SD Retail IPO allotment expected today: Steps to check status on NSE, Kfin Tech

Apparel manufacturer and retailer SD Retail Ltd is expected to announce the share allotment status on Wednesday, September 25.

The ₹64.98-crore SD Retail IPO closed for bidding on Tuesday, September 24. After the end of the subscription period, the investors are waiting for the SD Retail IPO allotment status to be finalised.

The initial public offering of SD Retail Limited generated strong demand during the subscription period and closed with an overall booking of 97.15 times.

Investors are now awaiting the finalisation of the IPO share allotment status. The allottees will be intimated about the share allocation through SMS and emails on registered IDs. The SD Retail IPO share allotment status can be checked easily on the NSE and the website of the IPO registrar, Kfin Technologies Ltd.

Steps to check SD Retail Ltd share allotment on IPO Registrar's website

• Visit Kfin Technologies Ltd’s official website (https://www.kfintech.com )
• Go to products section
• Click on IPO share allotment
• Click on select company and choose SD Retail Ltd
• Enter any of these— application number, PAN, or client ID
• Enter the captcha code and click Submit

Steps to check SD Retail Ltd share allotment status on the NSE website

• Open NSE IPO allotment status page: https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp.
• Login with username and password provided by NSE (Investors need to register on the NSE website before checking the IPO allotment status).
• Select SD Retail Ltd from the dropdown menu for issue names.
• Verify PAN details.
• Enter IPO application number.
• Click on Submit.

SD Retail IPO subscription and other details

SD Retail Limited IPO was booked 97.15 times on the last day of bidding with applications for more than 32.04 crore shares against 32.98 lakh shares on offer.

The retail individual investors’ portion was booked 65.24 times. Applications for 10.75 crore shares were received against 16.49 lakh shares set aside for them.

The Non-Institutional Investors’ portion was subscribed 207.97 times as applications for 14.7 crore shares were received from the non-institutional investors (NIIs) against 7.07 lakh shares on offer for the segment.

The Qualified Institutional Buyers (QIBs) placed bids for 6.57 crore shares against 9.42 lakh shares set aside for the category. The QIBs portion was subscribed 69.84 times.

The NSE SME issue was open for bidding from September 20 to September 24.

SD Retail raised ₹18.5 crore from anchor investors on September 19 ahead of the launch of the issue for public investors. The company allotted 1,412,000 equity shares to 11 fund schemes at a price of ₹131 per share. North Star Opportunities Fund VCC, Nav Capital VCC, Beacon Stone Capital VCC, and M7 Global Fund PCC are among the anchor investors.

SD Retail IPO was a book-building offer and comprised an entirely fresh issue of 49.6 lakh shares.

The IPO price band was fixed at ₹124 and ₹131 per share. The minimum lot size for retail investors was 1,000 shares, amounting to an investment of ₹1,31,000.

SD Retail IPO to list shares on Sept 27

According to SD Retail RHP, the company is expected to credit shares to the Demat accounts of successful bidders on September 26, and refunds will be initiated the same day.

The company has proposed to list shares on the NSE SME platform on September 27.

About SD Retail Limited

Founded in May 2004, SD Retail Ltd designs, manufactures, and retails sleepwear under the Sweet Dreams brand. It makes sleepwear for men, women, and children aged 2 to 16.