Molbio Diagnostics IPO Allotment Today: Check Status Online Via NSE, BSE, KFin Tech

Molbio Diagnostics’ initial public offering (IPO) received a bumper response from investors across all categories, with the issue subscribed 70.27 times by the close of bidding. The allotment is expected to be finalised by the end of August 13. Applicants can check their share allocation through National Stock Exchange (NSE), BSE (formerly Bombay Stock Exchange), and the registrar.

The Rs 939.70-crore IPO was open for subscription from August 10 till August 12. The issue had a price band of Rs 768-807 per share, with a lot size of 18 shares. At the upper end of the price band, retail investors had to invest Rs 14,526 for one lot.

The IPO comprised a fresh issue of 2.48 million shares aggregating to Rs 200 crore and an offer for sale of 9.17 million shares worth up to Rs 739.70 crore.

The issue received bids for 573.27 million shares against 8.16 million shares on offer, translating into an overall subscription of 70.27 times.

The qualified institutional buyers (QIBs) portion was subscribed 186.39 times, while the non-institutional investor (NII) category was subscribed 49.80 times. The retail investor portion received bids for 12.97 times the shares reserved for the category. The employee portion was subscribed 13.28 times.

Molbio Diagnostics shares are scheduled to list on the NSE and BSE on August 17.

Molbio Diagnostics IPO GMP Today

Molbio Diagnostics IPO shares are commanding a grey market premium (GMP) of Rs 154, according to the latest available market indications as on August 13.

At the upper price band of Rs 807, the GMP indicates an estimated listing price of around Rs 961. This translates into a potential listing gain of around 19.08 per cent over the issue price.

However, GMPs are unofficial indicator and does not guarantee the listing price of the shares.

Molbio Diagnostics IPO Allotment Today: Step-By-Step Guide To Check Status

Molbio Diagnostic’s shares allotted to successful applicants are likely to be credited to their demat accounts on August 14, while refunds for unsuccessful applicants are also expected to begin on the same day. Meanwhile, here are the steps for checking the allotment status via NSE, BSE and the registrar, Kfin Technologies in this case.

How To Check Molbio Diagnostics IPO Allotment Status On NSE

• Go to the official NSE IPO bid and allotment verification page

• Choose the equity IPO option and select "Molbio Diagnostics" from the issue list

• Enter your PAN number or IPO application number

• Click on the relevant submit/search option to view the allotment details

How To Check Molbio Diagnostics IPO Allotment Status On BSE

• Go to the official BSE website

• Navigate to the IPO application or investor application status section

• Select "Molbio Diagnostics" from the list of active issues, if available

• Enter your PAN number or application number

• Click on the search option to check the share allocation status

How To Check Molbio Diagnostics IPO Allotment Status On KFin Technologies

• Head to the official KFin Technologies IPO allotment status page

• Select "Molbio Diagnostics" from the IPO/company drop-down list

• Choose one of the available options — Application Number, Demat Account or PAN

• Enter the required details

• Click on "Submit" to check your allotment status

Molbio Diagnostics IPO Objectives

The company plans to use the fresh issue proceeds mainly for capital expenditure. It plans to allocate around Rs 125.12 crore to set up infrastructure for a research and development facility, Centre of Excellence and connected office space. Another Rs 80.81 crore the company has allocated for purchasing plant, machinery and other equipment for its Goa and Visakhapatnam units.

Molbio Diagnostics is a molecular diagnostics company known for its Truenat platform, a portable, battery-operated PCR-based system designed to deliver molecular diagnostic results in resource-limited settings. The company offers testing solutions for more than 30 diseases through 43 diagnostic assays.