Neptune Petrochemicals IPO Allotment Today: Check Status, GMP, Listing Date

The initial public offering (IPO) of Neptune Petrochemicals Ltd. closed on Friday and saw an overall subscription of 4.11 times. The IPO bidders will now look forward to the share allotment status that will be finalised on Monday, June 2. The breakdown of the overall subscription is as follows:

• Open the IPO allotment page on the official website of the issue registrar, MUFG Intime India at: https://in.mpms.mufg.com/Initial_Offer/public-issues.html.

• Select 'Neptune Petrochemicals Ltd.' from the drop-down menu for company names. (Notably, the name of the company only appears after finalisation of the share allotment status)

• Pick any from the given options - PAN, Application Number, DP/Client ID, or Account No/IFSC.

• Enter the details based on your selection.

• Click on the ‘Submit’ button to check the details.

• Go to the NSE IPO allotment status page at: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids

• Select the 'Equity & SME IPO bid details' option.

• From the drop-down menu for issue symbols, select the company symbol ‘NEPTUNE’.

• Enter your PAN details and Application Number.

• Click on the 'Submit' button to check the share allotment details.

Once the IPO allotment status is finalised, the company will initiate refunds on June 3. Shares will be credited to the Demat accounts of successful bidders on the same day.

Shares of Neptune Petrochemicals Ltd. are scheduled to be listed on the NSE SME platform on Wednesday, June 4.

The latest grey market premium (GMP) for the Neptune Petrochemicals IPO stood at Rs 0 on June 2. Going by the GMP trends, the estimated listing price is Rs 122 per share, implying a flat listing for the IPO, according to InvestorGain.