share allotment of Kronox Lab IPO is expected to be finalised today. Investors will receive shares on a lottery basis and the whole process was supervised by the registrar.
On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. They can check the allotment status through the BSE or by visiting the registrar's website. Here's how you can check the status on BSE.
Step 1: Visit the BSE Website
Step 2: Please select the issue name, that is the company's name in the drop down.
Step 3: Enter the application number or PAN number to check the allotment status.
The allotment status can also be checked by visiting the official website of the registrar to the issue which is Kfin Technologies in this case.
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Step 1: Visit the IPO Allotment Status page on Kfin Technologies website
Step 2:Select IPO from the dropdown
Step 3: Put Application No. and enter captcha and 'Submit'.
The company's shares are expected to get listed on the exchanges on June 10. According to market sources, Kronox Lab is commanding a premium of Rs 50 in the unlisted market.
Considering the upper price band of Rs 136, the stock is likely to debut with a premium of 37%.
The issue received overwhelming response from investors with an overall subscription of over 118 times, driven by strong interest from non-institutional investors.
Kronox Lab Sciences manufactures high purity Speciality fine chemicals for diversified end-user