Anupam Rasayan IPO: Where and how to check share allotment status

The allotted equity shares are likely to be transferred to Demat accounts of eligible investors by March 23 and trading on the stock market is expected to start on March 24.  Here is how eligible investors can check Anupam Rasayan IPO share allotment status:

The IPO share allotment status of speciality chemical company Anupam Rasayan India Limited is likely to be finalised on March 19 (Friday), according to the schedule of events available in its prospectus. The Anupam Rasayan India public issue opened for subscription on March 12 and closed on March 16. The allotted equity shares are likely to be transferred to Demat accounts of eligible investors by March 23 and trading on the stock market is expected to start on March 24. It may be noted that the speciality chemicals manufacturer raised Rs 760 crore through its initial public offering, which had witnessed a bumper subscription of 44 times. The company is expected to use the proceeds of its maiden IPO to repay debt.