The initial public offering (IPO) of Patil Automation Ltd., which concluded its subscription on Wednesday, saw an overall subscription of 101.42 times. The demand for the issue was led by Non-Institutional investors who bid for 21,34,66,800 shares against the 8,26,800 on offer, subscribing 258.18 times. The NSE SME issue received bids for 9,13,39,200 shares against 11,01,600 on offer from Qualified Institutional investors, subscribing 82.92 times. Retail investors subscribed 44.77 times, bidding for 8,63,41,200 shares against the 19,28,400 on offer.
The price band for the IPO has been set between Rs 114 and Rs 120 per share. The SME IPO is a book-building issue worth Rs 66.1 crore, comprising entirely a fresh issuance of 55.08 lakh shares.
With the subscription coming to an end, investors will look forward to the allotment and listing of the Patil Automation IPO. So here's all you need to know.
Patil Automation IPO Allotment And Listing Date
Allotment of shares will be finalised on June 19. The company will initiate refunds and transfer of shares to the Demat accounts on June 20.
Shares of Patil Automation Ltd. are tentatively scheduled to be listed on the NSE SME platform on June 23.
Investors who bid for the issue can check the share allotment status on the websites of NSE and Purva Sharegistry India, registrar for the issue.
How To Check Patil Automation IPO Allotment Status On NSE
Visit the IPO allotment page on the NSE website here.
Select 'Equity & SME IPO bid details'.
Select the company symbol ‘PATILAUTOM’ from the dropdown list for issue symbols.
Enter PAN details and Application Number.
Click on the ‘Submit’ button to check the share allotment details.
How To Check Patil Automation IPO Allotment Status On Purva Sharegistry India
Visit the IPO allotment page on the Purva Sharegistry website here.
Select ‘Patil Automation Ltd.’ from the company drop-down menu.
Enter your application number or PAN number.
Click on the 'Search' button to view your allotment details.
Patil Automation IPO GMP Today
According to InvestorGain, the grey market premium (GMP) for the IPO stood at Rs 22 as of 1:01 p.m. on June 19. The latest GMP indicates an estimated listing price of Rs 142 per share, indicating a premium of 18.33% apiece against the upper limit of the IPO price band.
Note: GMP does not represent official data and is based on speculation.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
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