The allotment process for Dachepalli Publishers' initial public offering (IPO) has been completed, marking a key milestone for the educational publisher's market debut. Investors who applied for the share sale can now check their allotment status online. The finalisation date was December 26.
How to Check Your Allotment Status
Investors have two primary portals to verify if they have been allotted shares in the Dachepalli Publishers IPO. The shares are set to list on the BSE SME platform, and Bigshare Services Pvt. Ltd. is the official registrar for the issue.
Via the BSE Website
To check on the Bombay Stock Exchange (BSE) website, follow these steps:
- Visit the BSE allotment status page.
- Select 'Equity' as the issue type.
- Choose 'Dachepalli Publishers' from the dropdown menu for issue name.
- Enter your application number or Permanent Account Number (PAN).
- Complete the CAPTCHA verification and click 'Search'.
Via the Registrar, Bigshare Services
Alternatively, you can use the registrar's portal:
- Go to the Bigshare IPO allotment page.
- Select any of the available servers.
- Pick 'Dachepalli Publishers' from the company list.
- Choose your identification method: Application Number, Beneficiary ID, or PAN.
- Enter the corresponding details and the CAPTCHA code.
- Click on the 'Search' button to view your status.
IPO Subscription and Grey Market Premium
The public offering, which was open for subscription from December 22 to December 24, received a mixed response. The retail investor segment was subscribed 1.90 times, while non-institutional investors (NIIs) showed stronger interest, bidding for 3.04 times the allotted quota. Qualified institutional buyers (QIBs) subscribed to 1.29 times their portion.
The grey market premium (GMP), an unofficial indicator of investor sentiment, has held steady. Dachepalli Publishers IPO GMP today is ₹2. Based on this, the estimated listing price is around ₹104 per share, which would represent a premium of 1.96% over the upper end of the IPO price band of ₹102.
Key Details of the Dachepalli Publishers IPO
The company's maiden public issue was a fresh offering worth ₹40.39 crore, comprising 40 lakh shares priced between ₹100 and ₹102 each. The lot size was set at 1,200 shares, meaning the minimum investment for retail investors started at ₹2,44,800.
Dachepalli Publishers plans to utilise the net proceeds from the IPO for:
- Financing its working capital requirements.
- Repayment of certain borrowings.
- General corporate purposes.
The company, which operates in the educational publishing sector, produces textbooks and academic materials for school and college curricula across various educational boards in India. The listing date for the shares is set for December 30 on BSE SME.
