Akums Drugs and Pharmaceuticals IPO Allotment Today: Investors eagerly await the share allotment results of the recently closed Akums Drugs and Pharmaceuticals IPO, with allotment likely to be finalised today. If successful, investors will receive a bank debit message and can also check the allotment status on BSE and NSE websites or on the registrar Link Intime India’s portal.
The IPO, which received a massive 63.44 times subscription, saw bids for 96,18,57,204 shares against 1,51,62,239 shares on offer. Priced between Rs 646-Rs 679, the listing is expected on both BSE and NSE on August 6.
Akums Drugs and Pharmaceuticals IPO: How To Check Allotment Status
To check allotment status, follow these steps:
1) Visit the BSE website and select ‘Equity’ under ‘Issue Type’.
2) Choose ‘Akums Drugs and Pharmaceuticals Ltd’ in the dropbox under ‘Issue Name’.
3) Enter application number or PAN, verify, and search for status.
The grey market premium for Akums IPO is Rs 141, indicating a potential 20.77% listing gain. Analysts recommend subscribing to the IPO for long-term gains based on company fundamentals and market conditions.
The IPO, a mix of fresh issue and offer for sale, aims to raise funds for debt repayment, working capital, acquisitions, and general purposes. With key clients in the pharmaceutical sector, Akums is set to make a mark in the industry post-listing.
Don’t miss out on this exciting opportunity to invest in a leading CDMO player in India. Stay tuned for the allotment results and gear up for potential listing gains!