Silkflex Polymers IPO allotment status expected on May 13: Steps to check share allocation

Silkflex Polymers (India) Ltd IPO share allotment status is likely to be finalised on Monday, May 13. The ₹18.11-crore initial public offering of Silkflex Polymers (India) Ltd was open for subscription from May 7 to May 10 on the NSE SME platform Emerge.

The issue closed with an overall subscription of more than 39 times. The company will announce the share allotment on Monday. Investors can check the status of share allotment on the websites of NSE and IPO registrar - Bigshare Services Pvt Ltd

How to check Silkflex Polymers IPO share allotment status on registrar website

Steps to check Silkflex Polymers Ltd IPO share allotment on the NSE website

• Go to the NSE page: https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Login with username and password
• Select Silkflex Polymers (India) Ltd
• Verify PAN
• Enter IPO application No
• Click on Submit

Silkflex Polymers (India) Ltd subscription

The ₹18.11-crore Silkflex Polymers (India) Ltd IPO was a fixed price issue and comprised a fresh issue of 34.82 lakh shares. Silkflex Polymers fixed the IPO price at ₹52 per share. The minimum lot size was 2000 shares for retail investors. The minimum investment was ₹104,000.

At the close of bidding on May 10, the Silkflex Polymers IPO was booked a little over 39 times.

The IPO garnered bids for 12.98 crore equity shares worth around ₹675 crore against 33.04 lakh shares on offer for subscription.

Retail investors’ category was booked nearly 36 times as bids for 594 lakh shares were received against 16.52 lakh shares on offer for subscription.

The other investors’ category was booked around 37 times. Bids for 604 lakh shares were received against 16.52 lakh shares on offer.