Avience Biomedicals IPO allotment: How to check status online on NSE, Skyline Financial Services

Avience Biomedicals IPO allotment status is likely to be finalised on Tuesday, June 23. The bid-finalisation details will be available on the websites of the NSE and the registrar, Skyline Financial Services.

The initial share sale sought to raise ₹30.24 crore via fresh issuance of 14.53 lakh equity shares. There was no offer for sale (OFS) component.

The money generated will be used to part-finance capital expenditure needs for setting up a new manufacturing facility, working capital requirements and corporate general purposes.

The company, in its red herring prospectus, said that the listing will enhance its corporate image and visibility of its brand name. "We also believe that our company will receive the benefits from listing of equity shares on the Emerge Platform of NSE Limited (NSE EMERGE)," it said.

It had fixed a price band of ₹196 to ₹208 per share, and a lot consisted of 600 shares. The least investment for an individual investor was 1,200 shares.

Avience Biomedicals, established in 2019, is a medical consumables and diagnostics firm engaged in the manufacturing of in vitro diagnostic (IVD) products, reagents, analysers, rapid test kits, culture media and other medical devices. It is also into trading and distribution of diagnostic equipment.

Avience Biomedicals IPO allotment date and time

The basis of allotment of Avience Biomedicals' IPO is expected to be finalised on Tuesday, June 23, by late evening.

Steps to check Avience Biomedicals IPO allotment status online on NSE

• Go to NSE’s allotment status page: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Choose ‘Equity & SME IPO bid details’
• Pick ‘Avience Biomedicals’ under the symbol ‘AVIENCE’
• Add your application number and PAN
• Hit the 'Submit' button

How to check Avience Biomedicals IPO allotment status online on Skyline Financial Services

• Open this page: https://www.skylinerta.com/ipo.php
• Select 'Avience Biomedicals Ltd' from the dropdown menu
• Enter your DPID/Client ID, application number or PAN number
• Press ‘Search’

Avience Biomedicals IPO listing date and time

Shares of Avience Biomedicals will be listed on the NSE SME platform, Emerge, on June 25, at 10 am.

Avience Biomedicals IPO GMP

According to investorgain.com and media reports, Avience Biomedicals Ltd's unlisted shares were trading at ₹280 per share, reflecting a grey market premium (GMP) of 34.62% over the upper price band of ₹208.