How To Check Shivam Chemicals IPO Allotment Status

Shivam Chemicals IPO, which began on April 23 and closed on April 25, was offered at a fixed price of ₹44 per share for public investors, with a minimum lot size of 3,000 shares for retail investors, equating to a minimum investment of ₹1.32 lakhs. The Shivam Chemicals IPO allotment status is set to be finalised later today.

If you applied for the IPO, here is how you can check the Shivam Chemicals IPO allotment status.

Checking IPO Allotment Status on Registrar's Website:

Follow these steps to check the Shivam Chemicals IPO allotment status

  1. Visit the registrar's website.
  2. Click on "Company Selection" and choose "Shivam Chemicals" from the dropdown menu.
  3. Then you can enter your PAN, application number, or Demat.
  4. Enter the captcha and click Submit to retrieve the Shivam Chemicals IPO allotment status

Checking IPO Allotment Status on BSE:

  1. Go to the BSE website.
  2. Click on the ‘Equity' section and select "Shivam Chemicals" from the dropdown menu.
  3. Enter your application number or PAN.
  4. Click on the ‘Search' button.
  5. The result will show the number of shares allotted to you.

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

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Shivam Chemicals IPO Subscription Status

The IPO of Shivam Chemicals Ltd witnessed robust demand from investors, with subscriptions exceeding 6 times the offer size on the final day of bidding, April 25.

The initial public offering, which opened on April 23, aimed to raise approximately ₹20.18 crore from public investors through a fresh issue of 45.87 lakh equity shares, with no offer-for-sale component.

By the closing hour on Thursday, bids for 2.90 crore equity shares worth ₹127.63 crore were received, surpassing the net issue size of 43.56 lakh equity shares by 6.65 times. The retail investors’ segment exhibited significant interest, with subscriptions reaching 8.88 times the reserved shares, receiving bids for over 1.93 crore shares against the allotted 21.78 lakh shares.

Similarly, the non-institutional investors’ category saw a subscription of 4.43 times, with bids for 96.51 lakh shares against the 21.78 lakh shares available. The strong demand from non-institutional investors surged on the final day, as the category was only 95% subscribed in the initial two days of bidding.

Shivam Chemicals plans to utilize the funds raised from the IPO to support its working capital requirements, with proposed investments of ₹7.05 crore in this area. Additionally, it aims to allocate ₹5.62 crore to Shivam Chemicals and Minerals Pvt Ltd for enhancing its working capital capabilities and ₹5.01 crore for other general corporate purposes.

Currently, Shivam Chemicals’ scrip is trading with a grey market premium of ₹2, which means it is likely to list at a price of ₹46 on the market.

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Posted In: NewsIPOs