The wait is over for investors who applied for the Medicamen Organics IPO! The share allotment process is being finalized today, June 26th, 2024. This means you’ll soon find out if your application for shares was successful.
The Medicamen Organics IPO generated a lot of excitement, receiving bids over 993 times the number of shares available. This high subscription indicates strong investor interest in the company’s future. There’s also been positive buzz in the unlisted market, with the company’s shares trading at a premium of ₹50 above the IPO price. This suggests investors might see significant gains when the stock lists on the exchange.
Checking Your Allotment Status
If you applied for Medicamen Organics shares, you can easily check your allotment status online today. Here’s a simple guide:
- Visit the Kfin Technologies website: Since Medicamen Organics is an NSE SME IPO, the allotment process will be handled by Kfin Technologies Ltd, the registrar for the issue. Head to their website.
- Find the IPO Allotment Section: Look for a section dedicated to IPO allotment status. There might be a specific link for Medicamen Organics.
- Enter Your Details: You’ll likely need to provide your application number or PAN details to access your allotment information.
- View Your Status: Once you submit your details, the website will display whether your application was allotted any shares and how many.
What Happens Next?
The allotment finalization today is just one step in the process. Here’s a breakdown of the next few key dates:
- June 27th: Refunds will be initiated for applicants who were not allotted any shares.
- June 27th: Demat accounts of successful applicants will be credited with the allotted shares.
- June 28th: Medicamen Organics is expected to list its shares on the NSE SME platform. This is when trading in the stock will officially begin.
If your application for Medicamen Organics shares wasn’t successful this time around, don’t be discouraged. There are always new IPOs coming up. Remember, allotment depends on the total number of applications and available shares. You can use this experience to learn more about the IPO process and be better prepared for future opportunities.
Stay Informed
Keep an eye on financial news websites and publications for updates on Medicamen Organics’ listing and its stock price performance. This can help you understand how the company is faring in the market.