Arunaya Organics IPO subscribed 1.56 times so far on day 3; here's how to check allotment status online

Arunaya Organics IPO: The initial public offering of dye manufacturer Arunaya Organics has been subscribed 1.56 times so far on the final day of subscription on Friday, May 2.

Retail individual investors (RIIs) portion fetched 2.58 times subscription, while the quota for qualified institutional buyers (QIBs) got subscribed 1.00 times. The part reserved for non-institutional investors (NIIs) received 83% subscription until 11:44 am.

The ₹33.99 crore Arunaya Organics IPO is a fresh issue of shares worth ₹30.51 crore and an offer for sale (OFS) of ₹3.48 crore.

The funds raised will be used to establish a manufacturing facility in Gujarat, fund working capital needs, and corporate general purposes.

The price range is set at ₹55 to ₹58 per share. A retail investor can apply for a minimum of 2,000 shares, needing a minimum investment of ₹1,10,000. For high-net-worth individuals, the least investment is ₹2,32,000.

How to check Arunaya Organics IPO allotment status on NSE

• Go to the allotment status link of NSE: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• From 'Equity & SME IPO bid details' and 'Debt IPO bid details', select '‘Equity & SME IPO bid details’
• Choose 'Arunaya Organics' under the symbol 'ARUNAYA'
• Enter the application number and PAN card details
• Click on the 'submit' button

Steps to check Arunaya Organics IPO allotment status on Bigshare Services

• Open Bigshare Services' IPO allotment page: www.bigshareonline.com/ipo_Allotment.html
• Select any one server from three available
• Click on Arunaya Organics Ltd from the list
• Enter either your application number, PAN, or beneficiary ID
• Click on search

Arunaya Organics, founded in 2010, manufactures and trades various types of dyes for the textile and paper sector. Its products are sold in domestic and international markets, including China and Brazil.