KRM Ayurveda IPO Day 3: Check subscription status, allotment date and steps

KRM Ayurveda IPO: The initial public offering of KRM Ayurveda has been subscribed 61.54 times so far on Friday, January 23, the third day of bidding.

It got bids for 25,83,40,000 shares as against 41,98,000 shares on offer, according to the National Stock Exchange data until 3:40 pm.

The initial share sale, with a price band of ₹128 to ₹135 per share, seeks to raise ₹77.49 crore via the issuance of 57.40 lakh new equity shares. There is no offer for sale component.

The money generated will be used for debt repayment, construction and development of telemedicine operational facilities, human resources, purchase of CRM software and hardware infrastructure, working capital needs and 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," the company said in its red herring prospectus.

KRM Ayurveda runs a network of hospitals and clinics across India. It has also marked its presence internationally by means of telemedicine consulting and sales.

KRM Ayurveda IPO allotment and listing date

The basis of allotment of KRM Ayurveda is expected to be finalised on Tuesday, January 27. The listing on stock exchanges will occur on Thursday, January 29.

How to check KRM Ayurveda IPO allotment status on NSE

• Go to NSE's IPO allotment page: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Choose the ‘Equity & SME IPO bid details’ option
• From the select symbol list, choose ‘KRMAYURVED’
• Identify yourself using application number and PAN details
• Hit the submit button

Steps to check KRM Ayurveda IPO allotment status on Skyline Financial Services

• Go to the registrar's allotment status page: http://skylinerta.com/display_ipo_rightissue_allotment.php
• Select 'KRM Ayurveda' from the dropdown menu
• Add DPID/Client ID/Folio number or CAF number or PAN number
• Press the 'Search' button

KRM Ayurveda IPO GMP

According to investorgain.com and media reports, KRM Ayurveda's unlisted shares are trading at ₹151, reflecting a grey market premium of 11.85% over the upper price band of ₹135.