Dhanlaxmi Crop Science IPO Allotment Today: Check Status And Latest GMP
Investors who bid in the Dhanlaxmi Crop Science IPO can check the allotment status online on the official websites of NSE and the issue's registrar, Bigshare Services Pvt. Ltd.
The allotment of shares in the initial public offering of Dhanlaxmi Crop Science Ltd. is expected to be finalised on Dec. 12. The SME issue worth Rs 23.8 crore closed with a stellar response on the final day of bidding on Dec. 11.
Investors placed bids for 1,64,08,10,000 shares against 29,52,000 shares on offer, resulting in an over-subscription of 555.83 times, as per market tracking site Chittorgarh.
Non-institutional investors led the issue's demand, subscribing their allocation over 1241.27 times. NIIs placed bids for 81,67,56,000 shares against 6,58,000 shares on offer.
The retail portion of Dhanlaxmi Crop Science IPO was booked 441.18 times with bids for 67,14,72,000 shares against 15,22,000 shares on offer. Qualified institutional buyers (QIBs) placed bids for 15,25,82,000 shares against 7,72,000 available. The QIB portion of the IPO was subscribed 197.6 times.
Dhanlaxmi Crop Science IPO was an entirely fresh issue of 43.28 lakh shares.
The issue price band was set in the range of Rs 52 to Rs 55 with a face value of Rs 10 per share.
Finshore Management Services Ltd. served as the sole book-running lead manager for this SME IPO. Bigshare Services Pvt. is the registrar whereas MNM Stock Broking Pvt. acted as the market maker for the SME issue.
Dhanlaxmi Crop Science Ltd. shares are scheduled to make market debut on Dec. 16.
Investors who bid in the Dhanlaxmi Crop Science IPO can check the allotment status online on the official websites of NSE and the issue's registrar, Bigshare Services Pvt. Ltd.
How To Check Dhanlaxmi Crop Science IPO Allotment Status On NSE?
Log on to the allotment status check page of the NSE here
Log in with your username and password. (Create an account on the NSE to view IPO allotment status)
Select 'Dhanlaxmi Crop Science Limited' from the dropdown menu
Verify the applicant's PAN details
Enter the application number for the IPO
Click the Submit option to check the allotment details
How To Check Dhanlaxmi Crop Science IPO Allotment Status On Bigshare Services?
Go to the Bigshare Services IPO page here
Select any one of the three servers
Select Dhanlaxmi Crop Science Limited from the dropdown menu
Enter your PAN, application number, or DP/Client ID
Click Submit to check your status
Dhanlaxmi Crop Science IPO GMP Today
Dhanlaxmi Crop Science IPO GMP (grey market premium) stood at Rs 37 on Dec. 12, according to InvestorGain. This indicates a potential listing gain of 67.27%, with a listing price of Rs 92 per share.
Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.
Use Of Proceeds
Dhanlaxmi Crop Science Ltd. intends to use the IPO proceeds to finance its working capital needs and general corporate purposes.
About Dhanlaxmi Crop Science Ltd.
Dhanlaxmi Crop Science Ltd. develops, produces, processes and sells seeds for various field crops and vegetables. It combines traditional breeding methods with advanced biotechnological tools to create hybrid and open-pollinated seed varieties that offer better yields.
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Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read red herring prospectus thoroughly before placing bids.
