How to check allotment status of Holmarc Opto-Mechatronics IPO

Holmarc Opto-Mechatronics IPO worth ₹11.40 crore comprises entirely of a fresh issue with no offer for sale (OFS) component. The Fresh Issue portion of Holmarc Opto-Mechatronics Ltd entails the issue of 28.50 lakh shares at which at the fixed IPO price of  ₹40 per share aggregates to ₹11.40 crore. The stock has a face value of ₹10 and retail bidders can bid in minimum lot size of 3,000 share each. Thus, the minimum investment of ₹120,000 in the IPO is the base limit. That is also the maximum that a retail investor can apply for in the IPO. HNIs / NIIs can invest in a minimum of 2 lots of 6,000 shares worth ₹240,000 as the bare minimum investment. There is no upper limit for the HNI / NII category or even for the QIB category

The break-down of the reservation for  different categories of investors is as under.

Let us turn first to when you can check the allotment status of the shares online.

When can you check allotment status online

The basis of allotment will be finalized on Monday, 25th September 2023, the refunds will be initiated on 26th September 2023, demat credits will be finalized on 27th September 2023, while the stock of Holmarc Opto-Mechatronics Ltd will get listed on the NSE SME Emerge segment on 28th September 2023. The company had a pre-IPO promoter holding of 87.30% and post the IPO, the promoter stake in Holmarc Opto-Mechatronics Ltd will stand diluted to 62.54%. On listing, the company will have an indicative P/E ratio of 8.08X, which is reasonable for the sector. The allotment status online will be available either late on 25th September 2023 or by the middle of 26th September 2023.

How to check the allotment status. Since this is an NSE SME IPO, there is no facility to check on the exchange website and BSE only offers allotment status in the case of mainboard IPOs and for BSE SME IPOs. If you have applied for the IPO, you can check your allotment status online on the website of the IPO registrar, Cameo Corporate Services Ltd. Here are the steps that you need to follow to check allotment status.

Checking the allotment status of Holmarc Opto-Mechatronics Ltd on the website of Cameo Corporate Services Ltd (Registrar to IPO)

Visit the Cameo Corporate Services Ltd registrar website for IPO status by clicking on the link below:

https://ipo.cameoindia.com/

There are three things to remember. Firstly, there also a way to access this page via the home page of Cameo Corporate Services and clicking on the IPO Status link under the Useful Links drop down at the top of the page. Secondly, you can just click on the hyper link given above and directly go to the allotment checking page. The third option, in case you are not able to click on the link, is to copy the link and paste in your web browser.

Once you reach the relevant page as explained above, the first thing you do is to select the company you want to access the allotment status for. The drop down box will only show companies where the allotment status is already finalized. In this case, you can get to see the name of Holmarc Opto-Mechatronics Ltd on the list around 25th September 2023 when the allotment status is finalized. Once the company name appears on the drop down, you can click on the company name and go to the next screen.

This dropdown will only show the active IPOs, so once the allotment status is finalized, you can select Holmarc Opto-Mechatronics Ltd from the dropdown box. The allotment status will be finalized on Monday, 25th September 2023, so in this case, you can access the details on the registrar website either late on 25th September 2023 or by middle of 26th September 2023. Once the company is selected from the dropdown box, you have 3 methods to check the allotment status for the IPO. Any of the three methods can be selected from the same screen by opting for the preferred radio button.

• Firstly, you can search by Beneficiary ID of your demat account. From the page you just need to first select the DP ID / Client ID option. It does not matter whether it is an NSDL account or a CDSL account. All you need to do is to write down the combination of the DP ID and the Client ID in a single string. In the case of NSDL, enter the DP id and Client id in a single string without space. In case of CDSL, just enter the CDSL client number. Remember that the NSDL string is alphanumeric while the CDSL string is a numeric string. The details of your DP and client ID are available in your online DP statement or in the statement of account. After that you can click the Search Button in either cases.
   
• Secondly, you can access with Application Number / CAF Number. Enter the Application / CAF number and then click on Search Button. Enter the application exactly it is given in the acknowledgement slip given to you post the IPO application process. After that you can click on the Search button to get the details of shares allotted to you in the IPO.
   
• Thirdly, you can also search by Income Tax PAN number. Once you select PAN (permanent account number) from the dropdown menu, enter your 10-digit PAN number, which is an alphanumeric code. The PAN number will be available on your PAN card or on top of your income tax returns filed. Once you enter the PAN, click on the Search Button.
   
• In all the 3 cases above, please note that after inputting the details as relevant, there will be a 6-digit captcha that will appear and you must enter the captcha exactly as it is. It is fully a numeric captcha and it is meant to confirm that it is not some kind of a programmed robotic access.

The IPO status with number of shares of Holmarc Opto-Mechatronics Ltd allotted will be displayed on the screen. You can save a screenshot of the screen for future reference. Once again, you can verify the demat credit by the close of 27th September 2023. Remember that the most important factor in assessing your chances of getting allotment is the extent of oversubscription in the IPO. Normally, higher the oversubscription in the IPO, the lower are your chances of getting an allotment. Now, let us look at the extent of oversubscription that the IPO of Holmarc Opto-Mechatronics Ltd got.

Subscription response to the IPO of Holmarc Opto-Mechatronics Ltd

The response to the Holmarc Opto-Mechatronics IPO was strong as the overall issue was subscribed 85.81X at the close of bidding on 20th September 2023 which is above the median subscription that the NSE SME IPOs have been getting in general. Out of the overall bids received, the retail segment saw 75.78 times subscription and the non-retail HNI / NII portion saw 93.27 times subscription. The table below captures the overall allocation of shares with the oversubscription details as of the close of the IPO on 20th September 2023.

The issue has been heavily subscribed; hence your chances of allotment would proportionately reduce.

Quick word on the business profile of Holmarc Opto-Mechatronics Ltd

Holmarc Opto-Mechatronics Ltd was incorporated in the year 1993 and is engaged in the business of manufacture of scientific and engineering instruments. Its main target customers are research, industry, and education. These instruments are designed and developed by Holmarc Opto-Mechatronics Ltd. Their product portfolio comprises of imaging instruments, measuring instruments, analytical instruments, laboratory instruments, opto-mechanical instruments, spectroscopy and is also into industrial automation. It is also into the manufacture of products like quantum efficiency measurement instruments for solar cells and UV laser marking stations, which are some of the products that are part of the import substitution program of the government of India.

Some of the specialized products manufactured by Holmarc Opto-Mechatronics Ltd include automated rotary antennae positioners, spectroscopic ellipsometer, UV ozone cleaners, spectroscopic reflectometers, and Raman spectrometer. It has over 800 standards products in its portfolio and I addition, it also customizes products to unique needs of its customers. Holmarc Opto-Mechatronics Ltd has a manufacturing unit located at Ernakulam in Kerala and the company has been reporting consistent growth in sales over the last 3 years.

The company has been promoted by Jolly Cyriac and Ishach Sainuddin. The promoter holding in the company currently stands at 87.30%. However, post the fresh issue of shares as part of the IPO, the promoter equity holding share will reduce to 62.54%. The fresh issue funds will be used by the company for funding capex and purchase of additional machinery. Part of the funds will also go towards working capital needs of the company and also towards general corporate purposes. While Finshore Management Services Ltd will be the lead manager to the issue, Cameo Corporate Services Ltd will be the registrar to the issue. The market maker for the issue is Nikunj Stock Brokers Ltd.