The subscription window for Nanta Tech's initial public offering (IPO) concluded on Friday, December 26, marking the end of the bidding phase. The company's share sale, which opened on December 23, has now entered the next critical stage. Investor attention is firmly fixed on the allotment of shares, which is scheduled to be finalized on Monday, December 29.
Strong Investor Response and Subscription Details
The public offering from Nanta Tech witnessed a healthy response from the investment community. Overall, the IPO was subscribed 6.43 times the shares on offer by the close of the bidding period. A closer look at the category-wise subscription data reveals robust demand. The portion reserved for Qualified Institutional Buyers (QIBs) was the most sought-after, getting subscribed a significant 12.98 times.
The Non-Institutional Investor (NII) segment, which includes high-net-worth individuals, was booked 7.03 times. The retail investor quota also saw steady interest, receiving 2.91 times bids. The IPO was a fresh issue of equity shares worth ₹31.81 crore, with a price band set at ₹209 to ₹220 per share.
Utilisation of Proceeds and Listing Timeline
The capital raised through this public offering is earmarked for specific growth initiatives. The company plans to allocate the net proceeds towards funding capital expenditure for establishing an experience centre and product display area. A portion will also be used to meet working capital requirements and for general corporate purposes.
Following the allotment, the shares of Nanta Tech are set to make their market debut. The listing on the BSE SME platform is scheduled for Tuesday, December 31. This will provide liquidity to investors and mark the company's entry into the public markets.
How to Check Your Nanta Tech IPO Allotment Status
Investors who applied for the IPO can check their allotment status online starting December 29. The process can be completed through the websites of the designated exchange or the registrar. For this issue, BSE is the exchange and Bigshare Services Pvt. Ltd. is the registrar.
Steps to check status on the BSE website:
- Visit the BSE allotment status page.
- Select 'Equity' as the issue type.
- Choose 'Nanta Tech' from the dropdown menu for issue name.
- Enter your application number or PAN card number.
- Complete the captcha verification and click 'Search'.
Steps to check status on Bigshare Services' website:
- Go to the IPO allotment section on Bigshare's portal.
- Select Nanta Tech from the company list.
- Choose your identification method (Application Number, PAN, or Beneficiary ID) and enter the details.
- Input the captcha code and hit the search button.
Grey Market Premium Holds Steady
In the unofficial grey market, the premium for Nanta Tech shares remains stable. Market observers indicate that the current Grey Market Premium (GMP) is around ₹10. This points towards an anticipated listing price of approximately ₹230, which would represent a premium of about 4.55% over the upper end of the IPO price band of ₹220.
Disclaimer: This information is for educational purposes only. The market is subject to risks, and readers are strongly advised to consult with certified financial experts before making any investment decisions. Market conditions can change rapidly, and individual circumstances must be considered.
