Sahajanand Medical Technologies IPO allotment: How to check status online on NSE, BSE, MUFG Intime India; listing date, time here

The basis of allotment for Sahajanand Medical Technologies Ltd, a manufacturer of cardiac stents, will be finalised on Wednesday, October 21. The bid finalisation details will be released on the websites of the NSE, the BSE and MUFG Intime India.

The IPO was subscribed 14.20 times as it got bids for 13,84,72,771 shares compared to 97,50,482 shares on offer, as per NSE data.

The category for qualified institutional buyers (QIBs) received 34.70 times subscription. Also, the portion for non-institutional investors (NIIs) was subscribed 14.64 times and the part for retail investors secured 3.03 times subscription.

The ₹475.48 crore initial share sale was entirely an offer for sale (OFS) of up to 1.38 crore equity shares by existing shareholders, with no fresh issue component. Consequently, the firm will not receive any proceeds from the IPO.

"Our company expects that listing of the equity shares will enhance our visibility and brand and provide liquidity to its existing shareholders. Listing will also provide a public market for the equity shares in India," the firm said in its red herring prospectus.

Sahajanand Medical Technologies is a research and development (R&D)-driven company engageed in the development of Class III and Class C/D medical devices, with a focus on Vascular Intervention and Structural Heart.

Sahajanand Medical Technologies IPO allotment date and time

Sahajanand Medical Technologies IPO allotment is expected to be finalised on Wednesday, October 21, by evening.

How to check Sahajanand Medical Technologies IPO allotment status online on NSE

• Head to NSE's IPO status link: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Select ‘Equity & SME IPO bid details’
• Pick 'SMT' from the 'Select Symbol' menu
• Fill in either your PAN or application number
• Press the 'Submit' button

Steps to check Sahajanand Medical Technologies IPO allotment status online on BSE

• Open BSE's IPO allotment status page: https://bseindia.com/investors/appli_check.aspx
• Issue type should be kept as 'Equity'
• Select 'Sahajanand Medical Technologies Ltd' from the IPO names
• Add your IPO application number or PAN
• Hit the 'Search' button

Sahajanand Medical Technologies IPO allotment status online on MUFG Intime India

• Open the registrar's allotment status page in your browser: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
• Choose ‘Sahajanand Medical Technologies Ltd’ from the IPOs names
• Type application No, Account No/IFSC, DP/Client ID or PAN
• Click on the ‘Submit’ button

Sahajanand Medical Technologies IPO listing date and time

Shares of Sahajanand Medical Technologies will start trading on the NSE and the BSE on October 23 at 10 am.