Madhavbaug IPO Allotment Status: Check Link Here, GMP, Listing Price

Madhavbaug IPO Allotment Status: Vaidya Sane Ayurved Laboratories Private Limited commonly known as Madhavbaug is a chain of cardiac care clinics and hospitals in India. Recently it has launched its IPO to raise net proceeds of Rs.20.23 Crores. The bidding for Madhavbaug IPO has been closed on 15th February 2022. Now the investors are looking forward to the release of Madhavbaug IPO Allotment Status. The wait is going to get over soon as the basis of allotment is scheduled to be finalized on 18th February 2022.

Madhavbaug IPO Allotment Status

The size of this fixed price issue is 2771200 Equity Shares of Rs.10 (Aggregating up to Rs.20.23 Crore). The face value and bid price are Rs.10 per equity share and Rs. 73 per equity share respectively. The minimum order quantity of the issue is 1600 eq. shares. The allotment status will be revealed by the official registrar of the issue i.e., Bigshare Services Private Limited. It will be posted on the official IPO allotment status page of the portal.

The equity shares have been subscribed a total of 2.82 times under Retails andNon-Institutional Investors (NIIs) category on the closing day of the bid. After the allotment of shares, the registrar will initiate refunds of the investors who will not be allotted any share. After that, the equity shares will be credited to the Demat accounts of the bidders who will be allotted shares. Finally, the listing will be done. The equity shares will be listed on Emerge platform of NSE on23rd February 2022.

Madhavbaug IPO Allotment Status

Madhavbaug IPO at a Glance

Name of the IPO  Madhavbaug IPO
IPO IssuerVaidya Sane Ayurved Laboratories Private Limited
Company’s promotersDr. Rohit Madhav Sane
Lead Manager  First Overseas Capital limited
Registrar of IPOBigshare Services Private Limited
Type of IssueFixed Price Issue
Size of the issue2,771,200 Equity Shares of Rs.10
(aggregating up to Rs.20.23 Cr)
Bid PriceRs. 73 per equity share
Face Value Rs.10 per equity share
Bid Lot    1600 Equity Shares
Minimum Order Quantity   1600 Equity Shares
Bid period10th to 15th February 2022
Date of release of IPO allotment status18th February 2022
Designated Listing Stock Exchange NSE Emerge
Minimum subscription amount for Retail investors (RIIs)Rs.200000
Issuer’s Official

Madhavbaug IPO Dateline

IPO EventsKey Dates
Date of issue of DRHP8th December 2021
Date of issue of RHP25th January 2022  
Date of start of bid10th February 2022
Date of closing of the bid15th February 2022
Date of allotment of status18th February 2022
Date of initiation of refunds  21st February 2022
Crediting Equity. Shares to Demat accounts22nd February 2022
Listing date of IPO23rd February 2022

Objects of the Issue

The net proceeds from the offer will be utilized to achieve the following objectives –

  • To meet the expenses on branding and marketing. (Amount proposed- Rs.1600/- lakhs).
  • To meet the general corporate purposes. (Amount proposed- Rs.372.98/-)
  • To meet issue related expenditures (Amount proposed- Rs.50 lakhs).  

Subscription Information

This fixed price offer was subscribed 2.82 times on the final day of the bid. Check all the details below-

Investor TypeSubscription Times
Retail Individual Investors (RIIs)2.98 times
Non-Institutional Investors (NIIs)2.66 times
Total  2.82 times

Check Madhavbaug IPO Allotment Status Online

The following methods can be used to check the share allotment status-

  • Step 1- Go to the official website of Bigshare Services Private Limited allotment status.
  • Step 2- Three servers will open. Click on any of the server link.
  • Step 3- Select the name of the issuer/ company from the drop down menu. Search for Vaidya Sane Ayurved Laboratories Private Limited.
  • Step 4- Now select, selection type among options- Application No./ CAF No., PAN number and Beneficiary ID.
  • Step 5- Click on Search Button.
  • Step 6- The allotment status will open.

The allotment details will indicate the following information- Application No., Folio/DP Id/CL Id, name, number of shares applied, and number of allotted shares.

Investors must keep their IPO application details ready before checking the allotment status. After allotment, those who will not be allotted any share will get a refund and successful investors will get the equity shares credited into thier Demat accounts.

Official Website of the
Madhavbaug IPO Allotment Status Link Available Soon

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Contact Details

For any issue related to Madhavbaug IPO, one can contact the concerned person using the details shared below-
1st floor, Bharat Tin Works Building,
Opp. Vasant Oasis, Makwana Road,
Marol, Andheri (E),
Mumbai (400 059) Maharashtra
Contact Person- Ashish Bhope,
Phone No.- 22 6263 8200

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