Allotment Date for Vruddhi Engineering Works IPO: Allotment of shares for Vruddhi Engineering Works IPO will be completed today (Monday, April 1). Investors who have applied for the issue can track the allotment status of Vruddhi Engineering Works' IPO through the website of the registrar, Bigshare Services Pvt Ltd.
The allocation basis allows investors to determine whether and how many shares have been allocated to them. The IPO allocation status also shows the number of shares allocated. For those who did not receive shares, the refund application process begins. The shares will be credited to the demat accounts of the allocated investors.
Also Read: Vruddhi Engineering Works IPO: Check GMP, subscription status on day 3, more details
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On Tuesday, April 2, the demat accounts of those who received shares will be credited. Once the allocation is completed today, the refund process will also begin on Tuesday.
The listing date of Vruddhi Engineering Works is set for Wednesday, April 3 on the BSE SME.
If you have applied for Vruddhi Engineering Works IPO, investors can immediately check Vruddhi's IPO allotment status on IPO registrar Bigshare Services Pvt Ltd's website – https://ipo.bigshareonline.com/ipo_status.html Carry out engineering work
Step 1
Register via Bigshare direct link – https://ipo.bigshareonline.com/ipo_status.html – Vruddhi Engineering Works IPO allotment link
step 2
In the “Company Name” field, select “Vruddhi Engineering Works IPO”.
step 3
Select “PAN Number, Beneficiary ID or Application No./CAF No.”
Step 4
Click “Search”
Your Vruddhi Engineering Works IPO will be displayed on your computer monitor on your mobile phone display.
Also Read: Vruddhi Engineering Works IPO to open next week, price range set at ₹66-70 each; Details here
How to check Vruddhi Engineering Works IPO allotment status on BSE
Step 1
Visit the allotment page on BSE official website – Vruddhi Engineering Works IPO allotment status check online – https://www.bseindia.com/investors/appli_check.aspx
step 2
Under Issue Type, select Stocks.
step 3
Select the IPO from the drop-down option under “Issue Name.”
Step 4
Enter the PAN or application number.
Step 5
Click “I'm not a robot” to confirm your identity, then click the “Submit” button.
Also Read: India, Korea and Japan remain busy with IPOs as China stalls
Vruddhi Engineering Works IPO Subscription Status
According to chittorgarh.com, the issue received 12.67 subscriptions on the third day. The retail portion of the issue was booked 20.10 times and the non-institutional segment was subscribed 28.14 times, as per data available on chittorgarh.com. The Qualified Institutional Buyers segment was booked 1.05 times.
On the second day, Vruddhi Engineering Works' IPO subscription status was 4.13 times.
Also Read: Upcoming IPOs: A new public issue and 10 listings planned for this week
Vruddhi Engineering goes public today (GMP).
Vruddhi Engineering Works IPO GMP or gray market premium was ₹0, which meant the shares traded at their issue price of ₹70 without any premium or discount on the gray market according to investorgain.com.
Based on the activity of the last 14 gray market sessions, analysts at investorgain.com predict that the current IPO GMP trend will continue until listing day.
“Gray market premium” indicates investors’ willingness to pay more than the issue price.
Also Read: Bharti Hexacom IPO: From price range to GMP, here are 10 things you should know before subscribing
Disclaimer: The above views and recommendations are those of individual analysts, experts and brokerage firms, not Mint. We recommend that investors consult certified experts before making an investment decision.
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