How To Check Aik Pipes And Polymers IPO Allotment Status

Aik Pipes and Polymers’ IPO opened for subscription on December 26 and closed on December 28, set its price band at ₹89, with a lot size of 1,600 shares. Investors could bid for a minimum of 1,600 shares and in multiples thereof, as the issue price stood at 8.9 times the face value of ₹10.

AIK Pipes and Polymers Limited specializes in producing pipes, water distribution pipes, and fittings for various applications such as sewerage systems, telecommunications, and gas transmission. The company operates three manufacturing facilities in Jaipur, Rajasthan.

You can follow these steps to check the Aik Pipes and Polymers allotment status:

Checking Allotment Status on Registrar's Website:

  1. Visit the registrar’s website.
  2. Click on ‘Select Company' and choose ‘Aik Pipes and Polymers'.
  3. Input your PAN, application number, DP/Client ID, or Account number/IFSC.
  4. Enter the captcha.
  5. Click on submit.

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Checking Allotment Status on BSE

Alternatively, you can check the Credo Brands Marketing IPO allotment status on the BSE

  1. Go to the BSE website.
  2. Click on ‘Equity’ and select ‘Aik Pipes and Polymers' from the dropdown menu.
  3. Enter your application number and PAN.
  4. Click on ‘Search’

Mufti IPO Details And GMP: The IPO, valued at ₹15.02 crore, comprises a fresh issue of 1,688,000 equity shares with no offer for sale (OFS) component, according to the red herring prospectus (RHP). The net proceeds from the IPO will be allocated to general corporate purposes, capital expenditure, and working capital requirements.

The likely listing date on BSE SME is January 2. The IPO garnered significant interest, being subscribed 43.57 times on the final day, with retail and non-institutional categories showing substantial demand.

The SME IPO subscription status was 1.19 times on day 1 and 4.72 times on day 2. The grey market premium (GMP) for AIK Pipes IPO was ₹9, indicating a positive response and investors’ willingness to pay a premium over the issue price of ₹98.

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Posted In: NewsIPOs