Naturewings Holidays IPO allotment likely today: Steps to check status on BSE, Bigshare Services

Travel services provider Naturewings Holidays Limited is expected to finalise the IPO share allotment status on Friday, September 6. The company's initial public offering closed on Thursday with an overall subscription of 384 times.

The ₹7.03-crore BSE SME issue was open for subscription from September 3 to September 5.

The investors are waiting for the company to finalise the share allotment status, which is scheduled for Friday. Successful bidders will be informed through SMS and emails on registered IDs after the company finalises the share allocation.

The applicants can also check the share allotment status on the BSE and the official website of IPO registrar Bigshare Services Pvt Ltd by following a few simple steps.

Steps to check Naturewings Holidays Ltd IPO share allotment on registrar website:

1. Visit Bigshare Services Pvt Ltd website (https://www.bigshareonline.com )
2. Select any server
3. Click on IPO allotment status (www.bigshareonline.com/ipo_Allotment.html )
4. Click on GP Eco Solutions India from the list
5. Fill Application number or PAN
6. Complete the 'captcha' to verify
7. Click the "Search" button to check your allotment status

Steps to check Naturewings Holidays Ltd IPO share allotment status on the BSE

1. Open BSE website (https://www.bseindia.com)
2. Click on Investor Relations and go to public issues
3. Click on Application Status (https://www.bseindia.com/investors/appli_check.aspx )
4. Select Naturewings Holidays Ltd from the list
5. Enter PAN details or application number
6. Submit to check details

Naturewings Holidays Ltd IPO details

The IPO of Naturewings Holidays Ltd was a fixed-price offer and comprised a fresh issue of 9.5 lakh shares. The company fixed the price at ₹74 per share for the IPO.

The minimum lot size was 1,600 shares. The minimum amount of investment required was ₹1,18,400 for retail investors.

At the close of bidding on Thursday, the IPO was booked nearly 384 times. Bids for more than 34.6 crore shares were received against 9.02 lakh shares on offer.

The retail portion was booked 487 times. Retail individual investors placed bids for over 21.98 crore shares against 4.51 lakh shares set aside for the category. The non-retail category was booked over 270 times with applications for over 12.21 crore shares against 4.51 lakh shares on offer.

Shares of Naturewings Holidays Limited are tentatively scheduled to be listed on the BSE SME platform on September 10.

Naturewings Holidays IPO objective

The company has proposed to utilise the IPO proceeds to meet working capital requirements and finance capex for marketing and business promotions.

Of the gross proceeds of ₹7.03 crore, the company will utilise ₹3.95 crore for working capital needs, ₹1.02 crore for marketing and business promotions and ₹86.30 lakh for general corporate purposes.

About Naturewings Holidays

Naturewings Holidays offers holiday packages for travellers visiting the Himalayan range in India, Bhutan and Nepal.

The company provides travel services like land and air bookings, in-transit arrangements, hotel reservations, and destination management services.