Q-Line Biotech IPO allotment: Check status online on Purva Sharegistry, NSE; listing date, time here

Q-Line Biotech IPO allotment: The basis of allotment of Q-Line Biotech is expected to be finalised on Tuesday, May 26. Investors can head to the websites of NSE and Purva Sharegistry to check bid finalisation details.

The ₹214.48 crore initial share sale was exclusively a fresh issuance of 62.53 lakh equity shares, with no offer for sale (OFS) component.

The money raised will be used for working capital requirements, repaying borrowings and general corporate purposes.

With a price band of ₹326 to ₹343 per share, a lot consisted of 400 shares. The least investment for an individual investor was two lots or 800 shares.

Q-Line Biotech Ltd develops, makes and markets reagents (including kits and POC devices) and consumables and manufacturing, distributing/supplying diagnostic equipment for diagnostic healthcare needs.

Its key manufacturing segments include indigenous manufacturing of reagents, including haematology, clinical chemistry, immunodiagnostics, molecular diagnostics and others (POC devices & rapid tests), and supplying/ manufacturing of in vitro diagnostics (IVD), pathology equipment & devices.

Q-Line Biotech IPO allotment date and time

Q-Line Biotech IPO allotment status is likely to be finalised on Tuesday, May 26, by late evening.

Steps to check Q-Line Biotech IPO allotment status online on NSE

• Visit NSE's IPO status page: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Choose ‘Equity & SME IPO bid details’
• Pick ‘Q-Line Biotech’ under the symbol ‘QLINE’
• Fill in your PAN card number and application number
• Press the 'Submit' button

How to check Q-Line Biotech IPO allotment status online on Purva Sharegistry India

• Go to registrar's official allotment page: https://www.purvashare.com/investor-service/ipo-query
• Select ‘Q-Line Biotech’ from the IPO names
• Add either PAN or application number
• Hit the 'Search' button

Q-Line Biotech IPO listing date and time

Shares of Q-Line Biotech will be listed on the NSE SME platform Emerge on Friday, May 29, at 10 am.

Q-Line Biotech IPO GMP

According to investorgain.com and media reports, Q-Line Biotech's unlisted shares are trading at ₹444 per share, reflecting a grey market premium (GMP) of 29.45% over the upper price band of ₹343.