How To Check Astonea Labs IPO Allotment Status Online?

The initial public offering (IPO) of Astonea Labs Ltd., a contract manufacturer of pharmaceutical and cosmetic products, closed on Thursday with a subscription of 1.79 times.

The BSE SME offer, aimed at raising Rs 37.67 crore from the primary market, comprised a fresh issue of 27.9 lakh shares. The IPO opened for bidding on May 27. The price band for Astonea Labs IPO was set at Rs 128 to Rs 135 per share.  

The retail segment was subscribed 1.69 times, while the Qualified Institutional Buyers (QIB) portion was subscribed 0.7 times. On the other hand, the Non-Institutional Investors (NII) category witnessed strong demand, with a subscription of 5.6 times.

Following the end of the subscription, the IPO bidders are waiting for the share allotment status to be finalised by the company. Astonea Labs IPO allotment status is expected to be finalised on May 30.

·  Open the BSE IPO Allotment status page, here.  

·  Select ‘equity’ as the ‘issue type’.

·  Select Astonea Labs from the drop-down list as the ‘issue name’.

·  Submit either your application number or PAN details

·  Click on the ‘Submit button’ to see allotment details.

·  Visit the IPO allotment status page on the official website of the issue registrar, Kfin Technologies, here.

·  From the dropdown list, choose ‘Astonea Labs’ as the IPO name.

·  Choose PAN or application number for verification.

·  Fill in the required information based on the selected option.

·  Click submit to see your share allotment status.

After finalising IPO allotment, Astonea Labs will process refunds and credit shares to the successful bidders’ Demat accounts on June 2.

Shares of Astonea Labs are scheduled to be listed on the BSE SME platform on June 3.

The latest Grey Market Premium (GMP) for Astonea Labs SME IPO stood at Rs 0, indicating no potential gain or loss on listing, as per Investorgain. With the issue price at Rs 135 per share, the shares are expected to list flat at the upper price band.

Note: GMP does not represent official data and is based on speculation.