BMW Ventures IPO allotment: How to check on BSE, NSE, and Cameo Corporate Services

BMW Ventures, a steel products distributor, will finalise the share allotment for its initial public offering (IPO) on Monday, September 29.

The company looks to raise ₹231.66 crore through a fresh issue of 2.34 crore equity shares. The IPO was open for subscription between September 24 and 26.

By the end of bidding, the IPO received 1.5 times subscription, with investors applying for 3.51 crore shares against 2.34 crore shares available. The demand was driven by institutional investors, with the QIB portion subscribed 3.09 times, followed by NIIs at 3.03 times, while the retail quota was nearly fully subscribed at 0.99 times. The price band for the issue was set at ₹94–₹99 per share.

How to check IPO allotment status

On BSE:

1. Visit the BSE allotment page here.

2. Select ‘Equity’ under issue type.

3. Choose ‘BMW Ventures’ from the dropdown.

4. Enter your Application Number or PAN.

5. Click ‘Search’ to view allotment details.

On Cameo Corporate Services:

1. Go to https://ipo.cameoindia.com/.

2. Select one of the available links.

3. Choose ‘BMW Ventures’ from the dropdown.

4. Enter your PAN, Application Number, or DP/Client ID.

On NSE:

Investors can also check the allotment status on the NSE website by using their PAN and application number.

Refunds and credit of allotted shares to demat accounts will take place on September 30, while BMW Ventures shares are set to debut on the stock exchanges on October 1.

About the Company

In addition to steel product distribution, BMW Ventures is engaged in the trading of tractor engines and spare parts, the manufacturing of PVC pipes, and the fabrication of pre-engineered buildings and steel girders.

The company plans to utilise ₹173.75 crore of the IPO proceeds towards working capital requirements, with the balance earmarked for general corporate purposes.

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