times and 45.57 times, respectively.

The Money Fair IPO aims to raise approximately ₹23.11 Crores through its IPO, with the price band set at ₹73 to ₹77 per equity share. The IPO is scheduled to be listed on the National Stock Exchange (NSE), offering investors an opportunity to participate in the company’s growth.

Based on the robust retail subscription numbers, the Money Fair IPO’s basis of allotment is expected to be around 1:45 (Approx). Investors eagerly await the final allotment status, which will provide clarity on the distribution of shares among eligible applicants.

Investors can conveniently check their Money Fair IPO allotment status online through the Skylinerta website or opt for the offline mode, using their bank account and Demat login details. The allotment status is a crucial step in the IPO process, indicating the outcome of the subscription and the allotment of shares.

As the IPO registrar is responsible for overseeing the allotment and refund process, investors are advised to reach out to the registrar for any queries regarding the allotment date and time. The allotment status for the Money Fair IPO is expected to be available on July 1, 2024, providing investors with clarity on their investment in the company.