Ideal Technoplast Industries IPO allotment expected today: Steps to check status on NSE, Bigshare Services

The share allotment status in Ideal Technoplast Industries IPO is expected to be finalised today, August 26. The NSE SME issue closed with a strong subscription on Friday, August 23.

Ideal Technoplast Industries IPO was booked 112.08 times with bids for more than 14.1 crore shares against 12.58 lakh shares on offer.

The retail category of the IPO was subscribed 115.57 times whereas the allocation of Non-Institutional Investors (NIIs) was booked 99.15 times. Qualified Institutional Buyers (QIBs) placed bids for 59.36 lakh shares.

Investors can check Ideal Technoplast Industries IPO share allotment status on the NSE website and the websites of the registrar, Bigshare Services Pvt Ltd.

Steps to check Ideal Technoplast Industries IPO share allotment status on the NSE website:

• Visit the NSE IPO allotment status page: www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Login with username and password (Investors need to mandatorily create a username and password on the NSE website)
• Select Ideal Technoplast Industries IPO
• Verify your PAN No
• Type in your IPO application No
• Click on Submit

Here’s how to check Ideal Technoplast Industries IPO share allotment on registrar's website

• Open IPO registrar BigShare Services’ website (https://ipo.bigshareonline.com/ipo_status.html)
• Go to the 'Company Selection' dropdown menu
• Select ‘Ideal Technoplast Industries IPO’
• In 'Selection Type', select either PAN, beneficiary ID or application number
• Enter the selected detail
• Enter the captcha and click on the submit button

The company will initiate refunds for non-allottees on Tuesday, August 27 along with credit of shares into the demat account of successful bidders. Ideal Technoplast Industries IPO’s tentative listing date is Wednesday, August 28.

Ideal Technoplast Industries IPO: Offer size

Ideal Technoplast Industries aimed to raise ₹16.03 crore via its initial public offer (IPO) consisting of an entirely fresh issuance of 13.25 lakh shares.

Ideal Technoplast Industries IPO: Price band, lot size

Ideal Technoplast Industries IPO’s price band was fixed at ₹121 per share. The minimum lot size for retail investors was 1000 shares, totalling to an investment of ₹1,21,000.

Ideal Technoplast Industries IPO objective

Ideal Technoplast Industries plans to use the proceeds of the public issue to meet the capital expenditure needs of the company and for other general corporate purposes.

About Ideal Technoplast Industries

Ideal Technoplast Industries Limited manufactures rigid plastic packaging for domestic and international markets. The company’s product portfolio includes round and square containers, twist containers and bottles.