Dindigul Farm Products Limited (EnNutrica), a manufacturer of milk proteins, dairy ingredients, and infant milk formula, is in the news today as the allotment of its Initial Public Offering (IPO) is expected to be finalized. This means investors who applied for shares during the subscription window will find out if their applications were successful.
IPO Recap
The Dindigul Farm Products IPO was open for subscription from June 20th to June 24th, 2024. The issue received a strong response from investors, and the allotment process is now underway. The price band for the IPO was set at ₹51 to ₹54 per share. The offering consisted entirely of fresh issue shares, raising a total of ₹34.83 crore.
The official announcement of the allotment is likely to be made today, June 25th, 2024. Once finalized, investors will be able to check their application status online. Here are the steps on how to do that:
- Check allotment through the BSE website: Visit the official website of the Bombay Stock Exchange (BSE) There will be a section dedicated to IPO status. You will need to enter your IPO application details, such as the application number and PAN number, to check your status.
- Check allotment through the registrar’s website: Link Intime India Private Ltd is the registrar for the Dindigul Farm Products IPO. You can visit their website and search for the IPO allotment status section. Similar to the BSE website, you will need to enter your application details to check the status.
What Happens Next?
If your application for Dindigul Farm Products IPO shares is successful, the shares will be credited to your demat account by June 26th, 2024. The listing of the company’s shares is tentatively scheduled for June 27th, 2024, on the BSE SME platform. This means investors will be able to buy and sell shares of Dindigul Farm Products on the stock exchange starting from that date.
Remember
- The allotment of shares is not guaranteed. Even if you applied for shares, there’s a chance your application might not be selected, especially if the IPO was oversubscribed.
- GMP is an unofficial estimate and should not be the sole factor influencing your investment decisions.
- Carefully research the company and the IPO details before making any investment decisions.
We hope this information helps you understand the Dindigul Farm Products IPO allotment process and what to expect in the coming days.