Investors eagerly await the finalization of the Azad Engineering IPO allotment date, scheduled for December 26.
The allocation process, conducted through a lottery system and overseen by the registrar, will reveal the number of shares assigned to investors in comparison to their bids.
Checking Your Share of the Pie: How to Verify Azad Engineering IPO Allotment Status
On the allotment date, investors can conveniently check their share allocation by visiting the BSE platform or the official registrar’s website.
The announcement will provide insights into the success of their bids and the number of Azad Engineering IPO shares allocated.
Subscription Surge: Azad Engineering IPO Receives Remarkable Response
Closing on December 22, the Azad Engineering IPO garnered exceptional attention from investors, with the book build issue oversubscribed by an impressive 80.65 times in just three days of bidding.
However, market observers note a dip in the Grey Market Premium (GMP) to ₹311, down ₹134 from the previous GMP of ₹445 on Friday.
Market Dynamics at Play: Understanding Azad Engineering IPO GMP
Despite the robust subscription status, the Azad Engineering IPO GMP today stands at ₹311, signaling a market mood shift.
Observers attribute this change to potential sell-offs on Dalal Street, emphasizing the importance of market sentiment alongside subscription numbers.
Subscription Stats Unveiled: Azad Engineering IPO by the Numbers
Examining the subscription data on the BSE website, the Azad Engineering IPO saw an overall subscription of 80.65 times, with the retail portion at 23.79 times.
The Non-Institutional Investors (NII) segment observed a substantial 87.61 times subscription, while the Qualified Institutional Buyers (QIB) category reached an impressive 179.66 times.
Guide to Checking Allotment: Azad Engineering IPO Step-by-Step
Once announced, investors can check the Azad Engineering IPO allotment status online by logging into the BSE website.
Follow these steps: Open the BSE website, select the company’s name from the dropdown, enter either the application number or PAN Card, and click submit.
Alternatively, visit the official registrar’s website at kprism.kfintech.com/ipostatus for online verification.
As the allotment day approaches, investors are encouraged to stay tuned for updates and swiftly check their Azad Engineering IPO status using the provided guidelines.
