How To Check Naman In-Store IPO Allotment Status

Naman In-Store IPO, which opened for subscription on March 22 and closed on March 27, has witnessed overwhelming demand across all segments. The Naman IPO allotment status is set to be finalised today, March 28.

If you applied for the IPO, here is how you can check the Naman In-Store IPO allotment status.

Checking IPO Allotment Status on Registrar's Website:

Follow these steps to check the Naman In-Store IPO allotment status

  1. Visit the registrar's website.
  2. Click on "Select IPO" and choose "Naman In-Store" from the dropdown menu.
  3. Then you can enter your PAN or application number.
  4. Click Search to retrieve the Naman In-Store IPO allotment status

If all the details are entered correctly and the allotment has been finalised, the Naman IPO allotment status will be visible

Naman In-Store Subscription Status

As of the final day of bidding, the IPO garnered significant interest, with the subscription status reported at 308.96 times. The retail portion witnessed a subscription of 328.67 times, the Non-Institutional Investor (NII) segment was oversubscribed by 528.12 times, and the Qualified Institutional Buyer (QIB) segment saw a subscription of 109.75 times. The company received bids for 58,53,00,800 shares against the 18,94,400 shares on offer.

See Also: ICICI Slammed By Shareholders For Using Unsavoury Tactics To Push Investment Arm Merger

Naman In-Store IPO GMP

The Naman In-Store IPO GMP is reported at ₹45. The IPO GMP, combined with the upper price band of ₹89 indicates a listing price of ₹134, around 50% premium. However, it's crucial to remember that while GMPs can offer some insight into market sentiment towards an IPO, they should not be considered the sole predictor of a stock's performance upon listing

Naman In-Store IPO Details

The Naman In-Store IPO price band was set from ₹84 to ₹89 per equity share, with bids accepted in multiples of 1,600 shares and a minimum bid requirement of 1,600 shares.

The IPO comprises a fresh issue of 28,48,000 equity shares, valued at approximately ₹25.35 crore, with no offer-for-sale component.

Proceeds from the IPO are intended to be utilized for financing capital expenditures related to the construction of a factory facility, general corporate purposes, and leasing property at Butibori, MIDC, where the company plans to relocate its existing production operations.

Read Next: Bajaj Group’s First IPO In Years Said To Be Valued At Up To $10B

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Posted In: NewsIPOsNaman In-Store