Paradeep Phosphates IPO share allotment: Here is how to check status on BSE, IPO registrar's website

Paradeep Phosphates IPO share allotment date: The initial public offer (IPO) of Paradeep Phosphates was subscribed 1.75 times on the last day of the issue on May 19. As India's the second largest private sector manufacturer of non-urea fertilizers company has completed subscription process, it is all set to allot shares on Tuesday. As per Upstox, Paradeep Phosphates IPO allotment date is due on Tuesday, May 24, 2022.  

Those who would not be allotted shares will get the refund, beginning tomorrow, May 25, 2022, while the listing of Paradeep Phosphates shares is expected on May 27, 2022.  

The company, which is primarily engaged in manufacturing, trading, distribution and sales of a variety of complex fertilizers such as DAP, three grades of Nitrogen-Phosphorus-Potassium (NPK) (namely NPK-10, NPK-12 and NP-20), Zypmite, Phospho-gypsum and Hydroflorosilicic Acid (HFSA), had kept the price band at Rs 39-42 per share for this IPO.  

As Paradeep Phosphates share allotment is likely to take place today, here is how you can check status on BSE, KFintech, registrar to the website

How to check Paradeep Phosphates IPO allotment status on BSE 

Step 1- Login at BSE link — bseindia.com/investors/appli_check.aspx        

Step 2- Enter IPO name- Paradeep Phosphates  

Step 3- Enter the IPO application number        

Step 4- Enter PAN card details        

Step 5 - Click at 'I'm not a robot'        

Step 6 - Click at 'Submit' button      

How to check Paradeep Phosphates IPO allotment status on KFintech website          

1) Login at direct KFintech website — https://ris.kfintech.com/ipostatus/ipos.aspx   

2) Select the IPO name (Paradeep Phosphates) from the drop down- LIC IPO         

3) Now select application number/DPID/Client ID/PAN            

4) Enter application number followed by Captcha code            

5) Now Click at 'Submit' option and your IPO application status will become available on your computer monitor or Smartphone screen.

The IPO comprised a fresh issue of shares worth ₹1,501 crore and an offer for sale of 11.85 crore shares by promoters and shareholders of the company. The issue was subscribed 1.75 times in the three days.