Corona Remedies IPO allotment today: How to check status on registrar, BSE and NSE; see latest GMP

Corona Remedies IPO allotment status

The share allotments for Corona Remedies IPO will likely be finalised by today, December 11. IPO applicants can check their allotment status on the official websites of BSE and NSE, as well as the official site of its registrar, Bigshare Services.

This comes after the Rs 655-crore maiden issue of the company saw strong investor interest during its three days of public bidding, being subscribed a whopping 137 times its offer size between December 8 and December 10.

Corona Remedies IPO GMP:

Ahead of listing, the unlisted shares of the company were trading with nearly 28 percent grey market premium (GMP) over the IPO price, according to data on Investorgain. The GMP has fallen from the 34.37 percent quoted by the site on December 4, but increased from the 24.67 percent quoted on the day the IPO opened for subscription (December 8).

According to IPO Watch, the unlisted shares of the company were trading with 28.71 percent GMP over the issue price.

Corona Remedies IPO: How to check allotment status on NSE?

• Step 1: Open the website of NSE by clicking on this direct link.
• Step 2: Select the company 'Corona Remedies' by selecting Equity & SME IPO bid details.
• Step 3: Fill in the necessary details like IPO Application number or PAN details after selecting the company symbol.
• Step 4: Press the 'Submit' button.
• Step 5: The allotment status will be shown in the window.

Corona Remedies IPO: How to check allotment status on BSE?

• Step 1: Open the website of Bombay Stock Exchange (BSE).
• Step 2: Click on 'Investors' option.
• Step 3: On the 'Investor Services' dropdown, click on 'Status of Issue Application'.
• Step 4: Click on 'Application Status Check'.
• Step 5: Select Equity in the issue type.
• Step 6: Fill in the required details including the 'Issue Name'.
• Step 7: Enter PAN number and click on 'Search' to view the status.

Corona Remedies IPO: How to check allotment status on on Bigshare Services

• Step 1: Open the direct link to the registrar.
• Step 2: Select the company from the dropdown menu after clicking on any of the three servers.
• Step 3: Fill in details like PAN, application number or DP client ID.
• Step 4: Press the 'Search' button to see the allotment status

About Corona Remedies IPO:

Corona Remedies launched its IPO to raise more than Rs 655 crore through an entirely offer for sale (OFS) of shares with no fresh issue component. This means that all of the IPO proceeds will go the selling investors and not the company.

The price band for the IPO was set at Rs 1,008-1,062 per share. Investors could bid for a minimum of 14 shares, requiring an investment of Rs 14,868 per lot, and in multiples thereafter. The IPO was open for public bidding between December 8 and December 10. The shares are scheduled to be listed on stock exchanges BSE and NSE on December 15.

The initial public offering of Corona Remedies saw strong investor interest during its third and final day of public bidding on December 10. The Rs 655-crore maiden issue of the company closed after being subscribed more than 137 times its offer size on Day 3.

The IPO received bids for more than 62.65 crore shares, as against the offer size of 45.72 lakh shares, according to data on NSE. Non Institutional Investors (NII) have subscribed their reserved portion 209 times (20,888 percent).

Retail investors booked their allotted quota around 29 times (2,873 percent), while Qualified Institutional Buyers (QIB) have subscribed their reserved portion a whopping 278 times (27,852 percent).

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