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Pramodini Medicare IPO allotment finalized for 17 August
Refunds begin on 18 August for non-allottees, and shares are credited to successful applicants in their demat accounts that same day before a 19 August NSE SME listing.
Pramodini Medicare’s IPO share allotment has been finalized for 17 August, and investors can check their allotment status through the registrar’s portal, Purva Sharegistry India Pvt Ltd, by using application number, demat account details, or PAN, according to LiveMint Markets.
For investors who did not receive shares, the refund process is set to start on 18 August, while those allotted shares will have them credited to their demat accounts on 18 August as well.
The shares are scheduled to list on the NSE SME on 19 August. LiveMint Markets also noted that the grey market premium for the IPO is indicated at ₹0, implying the shares are trading at the issue price of ₹118.
LiveMint Markets said the IPO is a book-built SME issue worth ₹69.04 crore, made up of a fresh issue of 54 lakh shares and an offer for sale of 5 lakh shares, with a price band of ₹110 to ₹118. The company plans to use the fresh issue proceeds primarily to purchase medical equipment for its diagnostic centres.