Ayurvedic and wellness products seller Sat Kartar Shopping Ltd is expected to finalize the share allotment status for its initial public offer on Wednesday, January 15.
The company’s ₹33.80-crore IPO closed successfully on Tuesday, January 14, with an overall subscription of more than 332 times.
On the final day, the Sat Kartar Shopping IPO garnered applications for more than 92.29 crore shares against the net IPO size of 27.77 lakh shares.
In the non-institutional investor category, the issue was booked a whopping 808 times. The NIIs placed applications for 47.86 crore shares against the allotted quota of 5.92 lakh shares. The retail segment was booked 249 times, with investors applying for more than 34.36 crore shares against 13.79 lakh shares set aside for them.
The Qualified Institutional Buyers (QIBs) category was booked 124 times. The QIBs placed bids for 10 crore shares against the quota of 8.06 lakh shares.
The investors who participated in the bidding process are now waiting for the Sat Kartar Shopping IPO allotment status to be finalized.
IPO Overview
The Sat Kartar Shopping IPO was launched to raise ₹33.80 crore, offering shares in a price band of ₹77 to ₹81 per share. The issue consisted solely of a fresh issue of approximately 41.73 lakh shares. The IPO opened for bidding on January 10 and closed on January 14, 2025. The listing is scheduled for January 17, 2025, on the NSE Emerge platform.
How To Check Share Allotment On Skyline Financial Services Website
- Open the IPO allotment status page on the Skyline Financial Services website: https://www.skylinerta.com/display_ipo_rightissue_allotment.phpv
- Select Sat Kartar Shopping Ltd from the list for company names (the name will appear after IPO allotment finalization)
- Enter the CAF (Common Application Form) number or PAN details
- Click on the ‘Search’ button.
Steps To Check IPO Allotment Status On The NSE Website
- Go to the NSE IPO allotment page HERE
- Login with the username and password provided by NSE. The new users need to register on the NSE website.
- Select Sat Kartar Shopping Ltd from the dropdown list for issue names
- Verify PAN details
- Enter IPO application number
- Click on ‘Submit’
Upcoming Events
Following the allotment process, successful applicants will receive notifications via SMS and email regarding their share allocations. The grey market premium (GMP) for Sat Kartar Shopping shares currently stands at ₹60 or approximately 74.07% above the IPO issue price, suggesting a strong anticipated listing performance.
The company plans to utilize the proceeds from this IPO for various purposes, including marketing expenses, technology upgrades, and general corporate activities.