Nupur Recyclers Limited (NRL) has opened bidding for its Rs. 34. 20 crore Issued on September 13, 2022. NRL IPO Allotment Status date will be set on December 21 and the share will be listed on the December 23 2022. Deadline to bidding was 15th December 2022 and since then the bidders are curious to understand the allotment status. Once the allotment basis might be finalized, the company will issue the allotment status. A total of 5700000 equity shares has been released under this offer to Retail and to the Non-Institutional Investors.
The allotment status of the NRL IPO may be checked at the allotment web page of the latter’s Official registrar. Skyline Financial Services Private Limited is the legitimate registrar for the issue. The reliable date and time of the share allotment status launch will be communicated through this web page. Readers are recommended to bookmark this web page to access the latest allotment updates.
NRL IPO Allotment Status
Nupur Recyclers Limited is an emerging company engaged in the processing and recycling of scrap metal.
Apart from this, it is also engaged in the production and trade of various non-ferrous metal scrap.
With this offer (Fixed Price Issue), the company intends to raise capital of Rs. 34.20 crore.
The promoters of the company consist of Mr. Rajesh Gupta and Mr. Anoop Garg. NSE is the designated stock exchange for list this issue.
The date of the allotment of shares and listing may be introduced soon. Till then buyers can take a look at the GMP. Using GMP they could calculate the expected list price.
NRL IPO Complete Overview
|IPO Name||NRL IPO|
|Issuer||Nupur Recyclers Limited (NRL)|
|Registrar of the Issue||Skyline Financial Services Private Limited|
|Book Running Lead Manager||Corporate Capital Ventures Private Limited|
|Promoters||Mr. Rajesh Gupta and Mr. Anoop Garg|
|Offer Type||Fixed Price Issue|
|Issue Size||57,00,000 equity shares aggregating up to 34.20 Cr|
|Designated Listing Stock Exchange||NSE SME|
|Face Value||Rs.10 each share|
|Tick Size||Re. 1|
|Market Lot||2000 shares|
|Min. Order Quantity||2000 shares|
|Bid Period||13th December 2022 to 15th December 2022|
|Allotment Status Release Date||21st December 2022|
|Max Subs. Amount for RIIs||Rs.200000/-|
|Issuer’s Official Website||www.nupurrecyclers.com|
NRL IPO Complete Schedule
|Issue of DRHP||7th October 2022|
|Issue of RHP||27th November 2022|
|Start date of issue||13th December 2022|
|Last date of issue||15th December 2022|
|Finalization of the basis of allotment||21st December 2022|
|Refund Initiation||We Will Update Soon|
|The credit of Eq. Shares to Demat A/C||We Will Update Soon|
|Listing Date||23rd December 2022|
NRL’s Competitive Strengths
- Positive business cash
- Excellent network and logistics management.
- Experienced and professional team.
NRL’s Objectives Of The Issue
- To meet the working capital needs of the business.
- To meet the corporate objectives of gen.
- To cover issue costs.
NRL IPO Subscription Details
The issue has been subscribed as a total of 43.67% of time through retail investors and non-institutional investors (NIIS). The subscription details as of December 15, 2022 (5:00 p.m.) are as follows:
|Investor’s Categories||Subscription Details|
|Retail Individual Investors (RIIs)||34.23 %|
|Non-Institutional Investors (NIIs)||53.12 %|
How To Check NRL IPO Allotment Status
There are many ways to check the IPO allotment status, mainly the BSE website, the Registrar’s website and the DEMAT account, so let’s see How to check it step by step
1.IPO Registrar Website
- Step 1: First of all, Go to the Skyline Financial Services Official web portal.
- Step 2: Then Select the IPO “Nupur Recyclers”.
- Step 3: After that select the Option from Application Number, PAN Number or from the Demat Account Number and move forward.
- Step 4: Now, enter the Application Number, PAN Number or the Demat Account Number details.
- Step 5: Now, enter the Captcha to verify that you are not a robot.
- Step 6: Now in final step click the submit button and that’s it.
2.The Demat Account
- Step 1: First of all, Login to Your Demat Account or to the Trading Account.
- Step 2: And you can Check the stock is credited to your account or not.
Nupur Recyclers Ltd (NRL) acts as an intermediary in the scrap metal supply chain where it imports scrap metal from various suppliers and supplies it to the customers in the metal industry.
The company also added two new charging station installation verticals in Delhi NCR area in partnership with EVi Tech.
It also extracts lithium, cobalt and black mass ions from used cell phone batteries and processes them to refurbish them. The company derives most of its income from the Zurik products.
We are happy that you selected our web page, to get details about the NRL IPO Allotment Status.
|Official Website||Click Here|
|DMER Homepage||Click Here|