Accretion Nutraveda IPO Allotment Status Announced Today
The much-anticipated initial public offering (IPO) of Accretion Nutraveda, which concluded its bidding process last week, is now set to announce its allotment status. This significant milestone marks the next phase for investors who participated in the SME (Small and Medium Enterprise) offering.
IPO Subscription and Financial Details
The Accretion Nutraveda IPO was open for subscription from January 28 to January 30, attracting considerable investor interest. On the final day, the offer was oversubscribed by 1.83 times, reflecting strong market confidence. Breaking down the subscription figures:
- Qualified Institutional Buyers (QIB): Booked 1.01 times
- Non-Institutional Investors (NII): Oversubscribed 2.08 times
- Retail Investors: Oversubscribed 2.19 times
This IPO comprised a fresh issue worth ₹24.77 crore, with no offer for sale component. The share price was fixed in the range of ₹122 to ₹129 per share. The proceeds from this capital raise are earmarked for several strategic initiatives:
- Automation of the existing manufacturing unit through machinery purchase
- Establishment of a new manufacturing facility
- Funding working capital requirements
- General corporate purposes
How to Check Allotment Status
Following the closure of the share sale, investors eager to know their Accretion Nutraveda IPO allotment status can check online through the registrar or exchange websites. The shares are scheduled to list on the BSE SME platform.
Investors who receive allotment can expect the shares to be credited to their demat accounts on Tuesday, February 3. Those who do not receive allotment will get refunds on the same day.
Steps to Check Allotment on BSE SME
Since the shares will list on BSE SME, here is a step-by-step guide for investors:
- Visit the official BSE website
- Select the issue type as 'equity'
- Choose 'Accretion Nutraveda' from the issue name dropdown menu
- Enter your application number or PAN number
- Complete the CAPTCHA verification
- Click on the search button to view your status
Steps to Check Allotment on KFin Technologies
KFin Technologies is the registrar for this IPO. Investors can follow these steps on their platform:
- Navigate to the IPO registrar's website
- Select 'Accretion Nutraveda' from the IPO dropdown menu
- Choose your preferred identification method: Application Number, Demat Account, or PAN
- Enter the relevant details as per your selection
- Input the CAPTCHA code and submit to access your allotment status
GMP and Listing Expectations
The current Grey Market Premium (GMP) for Accretion Nutraveda IPO is ₹6, indicating that shares are trading at a premium above the offer price. Based on this GMP and the offer price range, the anticipated listing price could be around ₹135, representing a potential premium of approximately 4.65%.
About Accretion Nutraveda
Incorporated in 2021, Accretion Nutraveda specializes in manufacturing Ayurvedic and Nutraceutical products across various dosage forms. The company operates as a Contract Development and Manufacturing Organization (CDMO), distributing its products both domestically and internationally, including markets like Sri Lanka, Singapore, and the USA.
The company has demonstrated impressive financial growth. During FY26, its net profit surged to ₹2.61 crore from ₹0.82 crore the previous year. Simultaneously, total income increased significantly to ₹16.06 crore from ₹5.20 crore during the same period.
Disclaimer: This information is provided for educational purposes only. Investors are advised to consult with certified financial experts before making any investment decisions.
