Solve Plastic Products IPO: Steps to check allotment status on NSE and Integrated Registry Management

Solve Plastic Products share allotment is set to be finalised on Monday, August 19. The initial public offer (IPO) was booked over 34 times led by a strong retail demand during the three-day bidding window ending on Friday, August 17. The company received bids for over 4.2 crore shares against 12.36 lakh shares on offer.

The retail allocation of this NSE SME IPO was booked over 46.76 times with bids for more than 2.88 crore shares against 6.18 lakh shares set aside for the category.

With the subscription process over, investors are awaiting the share allotment in Solve Plastic Products IPO.

Bidders can check their IPO allotment status on the NSE portal as well as the registrar Integrated Registry Management Services Private Limited’s website.

Steps to check Solve Plastic Products IPO share allotment status on the NSE website

Here is how to check Solve Plastic Products share allotment status on NSE website

• First, go to the NSE IPO allotment status page through the link www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Next, log in with your username and password. Create an account on the NSE website if you already do not have one, to check the status
• Select Solve Plastic Products from the drop-down menu from the issue name
• Now, verify your PAN
• Next, enter your IPO application No
• Finally, click on Submit to view the allotment details

Steps to check Solve Plastic Products IPO share allotment status on the registrar's website

Here is how to check Solve Plastic Products IPO share allotment status on Integrated Registry Management Services Private Limited’s website.

• Go to the website of the registrar by clicking the link https://www.integratedregistry.in/
• Click on the ‘Corporate Services’ option from the dropdown menu and choose IPO allotment status
• From the list of company names, select Solve Plastic Products
• Enter the required details like your PAN and application number
• Click on submit to view the allotment status

Refunds for non-allottees will be initiated on Tuesday, August 20 along with credit of shares into the demat account of successful bidders on the same day. Shares of Solve Plastic Products are set to be listed on NSE Emerge on Wednesday, August 21.

Solve Plastic Products IPO details

Solve Plastic Products IPO is a fixed-priced issue worth ₹11.85 crore. It consists entirely of 13.02 lakh shares offered at ₹91 per share. Retail investors could have submitted their bids with a minimum lot size of 1200 shares totally an investment of ₹1,09,200. Finshore Management Services Limited is the book-running lead manager of the SME IPO.

Solve Plastic Products IPO objective

The net proceeds from the IPO will be used by Solve Plastic Products for capital expenditure on the purchase of additional plant and machinery. Further, a portion of the money will also be used for the company’s working capital requirements, issue expenses and general corporate purposes.

About Solve Plastic Products

Solve Plastic Products Limited is a manufacturer of UPVC pipes and rigid PVC electrical conduits. The company has three manufacturing facilities in Kerala and one in Tamil Nadu.