Hamps Bio IPO allotment expected on Dec 18: Steps to check status online on BSE, Bigshare Services

Hamps Bio IPO allotment: The investors, who had bid for the initial public offering (IPO) of small and medium enterprise (SME) Hamps Bio Ltd, expect the announcement of the share allotment status today, December 18.

The portion reserved for retail investors was overbid by more than 1,342 times, with bids received for 77.7 crore shares against 5.79 lakh shares on offer. Meanwhile, the non-institutional investors’ (NII) category was subscribed more than 758 times, with bids for 43.9 crore shares compared with 5.79 lakh shares reserved for the category.

If you were one of the investors in the issue, you can check the share allotment status online on the BSE website or at the web portal of the issue’s registrar, Bigshare Services Pvt. Ltd.

How to check share allotment status online on BSE website

• Visit the BSE IPO allotment status page by clicking here.
• Select ‘Equity’ as the issue type.
• From the ‘Issue Name’ dropdown menu, select Hamps Bio Ltd.
• Choose either PAN or IPO application number; enter details.
• Click on the ‘I’m not a robot’ tab
• Press the ‘Search’ button

How to check share allotment status on Bigshare Services

• Visit the official website of issue registrar, Bigshare Services, here.
• Select any one of the three servers to view the IPO allotment status.
• In the ‘Company Selection’ dropdown menu, select Hamps Bio Ltd.
• From the ‘Selection Type’ dropdown menu, choose any of these— IPO application number, beneficiary ID (Demat account number) and PAN. Enter the details of the chosen option.
• Enter the captcha given and click on ‘Submit’. You will be able to see the allotment details.

It’s important to note that the allotment details will be visible on the BSE and registrar websites only after the finalisation of share allocation by the company.

Successful bidders can expect the shares to be credited into their demat account by December 19, with refunds being initiated for the others the same day. The Hamps Bio stock is scheduled to list on the BSE SME on December 20.

Hamps Bio IPO: Offer details

Incorporated in 2007, Hamps Bio has strong brand presence in two core divisions -- pharmaceutical formulation and freeze-drying ingredient manufacturing and distribution.

The company is engaged in the marketing and distribution of pharmaceutical products under the “Hamps” brand like tablets, syrups, capsules, injectables, oil, and nutritional supplements. The FMCG division focuses on freeze-dried and frozen items under the “FzyEzy” brand including strawberry, jamun, mango, beet powder, chikoo powder etc.

The ₹6.22-crore Hamps Bio IPO was a fixed-price issue made up entirely of a fresh issuance of 12.2 lakh shares with no offer-for-sale component. Shares were offered at ₹51 apiece in a lot size of 2,000 units.

The company had appointed Marwadi Chandarana Intermediaries Brokers Pvt. Ltd as the book-running lead manager of the issue. Bigshare Services Pvt. Ltd was the registrar, while Pure Broking was the market maker for the IPO.

Hamps Bio IPO: Use of funds

Hamps Bio said that the company intended to use the proceeds from the fresh issue for purchase of plant and machinery for the FMCG division, enhancing the visibility and awareness of the brand and for general corporate purposes.

Hamps Bio IPO: Company financials

For the financial year 2023-24, Hamps Bio posted a 16.4% increase in revenue to ₹6.5 crore compared with ₹5.6 crore in the previous financial year. Profit after tax (PAT) rose by 39.5% to ₹50.07 lakh in FY24 compared with ₹35.90 lakh in FY23.

Hamps Bio IPO: Promoter shareholding pre- and post-issue

The promoters of Hamps Bio are Herrik Shah, Shrenik Shah, Pallavi Shah, Mitali Shah, Herrik Shah HUF and Shrenik Shah HUF.