Global Pet Industries IPO: How to check Allotment Status

The ₹13.23 crore of Global Pet Industries IPO consists entirely of a fresh issue with no offer for sale (OFS) component in the said issue size. The company has issued a total of 27 lakh shares at a fixed price of ₹49 per share aggregating to total issue size of ₹13.23 crore. The break-down of the offer reservation across different categories of investors is as under.

The response to the IPO of Global Pet Industries Ltd was very moderate with the entire oversubscription for both the categories only coming in on the last day of the IPO. It was subscribed 4.30X overall at the close of bidding on 03rd July 2023 with the retail segment seeing 4.14 times subscription and the non-retail portion seeing 4.44 times subscription. The table below illustrates the overall allocation of shares with the oversubscription details as of the close of the IPO on 03rd July 2023.

The basis of allotment will be finalized on Thursday, 06th July 2023, the refunds will be initiated on 07th July 2023, demat credits will be finalized on 10th July 2023, while the stock of Global Pet Industries Ltd will get listed on the NSE SME IPO segment on 11th July 2023. The company had a pre-IPO promoter holding of 100% and post the IPO, the promoter stake in Global Pet Industries Ltd will stand reduced to 72.41%. On listing, the company will have an indicative P/E ratio of 23X.

How to check the allotment status. 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 only check your allotment status on the website of the IPO registrar, Bigshare Services Private Limited. Here are the steps that you need to follow to check allotment status.

Checking the allotment status of Global Pet Industries Ltd on the website of Bigshare Services Private Limited (Registrar to IPO)

Visit the Bigshare Services registrar website for IPO status by clicking on the link below:

https://www.bigshareonline.com/ipo_Allotment.html

Here you are given the choice to select 3 servers viz. Server 1, Server 2, and Server 3. There is nothing to be confused, as these are just server backups in case one of the servers is experiencing too much traffic. You can select any of these 3 servers and in case you are finding problems accessing one of the servers, then try the other one. There is no difference, which server you select; the output would still be the same across.

This dropdown will only show the active IPOs, so once the allotment status is finalized, you can select Global Pet Industries Ltd from the dropdown box. The allotment status will be finalized on Thursday, 06th July 2023, so in this case, you can access the details on the registrar website either late on 06th July 2023 or by middle of 07th July 2023. Once the company is selected from the dropdown box, you have 3 methods to check the allotment status for the IPO.

• Firstly, you can access with Application Number / CAF Number. Enter the Application / CAF number and then click on Search Button. Enter the application exactly it is given in the acknowledgement slip given to you post the IPO application process. After that you can click on the Search button to get the details of shares allotted to you in the IPO.
   
• Secondly, you can search by Beneficiary ID of your demat account. From the dropdown box, you must first select the depository name where your demat account is held i.e., NSDL or CDSL. In the case of NSDL, enter the DP id and Client id in separate boxes as provided. In case of CDSL, just enter the CDSL client number. Remember that the NSDL string is alphanumeric while the CDSL string is a numeric string. The details of your DP and client ID are available in your online DP statement or in the statement of account. After that you can click the Search Button in both cases.
   
• Thirdly, you can also search by Income Tax PAN number. Once you select PAN (permanent account number) from the dropdown menu, enter your 10-digit PAN number, which is an alphanumeric code. The PAN number will be available on your PAN card or on top of your income tax returns filed. Once you enter the PAN, click on the Search Button.

The IPO status with number of shares of Global Pet Industries Ltd allotted will be displayed on the screen. You can save a screenshot of the screen for future reference. Once again, you can verify the demat credit by the close of 11th July 2023.

Global Pet Industries Ltd, is an SME IPO on the NSE which had opened for subscription on 29th June 2023. The company, Global Pet Industries Ltd, was incorporated in the year 2013 to manufacture and export 2-stage PET-stretch Blow Moulding Machines, used to manufacture a complete range of PET bottles ranging from 50 ML bottles to 20 Litre bottles. These PET bottles are made of resistant plastic to be used as fridge bottles or for the storage of mineral water, carbonated soft drinks and hot juices. Some of other applications of these PET bottles include the storage of edible oils, liquid detergents, cosmetic products, and confectionary.

The Blow Moulding Machines manufactured by Global Pet Industries are customized cater to different size requirements, shapes and chemical resistance needs. Global Pet Industries Ltd also provides after sales service and necessary accessories for repairs and maintenance of such machinery for a complete 360 degree experience for the customers. The company has 2 manufactured plants located at Palghar, near Mumbai. It has a separate domestic sales division and an international exports division. It currently exports its products to over 19 global markets with some of its major target markets being Ghana, Haiti, Kenya, Mozambique, Nigeria, Nepal, Qatar, South Africa, Tanzania etc.