Corona Remedies IPO allotment: Check status online on Bigshare Services, NSE, BSE; listing date, time here

Corona Remedies IPO: The basis of allotment of pharma company Corona Remedies Ltd will be finalised on Thursday, December 11. Investors who have applied for the public offer can check bid finalisation details on the websites of the NSE, the BSE and the registrar, Bigshare Services Pvt Ltd.

The initial share sale was subscribed 137.04 times, with bids for 62,65,41,440 shares against 45,71,882 shares on offer, according to the stock exchange data.

Category-wise, the part meant for retail individual investors (RIIs) was subscribed 28.73 times, while the portion for qualified institutional buyers (QIBs) got 278.52 times subscription. The quota for non-institutional investors was subscribed 208.88 times.

The book-build issue sought to raise ₹655.37 crore via solely an offer for sale of 0.62 crore shares. Under the OFS, promoters Dr Kirtikumar Laxmidas Mehta, Dipabahen Niravkumar Mehta, Minaxi Kirtikumar Mehta and Brinda Ankur Mehta, along with investors Anchor Partners, Sage Investment Trust and Sepia Investments are offloading their stake.

As there was no fresh issue component, the company will not get any proceeds from the IPO.

The price band was fixed at ₹1,008 to ₹1,062 per share, and a lot consisted of 14 shares.

Ahmedabad-headquartered Corona Remedies Limited is a pharmaceutical formulation firm involved in developing, manufacturing and marketing products in women's healthcare, pain management, cardio-diabeto, urology and other therapeutic areas.

Corona Remedies IPO: Allotment date and time

How to check Corona Remedies IPO allotment status online on NSE

• Head to this link: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Pick the ‘Equity & SME IPO bid details’ option
• Select ‘Corona Remedies Ltd’ under the symbol ‘CORONA’
• Add your application number and PAN (Permanent Account Number) details
• Press the 'Submit' button

Steps to check Corona Remedies IPO allotment status online on BSE

• Go to BSE's allotment status page: https://bseindia.com/investors/appli_check.aspx
• Pick ‘Equity’ as the issue type
• Select 'Corona Remedies' from the ‘Issue Name’ list
• Fill in PAN or IPO application number
• Click on 'Search'

Corona Remedies IPO allotment status online on Bigshare Services

• Visit Bigshare Services' IPO status page: www.bigshareonline.com/ipo_Allotment.html
• Select any one from three servers available on the screen
• Choose 'Corona Remedies' from the public offer names
• Mention your application number, beneficiary ID or PAN
• Post 'Captcha' verification, hit the 'Search' button

Corona Remedies IPO listing date and time

Shares of Corona Remedies will be listed on the NSE and the BSE on December 15 at 10 am.

Corona Remedies IPO GMP