Chemcon IPO Allotment Status: Chemcon Speciality Chemicals IPO – How to check allotment status | India Business News


NEW DELHI: The initial public offer (IPO) of Chemcon Speciality Chemicals received massive investor demand as it was subscribed 149 times on last day of bidding (September 23).
The Rs 318-crore initial public offer received bids for 97,64,26,440 shares against 65,47,061 shares on offer.
Qualified institutional buyers (QIBs) category was subscribed 113.40 times, non-institutional investors 450.52 times and retail individual investors 40.40 times.
The IPO comprises a fresh issue aggregating up to Rs 165 crore and an offer for sale of up to 65 lakh shares. The price range has been fixed at Rs 338-340.
The Vodadara-based company intends to utilise net proceeds from the fresh issue to meet capital expenditure for expansion of its manufacturing facility, fund working capital requirements and general corporate purposes.
Here’s how you can check the allotment status:
Subscribers can check their allotment status on the BSE website.
* Select ‘Equity’ and then click on ‘Chemcon Speciality Chemicals’ from the dropdown
* Enter application number and PAN (permanent account number)
* Click on search to view details of allotment status
Alternatively, applicants can also visit Registrar website (Linkintime, Karvy) to check their allotment status.
(With PTI inputs)

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