Vishnusurya Projects and Infra IPO: How to check the Allotment Status
The IPO of Vishnusurya Projects and Infra Ltd opened for subscription on 29th September 2023 and closed for subscription on 05th October 2023. It was kept open for 4 days. The company stock has a face value of ₹10 per share and it is a fixed price issue. The issue price has been fixed at ₹68 per share. The IPO of Vishnusurya Projects and Infra Ltd has only a fresh issue component and no offer for sale (OFS) in the IPO. As part of the fresh issue portion of the IPO, Vishnusurya Projects and Infra Ltd will issue a total of 73,50,000 shares (73.50 lakh shares). At the fixed price of the IPO at ₹68 per share, the total value of the fresh issue portion aggregates to ₹49.98 crore. As there is no offer for sale, the fresh issue will also be the total size of the issue. Thus, the overall IPO will also entail the issue of 73.50 lakh shares, which at the fixed IPO price of ₹68 per share, aggregates to overall issue size of ₹49.98 crore.
The issue is split into retail and HNI portion with a small allocation for the market maker to the IPO. The break-down of the reservation for different categories of investors is as under.
|Investor Category||Shares Offered|
|Anchor Investor Shares Offered||Nil shares|
|Market Maker Shares Offered||3,70,000 shares (5.03%)|
|NII (HNI) Shares Offered||34,90,000 shares (47.48%)|
|Retail Shares Offered||34,90,000 shares (47.48%)|
|Total Shares Offered||73,50,000 shares (100.00%)|
Let us turn first to when you can check the allotment status of the shares online. The basis of allotment will be finalized on 09th October 2023, the refunds will be initiated on 10th October 2023, demat credits will also be finalized on 10th October 2023, while the stock of Vishnusurya Projects and Infra Ltd will get listed on the NSE SME Emerge segment on 12th October 2023. The allotment status online will be available either late on 09th October 2023 or by the middle of 10th October 2023.
How and when to check allotment status online?
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 Vishnusurya Projects and Infra 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:
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 Vishnusurya Projects and Infra Ltd on the list around 09th October 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 Vishnusurya Projects and Infra Ltd from the dropdown box. The allotment status will be finalized on 09th October 2023, so in this case, you can access the details on the registrar website either late on 09th October 2023 or by middle of 10th October 2023. Once the company is selected from the dropdown box, you have 3 methods to check the allotment status for the IPO. The preferred method, out of the 3 options, 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 a robotic access.
The IPO status with number of shares of Vishnusurya Projects and Infra 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 10th October 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 Vishnusurya Projects and Infra Ltd got.
Subscription response to the IPO of Vishnusurya Projects and Infra Ltd
The response to the IPO of Vishnusurya Projects and Infra Ltd was strong as the overall issue was subscribed 44.11X at the close of bidding on 05th October 2023, which is around the median subscription that the NSE SME IPOs have been getting in general. Out of the overall bids received, the retail segment saw 43.63 times subscription and the non-retail HNI / NII portion saw 36.32 times subscription. The table below captures the overall allocation of shares with the oversubscription details as of the close of the IPO on 05th October 2023.
(₹ in Crore)
|HNIs / NIIs||36.32||34,90,000||12,67,62,000||861.98|
The issue has been heavily subscribed; hence your chances of allotment would proportionately reduce. Investors must keep these calculations in mind while check the allotment status once it is finalized at the registrar end.
DisclaimerInvestment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
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