Goa-based Molbio Diagnostics, known for its Truenat platform in point-of-care molecular diagnostics, concluded its Initial Public Offering (IPO) on August 12, experiencing an overwhelming response from investors. The public issue, which aimed to raise approximately Rs 940 crore, was subscribed a remarkable 70.26 times overall, attracting over 26.85 lakh applications.
Strong Investor Demand Across Categories
The IPO, with shares offered in the price band of Rs 768-807 apiece and a lot size of 18 equity shares, saw robust demand across all investor categories:
- Qualified Institutional Buyers (QIB): Subscribed over 186.39 times.
- Non-Institutional Investors (NII): Booked 49.80 times.
- Retail Investors: Demanded 12.96 times the allocated shares.
Molbio Diagnostics IPO Allotment Odds
Based on the final bidding figures, the probability of allotment for different investor categories is as follows:
- Big HNI Category: 1 investor out of 10 will receive 238 shares (10% probability).
- Small HNI Category: 1 investor out of 56 will receive 252 shares (1.78% probability).
- Retail Category: 2 investors out of 21 will receive 18 shares (9.52% probability).
Grey Market Premium (GMP) and Listing Outlook
The grey market premium (GMP) for Molbio Diagnostics has remained strong following the significant oversubscription. The stock was recently commanding a GMP of approximately Rs 155-160 per share, suggesting a potential listing premium of 19-20 percent over the upper end of the issue price. However, it's crucial to remember that GMP is an unofficial indicator and does not guarantee listing gains.
Molbio Diagnostics shares are slated to be listed on both BSE Ltd and NSE on Monday, August 17. Refunds for unsuccessful bidders are expected to be processed on Friday, August 14, or over the weekend.
How to Check Molbio Diagnostics IPO Allotment Status
Applicants can verify their allotment status through several official channels:
On the BSE Website:
- Visit bseindia.com/investors/appli_check.aspx
- Under 'Issue Type', select 'Equity'.
- Under 'Issue Name', choose 'Molbio Diagnostics Limited' from the dropdown.
- Enter your application number.
- Provide your PAN card ID.
- Complete the 'I am not a Robot' captcha and click 'Search'.
On the NSE Website:
- Go to nseindia.com/invest/check-trades-bids-verify-ipo-bids
- Select 'Equity & SME IPO Bid details'.
- Under 'Select Symbol', choose 'MOLBIO'.
- Enter your PAN No. and Application No.
- Click 'Submit'.
Via the Registrar (KFin Technologies Limited):
- Access the KFin Technologies Limited portal: kosmic.kfintech.com/ipostatus
- Select the IPO from the dropdown (name will appear once allotment is finalized).
- Choose one of three modes: Application number, Demat Account number, or PAN ID.
- Select 'ASBA' or 'non-ASBA' for application type.
- Enter the required details for your chosen mode.
- Fill in the security captcha accurately and click 'Submit'.
KFin Technologies Ltd is the official registrar for the Molbio Diagnostics IPO, responsible for processing applications and managing the allotment process.