Shivam Chemicals IPO allotment today: Here's how to check your application status

The initiation of refund for those who applied but were not fixed shares arsenic good arsenic allotment of shares volition beryllium done connected April 29.

Shivam Chemicals IPO is an SME IPO and the equity shares of the institution volition database connected BSE SME connected April 30, 2024.

The contented opened for subscription betwixt April 23 and April 25 with a terms of ₹44 per share.

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Here's however to cheque the allotment presumption connected the IPO's registrar's website:

Step 1: Log successful astatine nonstop Cameo Corporate Services nexus — https://ipo.cameoindia.com/

Step 2: Choose "Shivam Chemicals IPO" nether the institution sanction field.

Step 3: Add "PAN Number, Beneficiary ID, oregon Application No./CAF No."

Step 4: Click astatine 'Search'

You volition beryllium capable to presumption your Shivam Chemicals IPO status.

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Shivam Chemicals IPO details

The IPO of Shivam Chemicals and Minerals has received a robust effect from investors. The contented was subscribed 6.61 times till the 3rd and the past time of the bidding process (April 25). The nationalist contented received bids for 2.87 crore equity shares arsenic against 43.56 lakh shares connected the offer.

The retail capitalist information of the IPO was subscribed 8.88 times portion the Non-Institutional Investors (NII) class was bid 4.33 times.

The ₹20.18 crore Shivam Chemicals IPO is wholly a caller issue. The IPO batch size is 3,000 shares and the minimum concern magnitude required by retail investors is ₹1.32 lakh.

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The institution has projected to utilise the nett IPO proceeds towards backing moving superior requirements, concern successful a subsidiary institution for financing the augmentation of its moving superior capabilities and wide firm purposes.

Aryaman Financial Services is the book-running pb manager of the Shivam Chemicals IPO, portion Cameo Corporate Services is the IPO registrar.

Sanjiv Vasant, Soham Vasant and Shivam Vasant are the promoters of Shivam Chemicals. The institution is engaged successful distributing carnal provender oregon poultry products and is besides successful the concern of manufacturing hydrated lime.

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Shivam Chemicals IPO GMP today

On its allotment day, Shivam Chemicals IPO is commanding a grey marketplace premium of ₹2 per share. This indicates that the institution listing is estimated to beryllium astatine ₹46 per share, a premium of 4.55 percent to the contented price. The GMP was the aforesaid successful the erstwhile 2 sessions since April 24. Before that the company's shares successful the grey marketplace were trading astatine 0, indicating nary premium versus IPO terms astatine listing.

However, 1 indispensable enactment that grey marketplace premium is lone an indicator of however the company's shares are performing successful the unlisted marketplace and tin alteration quickly.

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Published: 26 Apr 2024, 11:27 AM IST