How To Check EnNutrica IPO Allotment Status

The EnNutrica (Dindigul Farm Product Limited) IPO, which opened on June 20 and concluded on June 24, featured a lot size of 2,000 shares and a price band of ₹51 to ₹54 per equity share. The EnNutrica IPO allotment status is set to be finalised later today.

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

Checking Allotment Status on Registrar's Website:

Follow these steps to check the EnNutrica IPO allotment status

  1. Visit the registrar's website.
  2. Click on "Company Selection" and choose "Dindigul Farm Product Limited" from the dropdown menu.
  3. Then on the next page, you can enter your PAN, application number, or Demat.
  4. Click Submit to retrieve the EnNutrica IPO allotment status

Checking IPO Allotment Status on BSE:

  1. Go to the BSE website.
  2. Click on the ‘Equity' section and select "Dindigul Farm Product Limited" 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 EnNutrica IPO allotment status will be visible.

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EnNutrica IPO Subscription Status

The EnNutrica IPO saw a total subscription of 188.13 times by day 3, as per the BSE website. The retail portion was subscribed 201.44 times, the NII portion 207.05 times, and the QIB portion 145.62 times. The company received bids for 8.68 crore shares against 42.90 lakh shares on offer.

EnNutrica IPO GMP

The EnNutrica IPO's GMP is currently reported at ₹68. With the IPO's price band set at ₹54, the expected listing price is ₹122, indicating a potential gain of approximately 125.93% on the listing. However, it's crucial to remember that while GMPs can offer some insight into market sentiment, they are not always a reliable predictor of a stock's performance upon listing.

EnNutrica IPO Details

The IPO, worth ₹34.83 crore, is a fresh issuance of 6,450,000 equity shares with no offer-for-sale component. Proceeds will be used for capital expenditure, working capital, and general corporate purposes. In FY22-23, the company reported sales in over 15 states and three countries.

Founded in 2010, the company processes whole and skim milk into dairy products such as milk protein concentrates and skimmed milk powder, marketed under the brands ENNUTRICA and Activday. The processing plant in Dindigul spans 15 acres. The firm has a wide domestic and international client base, with ambitions to expand into ASEAN and European markets.

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Posted In: NewsIPOsEnNutrica