The Dindigul Farm Product Ltd Initial Public Offering (IPO) concluded on June 24, receiving a strong response from investors. The allotment of shares is expected to be finalised today, June 25.
Key Dates
- IPO Bidding Period: June 20-24
- Allotment Date: June 25
- Credit of Shares: June 26
- IPO Listing Date: June 27
How to Check Allotment Status
Investors can check the allotment status online through the BSE website or the official portal of the IPO registrar, Link Intime India. Follow these steps:
- Visit the IPO Registrar’s Website: Link Intime India
- Select Company: Choose ‘Dindigul Farm Product Limited’ from the dropdown menu.
- Choose Your Option: Select from PAN, Application Number, or DP ID/Account Number.
- Enter Details: Fill in the required details.
- Submit: Click on ‘Submit’ to view your allotment status.
IPO Subscription Details
The IPO was highly subscribed, with a subscription rate of 202.35 times. Here’s the breakdown:
- Retail Category: 201.44 times
- Qualified Institutional Buyers (QIB): 145.62 times
- Non-Institutional Investors (NII): 280.06 times
Grey Market Premium (GMP)
The current Grey Market Premium (GMP) for the Dindigul Farm IPO is ₹68 per share. This suggests the shares are trading at a 125.93% premium over the issue price of ₹54 per share, with an estimated listing price of ₹122 per share.
IPO Details
- Price Band: ₹51 to ₹54 per share
- Total Issue Size: ₹34.83 crore (64.5 lakh shares)
- Type of Issue: Entirely a fresh issue
Beeline Capital Advisors Pvt Ltd is managing the IPO, and Link Intime India Private Ltd is the registrar.
Investors who applied for the IPO can check their allotment status today and will see shares credited to their Demat accounts on June 26. Refunds for those who did not get allotment will also be processed on the same day. The shares are set to be listed on the BSE SME on June 27.
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