– The Akums Drugs and Pharmaceuticals Ltd IPO has closed with strong demand from investors.
– The eagerly awaited allotment of the IPO is expected to be finalized today.
– Investors can check their allotment status online through the BSE website or Link Intime India Private Ltd’s web portal.
– The IPO bidding opened on July 30 and closed on August 1, with the allotment date set for August 2 and listing date for August 6.
– The IPO was subscribed 63.56 times overall, with bids for 96.36 crore equity shares against 1.51 crore shares on offer.
– Investors who receive shares will have them credited to their demat accounts by August 5, while unsuccessful bidders will receive refunds on the same day.