VR Infraspace IPO allotment expected on March 7: Here’s how to check share allocation status
Upstox
2 min read • Updated: March 7, 2024, 12:44 PM
Summary
The investors, who participated in the VR Infraspace IPO subscription, can check the share allotment status through the official website of the registrar, Link Intime India Private Ltd. After VR Infraspace IPO allotment, the successful bidders are expected to receive the shares in their Demat accounts by March 11.
VR Infraspace IPO allotment is expected to be finalised on Thursday, March 7, following an encouraging response from investors. The initial public offer was subscribed 91 times during its three-day bidding window.
The issue, which opened for subscription on March 4 and closed on March 6, was subscribed 96 times by retail investors and 85 times in other categories.
VR Infraspace IPO, a fixed price issue of ₹20.4 crore, is entirely a fresh issue of 24 lakh shares with a face value of ₹10.
Link Intime India Private Ltd is the registrar to the IPO, while Beeline Capital Advisors Pvt Ltd is the book-running lead manager of the offering. Spread X Securities is the market maker for the VR Infraspace public issue.
Steps to check VR Infraspace IPO share allotment status
The investors, who participated in the VR Infraspace IPO subscription, can check the share allotment status through the official website of the registrar, Link Intime India Private Ltd.
- Go to Intime India website: https://linkintime.co.in/initial_offer/public-issues.html
- Visit Public Issue Section
- Select 'VR Infraspace Limited' from the company drop-down list
- Enter PAN, application number, DP Client ID or Account Number/IFSC
- Click 'Submit' button
It’s important to note that the investors can only see the share allotment status after the company finalises the share allotment. The successful bidders can also see the number of shares allotment to them.
The investors can also check the VR Infraspace IPO share allotment status by logging in to NSE website. The investors need to use their PAN and bank account details to check the IPO share allotment status.
The company is expected to initiate refunds for non-allottees, and the credit of shares to Demat accounts of successful applicants by March 11. VR Infraspace shares are tentatively scheduled to be listed on NSE SME platform, Emerge, on Tuesday, March 12.
VR Infraspace IPO price was fixed at ₹85 per share. The minimum lot size for an application was 1,600 shares, requiring a minimum investment of ₹1,36,000 for retail investors. For High Net Worth Individuals (HNIs), a minimum lot size of investment was fixed 2 lots, or 3,200 shares, amounting to ₹2,72,000.
VR Infraspace is engaged in real estate development and is based in Vadodara, Gujarat. The company specialises in residential and commercial projects and focuses on building affordable and luxurious properties, equipped with security systems, recreational facilities and other modern amenities.