How To Check IPO Allotment Status For Vishnu Prakash R Punglia

Jodhpur-based Vishnu Prakash R Punglia, an integrated EPC company, is set to announce the IPO allotment status on September 1, following a robust subscription to its public issue. Here’s a step-by-step guide on how to check your IPO allotment status online on both the BSE website and the official registrar’s portal.

Checking IPO Allotment Status on BSE Website:

Step 1: Head to the BSE website.
Step 2: Choose ‘Equity’ and then select ‘Vishnu Prakash R Punglia’.
Step 3: Enter your application number and PAN.
Step 4: Click on ‘Search’.

Checking IPO Allotment Status on Registrar’s Website:

Step 1: Visit the registrar's website here.
Step 2: Click on ‘Select Company' and then select ‘Vishnu Prakash R Punglia'.
Step 3: Enter your PAN, application number, DP / Client ID or Account number / IFSC.
Step 4: Enter the captcha.
Step 5: Click on submit.

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Robust Subscription: Investors subscribed to the IPO 87.82 times, placing bids for 192.58 crore equity shares compared to the 2.19 crore shares available. Qualified institutional buyers filled their portion 171.69 times, non-institutional investors filled theirs 111.03 times, retail investors filled the retail portion 32.01 times, and employees filled the employee portion 12.97 times.

The shares are currently commanding a grey market premium of ₹60 per share, indicating strong investor interest. The shares will be listed on stock exchanges on September 5.

Given the high subscription rates and the grey market premium, Vishnu Prakash R Punglia’s IPO is one to watch. The company aims to raise funds for various corporate purposes, and it will be interesting to see how it utilizes these funds for future growth.

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Posted In: NewsIPOsIPOVishnu Prakash R Punglia