The basis of the allotment of shares of Sat Kartar Shopping is expected to be finalised today, Wednesday, 15 January 2025, following the closure of the subscription window for its initial public offering (IPO).
Over the three-day bidding process from 10 to 14 January, the Sat Kartar Shopping IPO received a solid response from investors, who subscribed to the issue 332.78 times. Overall, investors applied for 92,43,95,200 shares compared to the 27,77,800 shares on offer.
The demand was led by the non-institutional investors (NII) category, which subscribed for 808.3 times the allotted shares. The retail category was subscribed 250.35 times and the qualified institutional buyer (QIB) portion was subscribed 124.75 times.
The SME IPO of the healthcare products player is a fresh issue of 41.73 lakh shares worth Rs 33.8 crore, priced at Rs 77 to Rs 81 per share. Investors who applied for the NSE SME issue can check the allotment status on the websites of registrar Skyline Financial Services Pvt and NSE.
Unsuccessful bidders will start receiving refunds of their investment on 16 January. Successful bidders will also get the credit of shares to their demat accounts on the same day.
Shares of Sat Kartar Shopping Ltd are expected to be listed on the NSE SME platform, Emerge, on Friday, 17 January.
Follow the steps below to check Sat Kartar Shopping IPO Allotment Status on NSE:
Go to the allotment status check page of the NSE
Sign in with your username and password, or create a new account if you don’t have one
From the available options in the dropdown, select ‘Sat Kartar Shopping Ltd’
Enter the applicant’s PAN details for verification
Provide the IPO application number in the required field
Click on the ‘Submit’ button to view the allotment status
To check the allotment status for Sat Kartar Shopping IPO on Skyline Financial Services, follow these steps:
Visit the official website of Skyline Financial Services Pvt. Ltd
Under the "Check Application Status" section, select ‘Sat Kartar Shopping Ltd’ from the available options
Choose your preferred method of identification: DPID/Client ID, Application Number or PAN
Enter the required details based on your selection
Click on the "Search" button to view your IPO allotment status
Narnolia Financial Services is the book-running lead manager of the Sat Kartar Shopping IPO, while Skyline Financial Services is the registrar for the issue.
Sat Kartar Shopping IPO GMP
The unlisted shares of Sat Kartar Shopping were commanding a solid premium of ₹60 in the grey market, according to investorgain.com. With the price band of ₹81, the estimated listing price of Sat Kartar Shopping SME IPO is ₹141, considering the current Grey Market Premium (GMP). This suggests an expected gain of around 74 per cent.
About the company
Incorporated in June 2012, Sat Kartar Shopping is an Ayurveda healthcare company offering natural wellness solutions and lifestyle products based on traditional Ayurvedic practices. Its products cater to specific therapeutic areas and lifestyle-related curative needs, including addiction, personal care and wellness. The company operates through various channels, including its website, e-commerce platforms and digital media.
