Corona Remedies IPO Allotment Out Today: Check Status Online Fast

The decision regarding the allotment for the initial public offering (IPO) of Corona Remedies Limited will be taken on Thursday, December 11. The investors who have been a part of the equity sales can know their allotment through the National Stock Exchange (NSE), Bombay Stock Exchange (BSE), and the registrar Bigshare Services Pvt Ltd.

The IPO of Corona Remedies was intended to raise Rs 655.37 crores from the sale of 0.62 crore equity shares through a book-built offer. As this was solely for the sale of old shares (OFS), there would be no money for the company from the issuance.

The price range of the IPO was fixed at Rs 1,008 to Rs 1,062 per share, with a minimum investment consisting of 14 shares. Stock market statistics showed that the issue was subscribed 137.04 times overall, with bids for 62,65,41,440 shares made against the 45,71,882 shares offered.

In categories it was specified as follows: Retail Investor (RII) tranche got subscribed 28.73 times, QIBs (qualified institutional buyers) cut off was 278.52 times, and the non-institutional investor portion was 208.88 times oversubscribed.

Promoters and Dr. Kirtikumar L. Mehta, Dipabahen Mehta, Minaxi Mehta, Brinda Mehta, and Anchoring Partners, Sage Investment Trust, and Sepia Investments were the main institutional shareholders who participated in this OFS and sold their shares.

Procedure to Check Allotment of Corona Remedies IPO Online

On the NSE:

Visit NSE IPO status

Select the segment ‘Equity & SME IPO bid details’

Select ‘Corona Remedies Ltd’ for the stock symbol CORONA

Input PAN and application number and hit 'Submit'

On the BSE:

Take the BSE allotment link

Identify 'Equity' as type of issue

Chose 'Corona Remedies' from the available choices

Fill in either PAN or IPO application number and then click 'Search'

Via Bigshare Services:

Go to the Bigshare IPO status page

Choose any of the displayed servers

Choose 'Corona Remedies' in the list of public offers

Provide PAN, app number or beneficiary ID, fill the Captcha, and hit 'Search'

The stock of Corona Remedies shall be listed on the NSE and BSE on the 15th of December at 10.00 a.m. The news from investorgain.com states that the shares of the company, which are not yet listed, are traded for Rs 1,357 at present thus suggesting a grey market premium of 27.78% above the highest price of Rs 1,062.

This pharmaceutical company based in Ahmedabad mainly works in the manufacturing and marketing of women's healthcare, pain treatment, cardiology and diabetes, urology, and other areas of therapeutics.