Dharmaj Crop Guard, whose initial public offering (IPO) opened for subscription on November 28 and closed on November 30, is likely to announce share allotment status on December 5.
On the third day of subscription, the issue was driven by stellar response from non institutional investors, qualified institutional buyers, and retail investors. The issue was subscribed 35.49 times.
The company received bids for 28.4 crore shares against 80.12 lakh shares on offer, according to data from the BSE.
According to ipowatch.in, the IPO's grey market premium is ₹55.
Post the allotment of shares, the company will initiate refunds, and credit shares to demat accounts on December 6. The agro-chemical company will be listed on the bourses on December 8.
What is IPO allotment date?
Basically, the day that the public is informed of the allotment status on the website of the IPO registrar is known as the 'IPO allotment date'. The registrar publishes the IPO allotment calculation on the basis of allotment document.
After the allocation process is complete, the shares are listed on the exchanges within a few days, allowing for trading to begin.
What is IPO allotment status?
The information regarding how many shares were assigned to an investor in an initial public offering is IPO allotment status.
How to check IPO allotment status?
Once the allotment is complete, investors can check IPO allotment by visiting the registrar's website, such as Karvy or Linkintime.
NSE, BSE, NSDL, and CDSL also provide email and SMS notifications to investors about the IPO allotment status.
The bidder can find out specifics about the quantity of shares that have been assigned to them through the IPO allotment status.
On the NSE website, bidders can go to the 'Invest' section, and click on the option 'Check Trade/Bids'.
Bidders must register with a PAN number on the website by clicking on "Click here to Sign up".
Bidders can log in directly by selecting the "Click here to login" option if they have previously registered on the website.
On the BSE website, bidders will have to click on the 'Investors' option from the menu bar, which will lead to a new page.
The next step is to choose 'Investor Services' from the menu and then 'Status of Issue Application'.
Bidders have the option of selecting 'Equity' under the heading 'Issue Type'. After selecting the IPO name from the 'Issue Name' menu, and entering PAN number, a bidder can check the allocation status.