The Greenhitech Ventures IPO saw an overwhelming response from investors on its final bidding day, April 16. Investors bid for 91.94 crore equity shares, which is 729.67 times the IPO size of 12.6 lakh equity shares. Greenhitech Ventures IPO allotment status is set to be finalised today, April 18.

If you applied for the IPO, here is how you can check the Greenhitech IPO allotment status.

Checking IPO Allotment Status on Registrar's Website:

Follow these steps to check the Greenhitech IPO allotment status

1. Visit the registrar's website.
2. Click on "Company Selection" and choose "Greenhitech Ventures" from the dropdown menu.
3. On the next page, you can enter your PAN, application number, or Demat.
4. Click Submit to retrieve the Greenhitech IPO allotment status.

Checking IPO Allotment Status on BSE:

1. Go to the BSE website.
2. Click on the ‘Equity' section and select "Greenhitech Ventures" from the dropdown menu.
3. Enter your application number or PAN.
4. Click on the ‘Search' button.
5. The result will show the number of shares allotted to you.

If all the details are entered correctly and the allotment has been finalised, the Greenhitech IPO allotment status will be visible.

See Also: Dall-E 3: How To Create And Edit AI Images On Your Desktop, Smartphone

Greenhitech IPO Subscription Status

Both institutional and non-institutional investors demonstrated strong interest, subscribing 942.6 times the allotted quota. Retail investors also showed keen interest, subscribing 597.41 times the portion reserved for them. The IPO of Greenhitech Ventures had a robust start, witnessing a subscription of 15 times on the first day and 103.8 times on the second day.

Greenhitech IPO GMP

The Greenhitech IPO GMP is currently reported at ₹35. Based on the IPO price, the shares are expected to list at ₹85, indicating a premium of 70% on the listing. However, it's important to note that while GMPs can provide some insight into market sentiment, they should not be considered as the sole indicator of a stock's performance upon listing.

Greenhitech IPO Details

The Varanasi-based company launched its IPO on April 12 with the aim to raise ₹6.3 crore through a fresh issue of 12.6 lakh equity shares at a fixed price of ₹50 per share. The net proceeds from the IPO will primarily be utilized for the company’s working capital requirements, with the remaining funds allocated for general corporate expenses.

Eligible investors can expect the equity shares to be credited to their demat accounts by April 19. Greenhitech Ventures’ equity shares will be listed on the BSE SME platform on April 22, 2024.

Read Next: Why IIT Alumni Who Achieved Perfect JEE Main Score Chose To Skip College Placements