Arunaya Organics IPO Allotment: How To Check Share Allotment Status On Bigshare Services And NSE?
The shares Arunaya Organics are tentatively scheduled to be listed on the NSE SME platform on May 7.
The initial public Offering (IPO) of Arunaya Organics concluded its subscription period on Friday with an overall subscription of 2.53 times. Retail investors led the charge, subscribing 4.33 times, followed by Non-Institutional Buyers with 1.49 times subscription and Qualified Institutional Buyers with 1.01 times subscription.
Retail investors can invest with a minimum lot size of 2,000 shares, requiring a minimum investment of Rs 1,16,000. High Net Worth Individuals (HNI) can apply for at least two lots, or 4,000 shares, aggregating to a minimum investment of Rs 2,32,000. The price band for the IPO has been set between Rs 55 to Rs 58 per share.
Here's all you need to know ahead of Arunaya Organics IPO allotment; check allotment date, steps to check allotment status, listing date and more.
How To Check Arunaya Organics IPO Allotment Status?
You can verify the share allotment status of Arunaya Organics IPO on the websites of NSE and the IPO registrar (Bigshare Services) by following the step-by-step guide provided below.
Steps to check Arunaya Organics IPO allotment status on NSE:
Visit the IPO allotment page on the NSE website here: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
Select 'Equity & SME IPO bid details'.
Select the company symbol 'ARUNAYA' in the dropdown list.
Enter PAN details and Application Number.
Click on the Submit button to verify your share allotment status.
Steps to check Arunaya Organics IPO allotment status on Bigshare Services:
Visit the IPO allotment page on the Bigshare Services website here: https://www.bigshareonline.com/ipo_allotment.html
Select any one server to check your IPO Allotment Status.
Select the company name 'Arunaya Organics Limited' from the dropdown list on the IPO allotment status page.
Enter the investor PAN Number or Application/CAF Number or DP/Client ID.
Fill in the captcha details.
Click on the Search button to verify your share allotment status.
Shares of Arunaya Organics will be credited to the Demat account of successful bidders on May 6 and refunds will also take place on the same day for non-allottees.
The shares are tentatively scheduled to be listed on the NSE SME platform on May 7.
Arunaya Organics IPO Latest GMP
The latest grey market premium (GMP) for Arunaya Organics IPO was Rs 0, recorded as of 2:38 p.m. on May 5. Considering today's GMP and issue price, shares of Arunaya Organics Limited are expected to list on NSE SME at Rs 58 apiece, indicating a flat listing on NSE SME.
The unlisted shares of Arunaya Organics were trading as high as Rs 64 on May 1 only to drop to Rs 58 when the bidding closed on Friday. Going by the GMP trends, investors can look forward to a flat listing when the shares hit the market this week.
Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.
The Arunaya Organics IPO is a book-building issue worth Rs 33.99 crore. It comprises a fresh issue of 52.6 lakh shares, amounting to Rs 30.51 crore, and an offer-for-sale of 6 lakh shares, aimed at raising Rs 3.48 crore.
The company is in the business of manufacturing and exporting acid dyes and intermediates. It caters to industries such as textiles, mining, paints and plastics.
Use of IPO Proceeds
The company will utilise the proceeds from the IPO to set up a new manufacturing facility in Gujarat, funding its working capital requirements and general corporate purposes.
