Sat Kartar Shopping IPO allotment: Steps to check status on NSE, Skyline Financial Services

Ayurvedic and wellness products seller Sat Kartar Shopping Ltd is expected to finalise the share allotment status for its initial public offer on Wednesday, January 15.

The company’s ₹33.80-crore IPO closed successfully on Tuesday, January 14, with an overall subscription of more than 332 times.

In the non-institutional investor category, the issue was booked a whopping 808 times. The NIIs placed applications for 47.86 crore shares against the allotted quota of 5.92 lakh shares. The retail segment was booked 249 times with investors applying for more than 34.36 crore shares against 13.79 lakh shares set aside for them.

The Qualified Institutional Buyers’ (QIBs) category was booked 124 times. The QIBs placed bids for 10 crore shares against the quota of 8.06 lakh shares.

The investors, who participated in the bidding process, are now waiting for the Sat Kartar Shopping IPO allotment status to be finalised.

How to check Sat Kartar Shopping IPO share allotment status

Sat Kartar Shopping Ltd will inform successful bidders about the allotment through emails and SMS. Investors can check the allotment status on the websites of the IPO registrar, Skyline Financial Services Private Ltd, and the NSE.

How to check share allotment on Skyline Financial Services website

• Open the IPO allotment status page on the Skyline Financial Services website: https://www.skylinerta.com/display_ipo_rightissue_allotment.phpv
• Select Sat Kartar Shopping Ltd from list for company names (the name will appear after IPO allotment finalisation)
• Enter the CAF (Common Application Form) number or PAN details
• Click on the ‘Search’ button.

Steps to check IPO allotment status on the NSE website

• Go to NSE IPO allotment page HERE
• Login with username and password provided by NSE. The new users need to register on the NSE website.
• Select Sat Kartar Shopping Ltd from the dropdown list for issue names
• Verify PAN details
• Enter IPO application number
• Click on ‘Submit’

Sat Kartar Shopping IPO details

• Sat Kartar Shopping IPO was a book-building issue worth ₹33.8 crore. The IPO comprised only a fresh issue of 41.73 lakh shares.
• The IPO price band was fixed at ₹77 to ₹81 per share.
• The minimum lot size was 1,600 shares for a single application by retail applicants, amounting to an investment of at least ₹1,29,600.
• The IPO was open for bidding from January 10 to January 14.
• After finalising IPO share allocation, Sat Kartar Shopping will initiate refunds and transfer of shares to the Demat accounts on January 16.
• Sat Kartar Shopping Ltd has proposed to list its shares on the NSE SME platform on Friday, January 17.

Use of IPO proceeds

Sat Kartar Shopping Ltd offers Ayurvedic solutions and natural wellness products addressing various health concerns. The direct-to-consumer company sells products through its online platform and third-party e-commerce websites.

The company has proposed to utilise the IPO proceeds to meet expenses of Unidentified Acquisition (in India or Abroad). A portion of the funds will be used for marketing and advertisement expenses. Another ₹8 crore will be allocated for capital expenditure plans. The company will invest ₹5 crore in technology upgradation. The remaining amount will be utilised for general corporate purposes.

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