Interiors and More IPO: Here’s how to check share allotment status online

The initial public offering (IPO) of Interiors and More Ltd was subscribed 10.75 times on the last day of subscription on February 20. The public issue received bids for a total of 1.42 crore shares as against 13.24 lakh on offer.

The Interiors and More Ltd IPO subscription was open from February 15 to February 20.

After the successful subscription, the Interiors and More IPO share allotment status is expected to be finalised on Wednesday, February 21.

Investors who have submitted their bids in the IPO can check the share allotment status online on the official website of the registrar, Bigshare Services Pvt Ltd.

Steps to check Interiors and More IPO share allotment status

• Open the website of the IPO registrar, Bigshare Services Pvt Ltd: https://ipo.bigshareonline.com/IPO_Status.html.
• Choose Interiors and More from the dropdown menu for the company names. The name of the company will only appear on the list after the finalisation of the share allotment status.
• Enter the required credentials like PAN details, application number and beneficiary ID. You can choose any of these three options.
• Enter ‘Captcha’ and click on the ‘Submit’ button.

Your allotment status will appear on the screen. After the final allotment, the number of shares will also be displayed on the screen for successful bidders.

Following the allotment, credit of shares into the demat account of the allottees will begin on February 22. Interiors and More shares are likely to be listed on NSE SME on February 23.

Interiors and More IPO key details

The company had set a price band of ₹216 to ₹227 apiece with a face value of ₹10 each in the IPO. The SME IPO is a book-built issue of ₹42 crore at the upper price band.

Proceeds from the public issue will be used by the company to meet its working capital requirement and general corporate purposes. The money raised will also be used to repay or pre-pay certain existing debts.

Interiors and More IPO received a good response from investors across segments. The company received an oversubscription of 30 times for non-institutional investors (NIIs) portion. In this category, investors submitted bids for 81.11 lakh shares as against 2.64 lakh shares on offer. The qualified institutional buyers (QIB) portion was subscribed more than 4 times with bids for 12.43 lakh shares as against 3.51 lakh shares reserved in this category.

The retail investors’ portion in the IPO was oversubscribed nearly 7 times. Compared to 6.15 lakh shares on offer, the company received bids of 48.76 lakh shares.

The company had fixed a lot size of 600 shares, aggregating to ₹1,36,200 and multiples thereof for retail investors. Interiors and More raised ₹11.94 crore from anchor investors ahead of the IPO subscription.

Interiors and More Ltd promoters, Manish Mohan Tibrewal, Ekta Tibrewal, Rahul Jhunjhunwala, Puja Jhunjhunwala and Reena Jhunjhunwala, presently hold 95.08% stake in the company. The promoters’ equity in the company will be diluted to 69.93% post the issue.