Mono Pharmacare IPO allotment today: GMP, here's how to check allotment status

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Also Read: Ratnaveer IPO gets fully subscribed. GMP, subscription status, review, other details. Apply or not? You can check the Mono Pharmacare IPO allotment status of your application on this link - https://ipo.bigshareonline.com/ipo_status.html Login at direct Bigshare link — https://ipo.bigshareonline.com/ipo_status.html Select "Mono Pharmacare IPO" in company name section.

Select 'Application No/CAF No or Beneficiary ID or PAN Number. Click at 'Search' Your Mono Pharmacare IPO allotment status will become available on your computer monitor on the display of your cell phone. Mono Pharmacare IPO GMP today or grey market premium is +3 similar to the previous five trading sessions.

This indicates Mono Pharmacare share price were trading at a premium of ₹3 in the grey market on Monday, according to topsharebrokers.com Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Mono Pharmacare share price is ₹31 apiece, which is 10.71% higher than the IPO price of ₹28. According to topsharebrokers.com, the lowest GMP is ₹0, while the highest GMP is ₹3. 'Grey market premium' indicates investors' readiness to pay more than the issue price.

Also Read: Ratnaveer IPO: Issue subscribed 5.76 times on day 1; NII, retail portion oversubscribed Mono Pharmacare IPO consists of fresh issue of 53,00,000 equity shares aggregating to ₹14.84 crore. There's no offer for sale (OFS) component. According to company's Red Herring Prospectus it intends to use the gross proceeds to meet the working capital requirements; general corporate purposes; and to meet the issue expenses.