Supriya Lifescience IPO: Here's how to check allotment status

NEW DELHI: Supriya Lifescience, whose initial public offer (IPO) saw 72 times subscription, is set to announce the share allotment on December 23, Thursday.

The initial share sale received bids for 1,03,89,57,138 shares against 1,45,28,299 shares on offer, according to NSE data. The IPO was fully subscribed within a few hours of opening for subscription on the back of a strong response from retail investors.

The IPO had a fresh issue of up to Rs 200 crore and an offer for sale of up to Rs 500 crore. It had a price range of Rs 265-274 per share. The proceeds from the fresh issue will be used for funding capital expenditure requirements, debt repayment, and general corporate purposes.

Investors, who had bid for the issue, can check the allotment status on the Bombay Stock Exchange (BSE) website:

1) Visit https://www.bseindia.com/investors/appli_check.aspx
2) Under the issue type, click Equity
3) Under the issue name, select Supriya Lifescience Limited in the dropbox
4) Write the application number
5) Add the PAN card ID
6) Click on 'I am not a Robot', and hit submit

You can also check the allotment status on the online portal of Link Intime India Private Limited (https://linkintime.co.in/MIPO/Ipoallotment.html), the registrar to the issue. The registrar is a Sebi-registered entity, qualified to act as such and which electronically processes all applications, and carries out the allotment process as per the prospectus.

The registrar is responsible for complying with the timelines for updating the electronic credit of shares to successful applicants, dispatching and uploading of refunds, and attending to all investor-related queries after the issue is completed.

1) Go to the web portal of Link Intime India Private Limited
2) Select the IPO in dropbox whose name will be populated only if the allotment is finalised
3) You may be required to select either one of the three modes: Application number, Client ID or PAN ID
4) In application type, select between ASBA and non-ASBA
5) Enter the details of the mode you selected in Step 2
6) For security purposes, fill the captcha accurately
7) Hit submit

Bidders who could not get allotment in the IPO may see the initialisation of refunds on December 24. Others, who would be allotted shares may see the credit of shares in the Demat account by December 27. The listing of the IPO is likely on December 28.