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Ahead of the listing on Monday, the grey market premium of the Corona Remedies IPO rose to Rs 330, compared with Rs 291 earlier this week.
Corona Remedies IPO GMP & Listing Date.
Corona Remedies IPO GMP: As the allotment of the Corona Remedies IPO has been finalised, all eyes are now on the company’s listing on the stock market on Monday, December 15. Investors can check the IPO allotment status on the websites of the BSE, the NSE, and registrar Bigshare Services. Ahead of the listing on Monday, the grey market premium of the IPO rose to Rs 330, compared with Rs 291 earlier this week.
The initial public offering of pharma company Corona Remedies Ltd was open for public subscription between December 8 and December 10. It received a whopping 144.54 times subscription on the closing day of the share sale on December 10. The price band of the Rs 655.37-crore IPO was fixed in the range of Rs 1,008 to Rs 1,062.
The IPO was open for public subscription between December 8 and December 10. It received a total of 144.54 times subscription, garnering bids for 62,67,60,106 shares as against 43,36,298 shares on offer. Its retail category got a 30.39x subscription, while its non-institutional investor (NII) quota got a 220.18x subscription. The QIB category received a 293.80x subscription.
Corona Remedies IPO Listing Date
The company’s shares are scheduled to be listed on both BSE and NSE on December 15.
Corona Remedies IPO GMP Today
According to market observers, unlisted shares of Corona Remedies Ltd are currently trading at Rs 1,392 apiece in the grey market, against the upper IPO price of Rs 1,062. It means a grey market premium (GMP) of 31.07%, indicating a strong listing for the company.
The GMP had stood at 27.4% last week.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
Corona Remedies IPO Allotment Today: A Step-By-Step Guide To Check Status Online
The Corona Remedies IPO allotment was finalised on Thursday, December 11. The allotment status can be checked online by following these steps:
1) Visit registrar Bigshare Services Pvt Ltd’s portal – https://ipo.bigshareonline.com/ipo_status.html.
2) Under ‘Select Company’, select ‘Corona Remedies Ltd’ from the drop-down. The company’s name will be available in the drop-down once the allotment is finalised.
3) Under ‘Select Selection Type’, enter your application number, demat account, or permanent account number (PAN).
4) Enter Captcha
5) Then, click on the ‘Search’ button.
Your share application status will appear on your screen.
Via the BSE
1) Go to the official BSE website via the URL — https://www.bseindia.com/investors/appli_check.aspx.
2) Under ‘Issue Type’, select ‘Equity’.
3) Under ‘Issue Name’, select ‘Corona Remedies Ltd’ in the drop box.
4) Enter your application number, or the Permanent Account Number (PAN). Those who want to check their allotment status via PAN can select the ‘Permanent Account Number’ option.
5) Then, click on the ‘I am not a robot’ to verify yourself and hit the ‘Search’ option.
Your share application status will appear on your screen.
Corona Remedies IPO: More Details
Corona Remedies on Friday mobilised Rs 195 crore from anchor investors.
It has fixed a price band of Rs 1,008-1,062 per share for IPO.
The company’s IPO is entirely an offer for sale by promoters and existing investors.
Under the OFS route, existing investors — Sepia Investments, Anchor Partners, and Sage Investment Trust — along with promoters, plan to offload shares.
Headquartered in Ahmedabad, Corona Remedies is a pharmaceutical formulation company engaged in developing, manufacturing and marketing products in women’s healthcare, cardio-diabeto, pain management, urology and other therapeutic areas.
Its diversified product portfolio comprises 67 brands catering to a range of therapeutic areas as of December 2024.
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