Park Medi IPO Allotment Status: Here's What Investors Need to Know

Park Medi IPO Allotment: A Step-by-Step Guide

The Park Medi IPO has garnered a strong response from investors, with an overall subscription of 8.52 times. Now, the focus shifts to the allotment of shares, which will be finalized on December 15. On December 16, unsuccessful bidders will receive refunds, while successful applicants will have their shares credited to their demat accounts.

Listing on NSE and BSE

The shares of Park Medi IPO will be listed on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) on December 17. This is a significant development for investors who have applied for the IPO, as they can expect to see their shares traded on these major exchanges.

Park Medi IPO Subscription Status

The IPO received an overwhelming response, with bids for 338.83 million equity shares, compared to the 41.82 million shares offered. The Retail category was subscribed 3.32 times, while Non-Institutional Investors (NIIs) showed strong interest by booking their quota 15.93 times. The Qualified Institutional Buyers (QIBs) segment was subscribed 12.07 times.

Park Medi IPO GMP Today

The shares of Park Medi IPO are currently trading at a premium of ₹6.5 in the grey market. This indicates a positive trend, with an estimated listing price of ₹168.5, which is 4.01% higher than the IPO price of ₹162.

How to Check Allotment Status Online

Investors can verify their allotment status online through the following websites:

• BSE: https://www.bseindia.com/static/investors/application_statuschecksystem.aspx
• NSE: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
• Kfin Technologies: https://www.kfintech.com

By following these steps, investors can easily check their allotment status and stay updated on the latest developments.

Park Medi IPO Details

The Park Medi World IPO was open for subscription from December 10 to December 12, with a price band of ₹154 to ₹160 per share. The company aims to use the proceeds from the IPO to fund expansion, repay debt, and support general corporate activities.

With the allotment process underway, investors can expect to see their shares listed on the NSE and BSE soon. As always, it's essential to consult with an investment advisor before making any investment decisions.