Shreedhar Spinners IPO share allotment in focus today: GMP, steps to check status online

Shreedhar Spinners SME IPO share allotment is expected to be finalised today, 29 June. The public issue, which closed on 25 June, was subscribed nearly 7 times, with a price band of Rs 51-53 per share. The company aimed to raise around Rs 30.68 crore via a fresh issue of 57.88 lakh shares, with proceeds earmarked for working capital, machinery purchase at its Amravati facility, and general corporate purposes. Grey market premium was nil on Monday, indicating a likely flat listing at the issue price of Rs 53 on NSE SME on 1 July.