On December 26, the Azad Engineering IPO share allotment is anticipated to be completed. Shares are allotted to investors via a lottery system, with the registrar supervising the entire process.
Investors will receive information on the number of shares allotted to them based on their bids on the allotment date. Investors can use the BSE platform or go to the registrar’s website to confirm the allotment status.
The initial public offering (IPO) bidding was concluded on December 22, 2023. Following three days of bidding, the book build issue received 80.65 subscriptions, according to Azad Engineering’s IPO subscription status.
Azad Engineering IPO GMP today
According to market observers, the IPO GMP for Azad Engineering is ₹311 today, ₹134 less than the IPO GMP of ₹445 on Friday. This indicates that despite investors’ robust responses, the mood of the grey market took a hit. Observers speculated that the Dalal Street sell-off could be the cause, noting that subscription status and market sentiment are significant factors. Despite the encouraging subscription status for Azad Engineering’s IPO, the market has been erratic all week.
Azad Engineering IPO subscription status
The BSE website has subscription data for the Azad Engineering IPO that shows that the IPO was subscribed 80.65 times, while the retail portion was subscribed 23.79 times. While the QIB portion of Azad Engineering’s IPO received a whopping 179.66 subscriptions, the NII portion of the book build issue received 87.61 subscriptions.
Here’s how to check the allotment status of Azad Engineering’s IPO:
When the allotment status for the Azad Engineering IPO is made public, anyone can check it online by visiting either the official registrar’s website or the BSE website.
- Open the BSE website on any gadget.
- Choose the issue name (the company name) from the drop-down menu.
- To view the status of your allotment, enter your PAN card or application number.
- Click “Submit” once your application or PAN card number has been entered.
KFin Technologies Ltd. is Azad Engineering’s official IPO registrar. Use the KFin Technologies link, kprism.kfintech.com/ipostatus, to view the online allotment status for Azad Engineering’s IPO.
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