The anticipation is over! The allotment for the Vishnu Prakash IPO is happening today, on Thursday, August 31. If you've applied for this IPO, it's time to find out if you've got your share of the pie. Here's how you can check your Vishnu Prakash IPO allotment status.
Where to Check Allotment Status
To see if you've been allotted Vishnu Prakash IPO shares, head over to the registrar's portal, Link Intime India Private Ltd. This is where the magic happens, and you'll get to know the outcome of your IPO application.
Refund and Share Credit
For those fortunate enough to receive IPO shares, the initiation of the refund process is scheduled to start on Friday, September 1. As for the shares themselves, they will be credited to your demat account on Monday, September 4.
Mark Your Calendar
The exciting day when Vishnu Prakash IPO shares debut on the NSE and BSE is Tuesday, September 5. So, if you've applied for these shares, make sure you're ready for some action on that date.
How to Check Allotment Status
To check your Vishnu Prakash IPO allotment status, follow these simple steps:
For Link Intime India Private Ltd:
Visit the IPO registrar's website by clicking on this link: https://linkintime.co.in/MIPO/Ipoallotment.html
In the dropdown menu, choose the IPO once it's listed.
Select your preferred option to check the status: Application No, Demat Account, or PAN.
Indicate whether you applied under ASBA or non-ASBA.
Provide the necessary information for your chosen mode.
Complete the process by submitting the captcha.
For BSE:
Visit the BSE's official allotment page by clicking on this link: https://www.bseindia.com/investors/appli_check.aspx
Under 'Issue Type,' select 'Equity.'
Choose Vishnu Prakash IPO from the dropdown menu under 'Issue Name.'
Enter your PAN or application number.
Confirm your identity by checking the 'I am not a Robot' box, then hit 'Submit.'
For NSE:
Visit NSE's official allotment page by clicking on this link: https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
If you haven't registered yet, you can do so by clicking on 'Click here to sign up' on the NSE website and register with your PAN.
Log in with your username, password, and captcha code.
Check your IPO allotment status on the new page that appears.
Grey Market Premium (GMP)
As of Thursday, the Vishnu Prakash IPO GMP, or grey market premium, stands at +60, mirroring the previous trading session. This means Vishnu Prakash shares are trading at a premium of ₹60 in the grey market, indicating strong investor interest. Considering this and the upper end of the IPO price band, Vishnu Prakash share prices are estimated to debut at ₹159 apiece, which is 60.61% higher than the IPO price of ₹99. The "grey market premium" reflects investors' willingness to pay more than the issue price.
About Vishnu Prakash IPO
The Vishnu Prakash R Punglia Limited IPO was open for subscription from August 24 to August 28. It had a price band of ₹94 to ₹99 per equity share with a total issue size of ₹308.88 crore, entirely in fresh equity shares. The IPO raised ₹91.77 crore from anchor investors on August 23.
The company plans to allocate ₹58.64 crore of the IPO proceeds for capital equipment purchases and ₹140 crore for working capital needs and other corporate purposes. The book running lead managers for the offer are Choice Capital Advisors Private Limited and Pantomath Capital Advisors Private Limited, with Link Intime India Private Limited serving as the registrar.