How to check the status of Shivam Chemicals’ IPO allotment step-by-step guide
On Friday, Shivam Chemicals’ initial public offering (IPO) share allocation was completed.
Through the website of the registrant, Cameo Corporate Services Ltd., investors who registered for the IPO may now monitor their allotment status.
On April 30, 2024, Shivam Chemicals, a SME initial public offering, would list its equity shares on the BSE SME platform.
The price of the IPO was Rs 44 per share during the subscription window, which ran from April 23 to April 25.
How to verify Shivam Chemicals IPO allotment
Click this link to access the Cameo Corporate Services site.
From the selection menu for the firm name, choose “Shivam Chemicals IPO”.
Input your Application number, CAF number, beneficiary ID, or PAN Number.
Select ‘Search’ to check the status of your IPO.
IPO Grey Market Premium (GMP) Shivam Chemicals
The grey market premium (GMP) for the Shivam Chemicals IPO is Rs 2 per share. According to this, the company’s shares are expected to list for Rs 46 a share, which is 4.55% more than the issue price.
Since April 24, the grey market premium has been constant at Rs 2 per share.
Details of Shivam Chemicals’ IPO
Investor enthusiasm in the Shivam Chemicals initial public offering (IPO) is evident, as the issue was subscribed 6.61 times by the time the bidding closed on April 25. In contrast to the 43.56 lakh shares on sale, bids for 2.87 crore equity shares were received for the public offering.
There was an 8.88-fold oversubscription in the retail investor segment of the IPO and a 4.33-fold oversubscription in the Non-Institutional Investors (NII) category.
All of the shares in Shivam Chemicals’ Rs 20.18 crore IPO are new. Retail investors must deposit a minimum of Rs 1.32 lakh, with lots of 3,000 shares in the IPO.
The firm plans to use the net proceeds from the initial public offering (IPO) to finance its working capital needs, invest in a subsidiary to strengthen its working capital position, and use the funds for general corporate objectives.
For the Shivam Chemicals IPO, Aryaman Financial Services is the book-running lead manager, while Cameo Corporate Services is the IPO registrar.
