Dindigul Farm Product Ltd’s initial public offering (IPO) concluded on June 24 with strong subscription numbers. Investors are now awaiting the allotment results, which are expected to be finalized today, June 25.
The IPO bidding period ran from June 20 to June 24. The company will credit shares to eligible investors’ Demat accounts on June 26 and initiate refunds to unsuccessful bidders on the same day.
Investors can check the Dindigul Farm Product IPO allotment status online through the BSE website or the official portal of the IPO registrar, Link Intime India Private Ltd.
Here are the steps to check the allotment status:
- Visit the IPO registrar’s website at https://linkintime.co.in/initial_offer/public-issues.html
- Select ‘Dindigul Farm Product Limited’ from the dropdown menu.
- Choose one of the options – PAN / App. No. / DP ID / Account No.
- Enter the details as per the option selected.
- Click on ‘Submit’ to view your IPO allotment status.
The Dindigul Farm Product IPO received overwhelming subscription, with bids for 86.80 crore equity shares against the 43.90 lakh shares offered, resulting in a subscription of 202.35 times. The IPO was subscribed 201.44 times in the retail category, 145.62 times in Qualified Institutional Buyers (QIB) category, and 280.06 times in the Non-Institutional Investors (NII) category.
The IPO was priced in the range of ₹51 to ₹54 per share. Given the current grey market premium of ₹68 per share, the estimated listing price for Dindigul Farm Product shares is expected to be around ₹122 per share, representing a premium of 125.93% over the issue price of ₹54 per share.
The shares are scheduled to be listed on the BSE SME platform with a tentative listing date set for June 27. Beeline Capital Advisors Pvt Ltd acted as the book running lead manager for the IPO.
