Ideal Technoplast IPO Allotment Status

Summary 

Ideal Technoplast Industries IPO has witnessed an exceptional response, closing with a subscription of 116.75 times. The public issue attracted significant interest across all investor categories, with the retail segment leading the charge. In the retail category, the IPO was subscribed 115.57 times, showcasing the strong demand from individual investors. The "Others" category, which includes Non-Institutional Investors (NII) and Qualified Institutional Buyers (QIB), also demonstrated robust participation, subscribing 108.49 times.

Overall, the IPO garnered substantial attention, with 72,694 applications being submitted. The overwhelming response from various investor segments has made the Ideal Technoplast Industries IPO one of the most sought-after offerings of the year. By August 23, 2024, the IPO had accumulated bids for 14,68,70,000 shares against the 1,258,000 shares offered, amounting to a total bid value of Rs 1,777.13 crore. This remarkable subscription level highlights the strong investor confidence in Ideal Technoplast Industries' growth potential and prospects.

How to Check Ideal Technoplast IPO Allotment Status:

How do you Check Ideal Technoplast IPO Allotment Status on the Registrar's Site?

To find out if you received an allotment for the Ideal Technoplast Industries public issue IPO, follow the steps below;

Step 1: Go to the IPO allotment page of Bigshare Services (registrar) (https://ipo.bigshareonline.com/IPO_Status.html)

Step 2: Choose Ideal Technoplast Industries as the issuing company name from the drop-down option.

Step 3: You can now select to submit your DP customer ID/Demat account number, IPO Application number, or PAN number.

Step 4: Enter information using the chosen option.

Step 5: When you tap the 'Search' option, the screen will display the allocation status.
Shares you apply for and are awarded to you will be shown on the screen.

How to Check Ideal Technoplast Industries IPO Allotment Status on BSE?

Here's how to use the BSE website to monitor the progress of Ideal Technoplast Industries IPO allotment.

Step 1: Go to the BSE website. (https://www.bseindia.com/investors/appli_check.aspx)

Step 2: Under Issue Type, choose "Equity."

Step 3: From the drop-down option, select Ideal Technoplast Industries IPO.

Step 4: Type in the PAN or Application No.

Step 5: Select "I am not a Robot" and press "Submit."

How to Check IPO Allotment Status in a Bank Account?

Log into your Internet Banking: Go to your bank's website or mobile app and log in.

Explore IPO Section: Locate the "IPO Services" or "Application Status" sections by going to the IPO Section. You can find this under the investing or services tab.

Offer Required Information: You might be asked to provide information like your PAN, application number, or other identifiers.

Verify Allotment Status: An IPO allotment status that indicates the available shares for allocation should show up once you submit your information.

Verify Status: To ensure accuracy, you can verify the status with the IPO Registrar or use other resources.

How to Check IPO Allotment Status in a Demat Account?

Open Your Demat Account and Log in: To access your Demat account, use the mobile app or website of your Depository Participant (DP).

Find IPO Section: Look for the section titled "IPO" or "Portfolio." Search for any services or entries connected to the IPO.

Verify IPO Allotment Status: Look through the IPO section to see if the shares you were given are visible in your Demat account. This section often displays the status of your IPO application.

Verify with Registrar: If the IPO shares are inaccessible, visit the Registrar's website and enter your application data to verify allocation.

Contact DP service if Needed: If there are any discrepancies or problems, contact your DP's customer service.

Ideal Technoplast Industries IPO Timeline:

Ideal Technoplast IPO Subscription Status

The Ideal Technoplast IPO received 116.75 subscriptions. By 23rd August, 2024 (Day 3), the public issue had been subscribed 115.57 times in retail and 108.49 times in other categories.

Subscription Day 1
Total Subscription: 5.51 times.
Other: 2.29 times.
Retail investors: 8.74 times.

Subscription Day 2
Total Subscription: 11.49 times.
Other: 3.47 times.
Retail investors: 19.52 times.

Subscription Day 3
Total Subscription: 116.75 times.
Other: 108.49 times.
Retail investors: 115.57 times.

Ideal Technoplast Industries IPO Details

Ideal Technoplast Industries' Initial Public Offering (IPO) is a fixed-price offering amounting to ₹ 16.03 crores, consisting entirely of a new issuance of 13.25 lakh shares.

The bidding period for the Ideal Technoplast Industries IPO commenced on 21 August 2024 and concluded on 23 August 2024. The allotment results for this IPO are anticipated to be finalised on 26 August 2024. The shares will be listed on the NSE SME, with a provisional listing date set for 28 August 2024.

The price per share for the Ideal Technoplast Industries IPO is ₹121. The minimum application lot size is 1,000 shares, requiring a minimum investment of ₹121,000 for retail investors. The minimum investment for high-net-worth individuals (HNIs) involves 2 lots (2,000 shares), totalling ₹242,000.

Swastika Investment Ltd is the book-running lead manager for the Ideal Technoplast Industries IPO, while Bigshare Services Pvt Ltd is the registrar. Sunflower Broking is designated as the market maker for this IPO.