The allotment of shares for the initial public offering (IPO) of Shivam Chemicals was finalised on Friday.
Investors who applied for the IPO can now check their allotment status on the registrar, Cameo Corporate Services Ltd’s portal.
Shivam Chemicals, an SME IPO, will have its equity shares listed on the BSE SME platform on April 30, 2024.
During the subscription period from April 23 to April 25, the IPO was priced at Rs 44 per share.
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Steps to check allotment of Shivam Chemicals IPO
Visit Cameo Corporate Services portal by clicking here
Select “Shivam Chemicals IPO” from the company name dropdown.
Enter your PAN Number, Beneficiary ID, or Application No./CAF No.
Click on ‘Search’ to view your IPO status.
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Shivam Chemicals IPO Grey Market Premium (GMP)
Shivam Chemicals IPO is commanding a grey market premium (GMP) of Rs 2 per share. This suggests that the estimated listing price for the company’s shares is Rs 46 per share, representing a 4.55% premium over the issue price.
The grey market premium has remained stable at Rs 2 per share since April 24.
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Shivam Chemicals IPO details
The Shivam Chemicals IPO has garnered interest from investors, with the issue being subscribed 6.61 times by the end of the bidding process on April 25. The public issue received bids for 2.87 crore equity shares against the 43.56 lakh shares on offer.
The retail investor portion of the IPO was oversubscribed by 8.88 times, while the Non-Institutional Investors (NII) category was oversubscribed by 4.33 times.
This Rs 20.18 crore IPO of Shivam Chemicals consists entirely of fresh shares. The IPO lot size is 3,000 shares, and the minimum investment amount required by retail investors is Rs 1.32 lakh.
The net proceeds from the IPO will be utilised by the company for funding working capital requirements, investing in a subsidiary company to augment its working capital capabilities, and for general corporate purposes.
Aryaman Financial Services is the book-running lead manager for the Shivam Chemicals IPO, with Cameo Corporate Services acting as the IPO registrar.
