How To Check Akanksha Power IPO Allotment Status

Akanksha Power and Infrastructure IPO’s share allotment is set to be finalised today. The Akanksha Power IPO received a lot of interest as it was oversubscribed by over 117.39 times, reflecting strong investor interest.

If you are one of those who subscribed to the IPO, here is how you can check your Akanksha Power IPO allotment status

Checking Allotment Status on Registrar's Website:

Here is a step-by-step guide to checking Akanksha Power IPO allotment status

  1. Visit the registrar's website.
  2. Click on ‘Select Company' and choose ‘Akanksha Power'.
  3. Input your PAN, application number, DP/Client ID, or Account number/IFSC.
  4. Enter the captcha.
  5. Click on submit.

See Also: FirstCry Files DRHP With SEBI, Aims To Raise ₹1,816 Cr In Upcoming IPO

Akansha Power IPO Overview: The HNI/NII portion took the lead with an astonishing 238.60 times subscription, followed closely by the Retail portion at 110.44 times subscription. The QIB portion of the IPO also experienced healthy demand, reaching a subscription rate of 38.51 times.

The anchor allocation for Akanksha Power and Infrastructure IPO was executed at the upper end of the price band, set at ₹55 per share. Notably, the total anchor allocation value amounted to ₹7.80 crore. Prominent anchor allottees included LC Radiance Fund VCC (28.21%), Resonance Opportunities Fund (25.67%), Moneywise Financial Services (24.96%), and Nexus Global Opportunities Fund (21.16%).

The stock is scheduled to be listed on Wednesday, January 3, on NSE SME. For those who did not secure shares, the refund process is slated to commence on Tuesday, January 2. Simultaneously, the credit of shares to demat accounts for those who were successfully allotted shares will also be processed on the same day.

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Posted In: NewsIPOsAkanksha Power