Sat Kartar Shopping Limited, a New Delhi-based Ayurveda healthcare company, has concluded its Initial Public Offering (IPO), which garnered overwhelming investor interest. The IPO was open for bidding from January 10 to January 14, 2025, with shares priced between ₹77-81 per share. With a lot size of 1,600 shares, the company raised ₹33.80 crore entirely through a fresh equity issue.
Here’s a detailed breakdown of the IPO allotment status, subscription numbers, grey market premium (GMP), and how to check the allotment results.
Key Highlights of Sat Kartar Shopping IPO
- Bidding Dates: January 10–14, 2025
- Price Band: ₹77-81 per share
- Lot Size: 1,600 shares
- Total Funds Raised: ₹33.80 crore (fresh equity issue of 41,82,800 shares)
- Listing Date: Shares are expected to list on the NSE SME platform on January 17, 2025.
Subscription Details
The Sat Kartar Shopping IPO witnessed an exceptional subscription response:
- Overall Subscription: 332.78 times
- Non-Institutional Investors (NIIs): 808.3 times
- Retail Investors: 250.35 times
- Qualified Institutional Buyers (QIBs): 124.75 times
The issue attracted 2.32 lakh applications, with 2.15 lakh retail investors and over 16,600 NIIs placing bids.
Grey Market Premium (GMP) Insights
The grey market premium (GMP) for Sat Kartar Shopping shares surged following the strong demand during the bidding period:
- During Bidding: GMP ranged between ₹30-33 per share.
- Post-Allotment Announcement: GMP climbed to ₹55 per share, indicating potential listing gains of 68-70% for investors.
About Sat Kartar Shopping
Incorporated in June 2012, Sat Kartar Shopping specializes in Ayurveda-based healthcare products aimed at promoting natural wellness. The company offers holistic solutions combining therapeutic and lifestyle products rooted in traditional Ayurvedic practices.
Product Portfolio:
- Therapeutic remedies
- Lifestyle-focused Ayurvedic products
- Holistic wellness solutions
Sat Kartar Shopping’s commitment to quality and traditional practices has helped it establish a strong presence in the healthcare industry.
How to Check Sat Kartar Shopping IPO Allotment Status
Investors can check their allotment status through two primary methods:
1. NSE Website
- Visit the official NSE IPO Allotment Status Page.
- Register your account or log in using your existing credentials.
- Verify yourself by selecting “I am not a robot.”
- Ensure the IPO bid details column is checked.
- Select “Sat Kartar Shopping” from the dropdown menu.
- Enter your PAN number and application number.
- Click the “Get Data” button to view your allotment status.
2. Skyline Financial Services (Registrar)
- Visit Skyline Financial Services IPO Portal.
- Navigate to the “Public Issues” section in the blue-tab menu.
- Select “Sat Kartar Shopping” from the dropdown list.
- Provide your details via one of the following methods:
- Application/CAF Number
- Beneficiary ID
- PAN ID
- Click “Search” to access your allotment status.
Role of Skyline Financial Services
Skyline Financial Services, the registrar for this IPO, ensures a smooth allotment process by:
- Processing investor applications electronically.
- Allocating shares to successful applicants.
- Issuing refunds and managing any discrepancies.
- Addressing investor-related queries promptly.
What’s Next for Investors?
Successful bidders will receive their shares in their Demat accounts by January 16, 2025, and listing is scheduled for January 17, 2025. Investors are advised to monitor grey market trends and market conditions closely for better decision-making during the listing.
FAQs
What is the Sat Kartar Shopping IPO price band?
The price band for the IPO was set at ₹77-81 per share.
When will the shares be allotted?
The basis of allotment is expected to be finalized on January 15, 2025.
What is the GMP for Sat Kartar Shopping shares?
The GMP is approximately ₹55, suggesting potential listing gains of 68-70%.
How much did the IPO raise?
The company raised ₹33.80 crore through a fresh equity issue of 41,82,800 shares.
When will the shares be listed on the stock exchange?
The shares are likely to be listed on the NSE SME platform on January 17, 2025.
How do I check my allotment status?
You can check your status via the NSE website or Skyline Financial Services’ online portal.
Who are the key stakeholders in this IPO?
Narnolia Financial Services is the book-running lead manager, and Skyline Financial Services is the registrar.
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