Neptune Petrochemicals IPO Allotment Today: Check Status, GMP, Listing Date
Shares of Neptune Petrochemicals Ltd. are scheduled to be listed on the NSE SME platform on Wednesday, June 4.
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:
Qualified Institutions: 7.12 times
Non-Institutional Buyers: 2.91 times
The Neptune Petrochemicals IPO is a book-building issue worth Rs 73.20 crore. The IPO price band was fixed at Rs 115 to 122 per share.
The IPO can check the allotment status on the official websites of the issue registrar, MUFG Intime India Pvt. (Formerly Link Intime), and the NSE.
Steps To Check Neptune Petrochemicals IPO Allotment Status On MUFG Intime India
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.
How To Check Neptune Petrochemicals IPO Allotment Status On NSE
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.
Neptune Petrochemicals IPO Listing Date
Shares of Neptune Petrochemicals Ltd. are scheduled to be listed on the NSE SME platform on Wednesday, June 4.
Neptune Petrochemicals IPO GMP Today
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.
Use Of IPO Proceeds
The company will use proceeds from the IPO to fund capital expenditure, working capital requirements and general corporate purposes.
