KRM Ayurveda IPO allotment: How to check status online on NSE, Skyline Financial Services; listing date, time revealed

KRM Ayurveda IPO allotment: The basis of allotment of KRM Ayurveda is expected to be finalised on Tuesday, January 27. Investors who have applied for the IPO can check details on the NSE and Skyline Financial Services websites.

The IPO consisted only of a fresh issuance of 57.40 lakh shares totalling ₹77.49 crore. There was no offer for sale (OFS) component.

The objectives of the issue include:

• Capital expenditure for construction and development of telemedicine operational facilities
• Human resources
• Purchase of hardware infrastructure and CRM software
• Debt repayment
• Working capital needs
• General corporate purposes

"Our company believes that listing will enhance our company’s corporate image, brand name and create a public market for its equity shares in India," KRM Ayurveda said in its red herring prospectus.

With a price band of ₹128 to ₹135 per share, a lot consisted of 1,000 shares. Retail investors can apply for a minimum of two lots or 2,000 shares.

KRM Ayurveda runs a network of hospitals and clinics across multiple cities in India, along with a marked presence abroad via telemedicine consulting and sales. At present, it operates six hospitals and five clinics.

KRM Ayurveda IPO allotment date and time

KRM Ayurveda IPO allotment is likely to be finalised on Tuesday, January 27, by late evening.

KRM Ayurveda IPO allotment status online on NSE; check status

• Open the allotment status page of NSE on your website: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Pick the ‘Equity & SME IPO bid details’ option
• Select ‘KRMAYURVED’ from the list of IPO symbols
• Fill in details like PAN and application number
• Click on the submit button

How to check KRM Ayurveda IPO allotment status online on Skyline Financial Services

• Visit this link: http://skylinerta.com/display_ipo_rightissue_allotment.php
• Choose 'KRM Ayurveda' from the IPO names
• Enter details like PAN, CAF number, or DPID/Client ID/Folio number
• Hit the 'Search' button

KRM Ayurveda IPO listing date

Shares of KRM Ayurveda will be listed on the SME platform of the NSE on Thursday, January 29.

KRM Ayurveda IPO GMP

According to investorgain.com and media reports, unlisted shares of KRM Ayurveda are trading at ₹154, reflecting a grey market premium of 14.07% over the upper price band of ₹135.