VL Infraprojects IPO allotment status expected on July 26: Steps to check status on NSE, Skyline Financial Services

VL Infraprojects IPO allotment status is likely to be finalised on Friday, July 26. The NSE SME issue closed with a stellar subscription on July 25. The initial public offering received bids for more than 185 crore shares against 29.22 lakh shares on offer, leading to an overall subscription of 633.7 times across all categories.

The retail category was booked 839.49 times, and the non-institutional investors (NIIs) portion was booked 726.11 times. The qualified institutional buyers (QIBs) subscribed to the issue 203.73 times.

The ₹18.52 crore VL Infraprojects IPO's listing date has been tentatively fixed as July 30.

Prior to the listing, investors are awaiting the share allotment status of the IPO. Investors can check the IPO share allotment status on the NSE website and registrar Skyline Financial Services Private Ltd’s portal.

Steps to check VL Infraprojects share allotment on the NSE website

• Visit the NSE IPO allotment portal using this link https://www.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp
• Login using your username and password
• Choose VL Infraprojects
• Verify your PAN details
• Enter the IPO application number
• Click on Submit

Check VL Infraprojects IPO allotment status on Skyline Financial Services website

• Open the official website of Skyline Financial Services Pvt Ltd: https://www.skylinerta.com
• Go to the Investors section and select Public Issues
• Select VL Infraprojects IPO from drop-down list
• Enter your Client ID, Application No or PAN details
• Click the ‘Search’ button
• VL Infraprojects IPO price band, issue size and other details

VL Infraprojects IPO: Price band and lot size

VL Infraprojects IPO price band was fixed at ₹39 to ₹42 per share. The minimum lot size to apply for the IPO for retail investors was fixed at 1 lot or 3000 Shares, which translates to an investment of ₹1,26,000.

VL Infraprojects IPO objective

VL Infraprojects will use the money raised via the public issue to meet working capital requirements and for the fulfilment of general corporate purposes.

About VL Infraprojects

VL Infraprojects Limited was founded in 2014. The company offers planning, construction, and commissioning of various government projects. VL Infraprojects is engaged in the execution of water supply and wastewater infrastructure projects.