Naman In-Store (India) IPO Allotment Status

Building blocks of the Naman In-Store (India) Ltd IPO

Naman In-Store (India) IPO is book built issue of Rs 25.35 crores. It consists entirely of fresh issue of 28.48 lakh shares.

Naman In-Store (India) IPO opens for subscription on March 22, 2024, & closes on March 27, 2024. allotment is expected to be finalized on March 28, 2024. Naman In-Store (India) IPO will list on NSE SME with tentative listing date set for April 2, 2024.

Price band for Naman In-Store (India) IPO is set at ₹84 to ₹89 per share. Minimum lot size for application is 1600 shares.  Minimum investment required by retail investors is ₹142,400. For HNI, minimum lot size is 2 lots (3,200 shares) amounting to ₹284,800.

Naman In-Store ‘s book running lead manager is GYR Capital Advisors Private Limited, while Bigshare Services Pvt Ltd is registrar for issue. Market maker for Naman In-Store (India) IPO is Giriraj Stock Broking.

How to check allotment status of Naman In-Store (India) Ltd IPO?

Since this is an NSE SME IPO, there is no facility to check on the exchange website and BSE only offers allotment status for the mainboard IPOs and for BSE SME IPOs. If you have applied for the IPO, you can check your allotment status only on the website of the IPO registrar, Bigshare Services Pvt Ltd.

Alternatively, if your broker provides you a link to access the allotment status, you can do the same. Here are the steps that you need to follow to check allotment status on the website of the IPO registrar, Bigshare Services Pvt Ltd. The same can typically checked once the basis of allotment is finalized in this case, which will be late on 28th March 2024.

Checking the allotment status on Bigshare Services Pvt Ltd (Registrar to IPO)

Visit the Bigshare Services Pvt Ltd registrar website for checking the IPO allotment status by clicking on the link below:

https://ipo.bigshareonline.com/IPO_Status.html

There are three things to remember. Firstly, you can just click on the hyper link given above and directly go to the allotment checking page. The second option, in case you are not able to click on the link, is to copy the link and paste in your web browser. Thirdly, there also a way to access this page via the home page of Bigshare Services Pvt Ltd by clicking on the IPO Allotment Status link displayed prominently on the home page. It all works the same.

Once you go to the main allotment status page of Bigshare Services Pvt Ltd the investors have 2 options. They can either query for the IPO allotment status based on the Application Number or on the basis of a combination of DP ID and Client ID. Here is how you can go about both these options.

•    To Query by Application Number, click on the “Search on Application No.” hyperlink. This will take you to a fresh page with a box provided to input the application number. Here is what needs to be done.

o    Enter the Application Number as it is
o    Enter the 6-digit Captcha Code
o    Click on Submit button
o    Allotment Status gets displayed on screen showing number of shares allotted

•    To Query by DP-ID, click on the “Search on DP-id/Client id” hyperlink. This will take you to a fresh page with 2 boxes provided to input the DP ID and the Client ID in that order. Here is what needs to be done.

o    Enter the DP-ID
o    Enter the Client-ID
o    Enter the 6-digit Captcha Code
o    Click on Submit button
o    Allotment Status gets displayed on screen showing number of shares allotted

Bigshare Services Pvt Ltd offers you the facility to toggle between the two search options of application number and DP id, without going back to the main page. It is a good idea to take a screenshot of the final output for your records and also for reconciliation with the demat account on the demat allotment date.

There are some basic rules to remember here. The basis of allotment is being finalized on 28th March 2024, so the investors would be able to access the online allotment status facility, either late on 28th March 2024 or by the middle of 29th March 2024. Once you get the online output, you can save a screenshot of the same, so that the same can be later reconciled with the demat credit on 01st April 2024 or later. It would appear on the demat account with ISIN Number.

How allocation quota and Subscription Impact basis of Allotment

Here is a quick look at how the allocation was made across different categories of investors in the IPO of Naman In-Store (India) Limited at the close of the IPO on 27th March 2024.

Data Source: NSE

Final subscription status of Naman In-Store (India) IPO reveals overwhelming investor interest, with total bid-to-offer ratio reaching 308.96 times. Here's breakdown of subscription across different investor categories:

Anchor investors subscribed 1 time, indicating stable interest from this category. Similar to anchor investors, market makers also subscribed 1 time, demonstrating moderate interest level. This category showed remarkable enthusiasm, subscribing at staggering 109.75 times. Qualified institutions bid for shares significantly higher than offered quantity, indicating strong confidence in IPO. Non-institutional buyers exhibited immense interest, with subscription of 528.12 times. This category, comprising high net-worth individuals & corporate investors, bid for shares substantially higher than available quantity, showcasing robust demand. Retail investors also displayed significant interest, subscribing 328.67 times. This high subscription rate suggests strong retail participation & confidence in IPO.

Overall, IPO received total of 194,574 applications, reflecting widespread interest among investors. Substantial oversubscription across all investor categories indicates positive market sentiment & underscores attractiveness of Naman In-Store IPO. Investors showed confidence in company's prospects, leading to overwhelming response during subscription period.

Next steps in the IPO of Naman In-Store Ltd

With the IPO of Naman In-Store Ltd closed for subscription at the end of 27th March 2024, the next piece of action shifts to the finalization of the basis of allotment and later to the listing of the IPO. The basis of allotment will be finalized on 28th March 2024 while the refunds would be initiated on 01st April 2024. The shares of Naman In-Store Ltd would be credited to the demat accounts of eligible shareholders by the close of 01st April 2024 while the stock of Naman In-Store Ltd is expected to be listed on 02nd April 2024. The listing will happen on the NSE SME segment for small companies, which is distinct from the regular mainboard IPO space.

Investors would do well to remember that the level of subscription is very material as it determines the chances of getting allotment. Normally, higher the subscription ratio, lower the chances of allotment and vice versa. In this case, the subscription levels have been very modest in the IPO; both in the Retail segment and also in the HNI / NII segment. Investors in the IPO need to assess their chances of allotment accordingly. The final status will be known once the basis of allotment is finalized and uploaded for you to check. You can apply the above allotment checking process flow after the basis of allotment is finalized.