Sangani Hospitals IPO allotment today: Follow these steps to check status
The shares of Sangani Hospitals will be allotted to eligible bidders on August 16. Here's how they can check the application status.
Sangani Hospitals is set to finalise share allotment on Friday, August 11 after its initial public offering.
The multi-specialty healthcare services provider based in Gujarat saw strong demand, resulting in an oversubscribed initial public offer (IPO) of 4.5 times.
How to check the application status?
- Visit NSE's application status page
- Choose 'equity' under 'issue type'
- Select Sangani Hospitals from the dropdown
- Enter the application number and PAN, then submit
You can also check the IPO allotment status on Bigshare, which is the registrar of the IPO.
- Visit Bigshare link: https://ipo.bigshareonline.com/ipo_status.html
- Choose "Sangani Hospitals IPO."
- Select 'Application No/CAF No or Beneficiary ID or PAN Number.'
- Click 'Search' for status.
Sangani Hospitals IPO details, GMP
The IPO, ranging from Rs 37 to Rs 40 per share, was open for subscription from August 4 to August 8, with a potential fundraise of approximately Rs 16 crore at the upper price band.
Following allotment finalisation on Friday, Sangani Hospitals will initiate refunds by August 14. Listing on the NSE Emerge, an SME platform, is scheduled for August 17.
The grey market premium (GMP) for Sangani Hospitals SME IPO is around Re 1, indicating an expected listing price of Rs 41. It may be noted that GMP represents the unofficial pre-listing stock price in the grey market.
Incorporated in November 2021, Sangani Hospitals operates multi-specialty hospitals across Gujarat.
