Speciality Medicines IPO allotment: How to check status online on BSE, Skyline Financial Services

Speciality Medicines IPO allotment: The basis of allotment of Speciality Medicines is expected to be finalised on Wednesday, March 25. Investors who have applied for the issue can check details on BSE and Skyline Financial Services websites.

The issue was subscribed to a total of 2.19 times. It got bids for 51,37,000 shares as against 23,50,000 shares on offer, according to the BSE website.

The initial public offering was exclusively a fresh issuance of 23.50 lakh shares aggregating to ₹29.14 crore. There was no offer for sale (OFS) component.

"In addition, our company expects to receive the benefits of listing of the equity shares on the stock exchange, including enhancement of our company's brand name and creation of a public market for our equity shares in India," according to the red herring prospectus (RHP).

The price band was fixed at ₹117 to ₹124 per share. The application size for the lot was 1,000 shares. The minimum investment for an individual investor was 2,000 shares or two lots.

The money generated will be utilised to set up a research & development facility, marketing and promotional activities, product registration in international markets and product development, working capital needs and corporate general purposes.

Speciality Medicines is involved in marketing and distributing of finished formulations of speciality pharma products globally.

Speciality Medicines IPO allotment date and time

The speciality medicines IPO allotment status is likely to be finalised on Wednesday, March 25, by late evening.

Speciality Medicines IPO allotment status online on BSE; full steps

• Go to BSE's IPO status portal: https://bseindia.com/investors/appli_check.aspx
• Issue type should be kept as 'Equity'
• Select 'Speciality Medicines Ltd' from the 'Issue Name' list
• Mention your application number or PAN card details
• Click on the ‘Search’ button

How to check Speciality Medicines IPO allotment status online on Skyline Financial Services

• Open this page in your browser: https://www.skylinerta.com/ipo.php
• Select 'Speciality Medicines' from the company names
• Verify yourself using your DPID/Client ID, PAN number or application number
• Hit the 'Search' button

Speciality Medicines IPO listing date and time

Shares of Speciality Medicines Ltd will start trading on the BSE SME platform on March 30.