– The IPO of Akums Drugs and Pharmaceuticals Ltd has closed with strong demand from investors
– The allotment of the IPO is expected to be finalized today
– Investors can check the IPO allotment status online through BSE website or Link Intime India Private Ltd
– The IPO bidding opened on July 30 and closed on August 1, with the listing date on August 6
– The IPO was oversubscribed 63.56 times, 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
– Unsuccessful bidders will receive refunds of their application money on the same day