New Delhi, July 30 -- Patel Chem Specialities IPO allotment status: The initial public offer (IPO) of Patel Chem Specialities saw a massive demand amid a solid grey market premium (GMP). The issue was subscribed multiple times in each of its categories. Patel Chem Specialities IPO was open for subscription from July 25 to July 29 and now the investors' focus has shifted to its allotment. Patel Chem Specialities IPO allotment date is fixed as today, July 30.

Patel Chem Specialities IPO was entirely a fresh issue of Rs.58.80 crore. The issue price band was fixed at Rs.82-84 per share. Investors could apply for the IPO in lots of 1,600 shares.

The company plans to use the funds raised from the issue for funding capex plans and general corp...