The allotment of shares in the initial public offering of Identixweb Ltd. is set to be finalised on Tuesday, April 1. The SME offer was booked over 25 times, led by an enthusiastic response from non-institutional buyers on the final day.
Identixweb Ltd. PO was booked nearly 74 times by NIIs, followed by 14.38 times by retail investors and 11 times by qualified institutional buyers.
Overall, investors placed bids for 5,36,14,000 shares in comparison to 20,50,000 shares offered, resulting in an oversubscription of 26.15 times.
The IT company, which offers custom web solutions to its clients aims to raise nearly Rs 17 crore through the public offer of shares.
The Identixweb IPO is a book-built issue of Rs 16.63 crores comprising a fresh issue of 30.80 lakh shares. The price band for the IPO is set in the range of Rs 51 to Rs 54 per share.
With the subscription window now closed, all eyes are on the allotment of shares in the Identixweb IPO. Investors who participated in the bidding process can check the allotment status online via the official websites of BSE and the issue's registrar, Skyline Financial Services Ltd.
How To Check Identixweb IPO Allotment Status On BSE
Follow these easy steps to check Identixweb IPO Allotment Status On BSE:
Visit the IPO allotment page on the BSE website –
https://www.bseindia.com/static/investors/application_statuschecksystem.aspx
Select 'Equity' under the issue type.
From the issue name dropdown menu, choose ‘Identixweb Ltd.'.
Enter the PAN or Application number.
Tick the 'I'm not a robot' captcha.
Click the Search option to check your IPO allotment details.
How To Check Identixweb IPO Allotment Status On Skyline Financial
Follow these easy steps to check Identixweb IPO Allotment Status On skylinerta:
Visit the IPO allotment page on the Skyline Financial Services website - https://www.skylinerta.com/ipo.php
From the company name dropdown menu, choose ‘Identixweb Ltd.'.
Choose either DPID/Client ID, Application Number or PAN.
Enter the details per your selection.
Hit Search to check the allotment status.
Identixweb IPO Listing Date
Following the confirmation of the IPO allotment, Identixweb will initiate refunds for the non-allottees and begin the credit of shares into the demat account of successful bidders on April 2.
Shares of Identixweb Ltd. are proposed to be listed on BSE SME on April 3.
Identixweb IPO GMP Today
According to InvestorGain, the latest grey market premium on the shares for Identixweb IPO stood at Rs 8 on April 1. As per the current trends, Identixweb shares will likely list at Rs 62, marking a premium of 14.81% over the issue price.
Note: GMP does not present official data and is based on speculation.
Use Of Proceeds
The company will use proceeds from the IPO to invest in marketing to aid the company's growth plans, product development, subsidiary, and general corporate purposes.
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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