Swashthik Plascon IPO: How to check allotment status

Swashthik Plascon IPO allotment status check online, Swashthik Plascon IPO allotment date: PET bottle manufacturer Swashthik Plascon's IPO in the SME segment, to raise up to Rs 40.8 crore, concluded on November 29. The basis of allotment of shares is likely to be finalised on Monday, December 4. The stock will be listed on stock exchange BSE's SME platform tentatively on December 7. Shreni Shares is the book running lead manager and Bigshare Services Pvt Ltd is the registrar for the Swashthik Plascon IPO. 

Swashthik Plascon IPO: Here's a step-by-step guide on how to check the allotment status

Those who participated in the Swashthik Plascon IPO can check the status of their application online through the website of the registrar.

You can check the Swashthik Plascon IPO allotment status on the website of the IPO's registrar, Bigshare Services, by visiting the following link: ipo.bigshareonline.com/ipo_status.html.

Step 1: clicking on the link takes the user to the Swashthik Plascon IPO registrar's website.

Step 2: Select ‘Swashthik Plascon Limited’ in the ‘Company Selection’ drop-down menu.

Step 3: Select one of the three options, Application No, Beneficiary ID or PAN, and enter the details accordingly.

Step 4: Click on ‘search’ to proceed.

After a successful entry, the status of allotment under the Swashthik Plascon IPO will be displayed on the screen.

What does Swashthik Plascon do?

Incorporated in 2006, Swasthik Plascon specialises in the production of PET bottles and PET preforms. The company manufactures PET bottles for various applications such as pharmaceuticals, liquor, FMCG packaging, household, dishwashing liquids and repellent dispensers. They also produce PET preforms for soft drink bottles, packaged drinking water bottles, and juice bottles.

Swashthik Plascon IPO: Fund Utilisation

The company proposes to utilise the net proceeds towards funding the following objects:

1. Funding capital expenditure for developing new manufacturing facilities and installation of Plant and Machinery
2. Funding of capital expenditure requirements of the Company towards Set up of Solar Power Plant
3. Purchase of Plant and Machinery at the Existing Manufacturing Facility
4. Funding Working Capital Requirements of the Company and general corporate purposes

Catch the latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.