Pramodini Medicare IPO allotment finalised, listing on August 19

The allotment for Pramodini Medicare's initial public offering has been finalised on August 17. Investors can check their allotment status on the website of registrar Purva Sharegistry India Pvt Ltd. The company's shares will list on the NSE SME platform on August 19.

The IPO, a book-built issue worth Rs 69.04 crore, comprised a fresh issue of 54 lakh shares and an offer for sale of 5 lakh shares. The price band was set at Rs 110 to Rs 118 per share. According to investorgain.com, the grey market premium is currently zero, meaning shares trade at the issue price of Rs 118.

Refunds for investors who were not allotted shares will begin on August 18. Successful applicants will receive shares in their demat accounts on the same day. The minimum retail application size was 2,400 shares, while HNI investors needed to apply for at least 3,600 shares.