VVIP Infratech IPO share allotment expected today: Steps to check status on Maashitla Securities, BSE

The allotment of shares VVIP Infratech IPO is to be finalised today. The iitial public offering was subscribed 220 times subscription during the bidding process from July 23 to July 25. The company aims to raise ₹61.21 crore via its book-building public offer, which is entirely a fresh issue of 65.82 lakh shares.

Once VVIP Infratech Limited finalises the basis of allotment, the next phase will involve processing refunds for unsuccessful subscribers and crediting shares to those who successfully secured IPO stock units during the bidding.

The company is expected to start refunds on July 29 and credit shares to the demat accounts of successful investors on the same day.

With the subscription phase over, all investors who participated in the bidding round are awaiting the allotment of shares. Investors must note that they have two options to check their allotment status - through the official website of the BSE or the registrar portal. Maashitla Securities Private Limited is serving as the registrar for the issue.

Steps to check VVIP Infratech IPO allotment status on BSE portal

• Visit the BSE IPO Allotment Status page: BSE IPO Allotment Status.

• Select 'Equity' as the issue type.

• Choose 'VVIP Infratech Limited' from the 'Issue Name' drop-down menu.

• Enter your IPO application number or PAN number, then click on 'Search' to display your allotment details.

How to check VVIP Infratech IPO allotment status on Maashitla Securities portal

• Visit website - https://maashitla.com/allotment-status/public-issues

• Go to 'Check Application Status' section

• Select company name as 'VVIP Infratech'

• Enter PAN/Application No./ Demat a/c No.

• Click the 'Submit' button.

Successful bidders can also check the number of shares allocated to them versus the number they bid for.

VVIP Infratech Limited IPO subscription details:

VVIP Infratech Limited IPO offered 65.82 lakh shares, amounting to ₹61.21 crore. The company received bids for 103.6 crore shares against the 43.71 lakh shares offered for subscription.

Non-Institutional Investors (NIIs) bid for 42.84 crore shares against 9.37 lakh shares on offer for them. They subscribed to their portion 335.9 times. Qualified Institutional Buyers (QIBs) subscribed to their reserved portion 168.45 times, sending applications for 21.02 crore shares against 12.48 lakh reserved under the category for subscription. Retail investors booked their portion 182 times, bidding for 39.73 crore shares over 21.86 lakh shares offered.

Anchor investors were offered 18.72 lakh shares worth ₹17.41 crore. Market Makers receive 3,38,400 shares, making up 5.14% of the issue size.

VVIP Infratech Limited IPO details

VVIP Infratech IPO price band was kept at ₹91 to ₹93 per share with a minimum lot size for an application at 1,200 shares. With this IPO band price, retail investors were required to invest a minimum of ₹1,11,600 to bid for one lot of IPO shares. The minimum lot size investment for high net worth individuals (HNIs) was kept at 2 lots or 2,400 shares, which required an investment of ₹2,23,200.

VVIP Infratech IPO shares will be listed on the BSE SME platform, with the tentative listing date set for July 30.