Aprameya Engineering IPO Allotment Status

Aprameya Engineering IPO Allotment Status

How to check IPO allotment status? Since this is an NSE-SME IPO, you cannot check the allotment status on the BSE website. You can only check on the registrar's website. Remember, the BSE only offers allotment status updates on its website for mainboard IPOs and for NSE SME IPOs. If you have applied for the IPO, you can either check your allotment status on the NSE website (being an NSE-SME IPO) after logging in or on the website of the IPO registrar, Link Intime India Private Limited. You can also use a broker link; in case your broker is giving such a direct linkage. Here are the steps that you need to follow to check the allotment status. Let us see how to check the allotment status on the Registrar's Website.

Aprameya Engineering IPO Allotment Date: 30 July 2024

Checking the allotment status of Aprameya Engineering on the website of Link Intime India Private Limited (Registrar to IPO)

Visit the Link Intime India registrar website for IPO status by clicking on the link below:

https://www.linkintime.co.in/IPO/public-issues.html

There are three things to remember. Firstly, you can just click on the hyper link given above and directly go to the allotment checking page. The second option, in case you are not able to click on the link, is to copy the link and paste in your web browser. Thirdly, there also a way to access this page via the home page of Link Intime India Private Ltd by clicking on the IPO Allotment Status link displayed prominently on the home page. It all works the same and leads you to the same landing page.

Once you enter the IPO allotment check landing page of Link Intime India Private Ltd, you are given the choice to select from 3 servers viz. Server 1, Server 2, and Server 3. There is nothing to be confused about, as these are just server backups in case one of the servers is experiencing too much traffic. You can select any of these 3 servers and in case you are finding problems accessing one of the servers, then try the other one. There is no difference, in which server you select; the output would still be the same. This is just a method to share the server load during peak access times.

What to do, once you reach the landing page?

When you go to the landing page, you will have to select the name of the company first. This company dropdown list will only show the active IPOs, so once the allotment status is finalized, you can select Aprameya Engineering from the dropdown box. The basis of allotment in this case will be finalized on 30 July 2024, so you will be able to access the details on the registrar's website either late on 30 July 2024 or by middle of 30 July 2024. Once the company is selected from the dropdown box, you have 3 methods to check the allotment status for the IPO.

· First, you can access the allotment status using the Application Number / CAF Number. The CAF is short for Composite Application Form and it is available on the acknowledgement slip given to you when you submit the IPO application. Enter the Application / CAF number and then click on the Search Button. Enter the application exactly it is given in the acknowledgement slip given to you post the IPO application process. After that, you can click on the Search button to get the details of shares allotted to you in the IPO. Before you see the output, you will be asked to enter a 6-digit Captcha code as given. In case, it is not clear, you can toggle for more options. The numeric captcha is to ensure that the person accessing the allotment status is a human being and not bulk robotic access.

·The second option is that you can search by Beneficiary ID of your demat account. From the dropdown box, you must first select the depository name where your demat account is held i.e., NSDL or CDSL. In the case of NSDL, enter the DP ID and Client ID in separate boxes as provided. NSDL will be an alphanumeric code. In case of CDSL, just enter the CDSL client number. Remember that the NSDL string is alphanumeric while the CDSL string is a numeric string. The details of your DP and client ID are available in your online DP statement or in the statement of account. After that you can click the Search Button in both cases. Before you see the output, you will be asked to enter a 6-digit numeric Captcha code as given. In case, it is not clear, you can toggle for more options. The captcha is to ensure that the person accessing the allotment status is a human being and not a robot.

·Thirdly, you can also search by Income Tax PAN number. Once you select PAN (permanent account number) from the dropdown menu, enter your 10-digit PAN number, which is an alphanumeric code. Remember, in a PAN, the first to fifth and the tenth characters are alphabets while the sixth to ninth character are numeric characters. The PAN number will be available on your PAN card or on top of your income tax returns filed. Once you enter the PAN, click on the Search Button. Once again, before you see the output, you will be asked to enter a 6-digit numeric Captcha code as given. In case, if it is not clear, you can toggle for more options.

The IPO status with a number of shares of Aprameya Engineering allotted will be displayed on the screen. You can save a screenshot of the output page for future reference. You can verify the demat credit by the close of 29 June 2024, or later bearing ISIN. In case of any complaints or queries, you can email to ipo.helpdesk@linkintime.co.in or call +91-22-4918 6270.

IPO Allocation and Subscriptions: why they matter to allotment status

Here is a break-up of the total shares issued by the company and its quota allocated for different classes of investors. This is the key to your chances of allotment in the IPO.

Data Source: Company RHP

The Aprameya Engineering IPO offers a total of 5,040,000 shares. The shares are allocated as follows: 1,434,000 shares (28.45%) to Anchor Investors, 958,000 shares (19.01%) to Qualified Institutional Buyers (QIB), 718,000 shares (14.25%) to Non-Institutional Investors (NII), 1,676,000 shares (33.25%) to Retail Individual Investors (RII), and 254,000 shares (5.04%) to Market Makers.

Aprameya Engineering IPO has raised ₹8.32 crore from anchor investors with the anchor bid date set on July 24, 2024. A total of 1,434,000 shares were offered to anchor investors. The lock-in period for 50% of these shares ends on August 29, 2024, while the remaining shares have a lock-in period ending on October 28, 2024. The stock will list on the stock exchanges on the third working day after the closure of the IPO.

Aprameya Engineering Subscription Status 

The Aprameya Engineering IPO has been subscribed 191.38 times overall as of July 29, 2024, 5:16:00 PM. The retail category saw a subscription of 185.63 times, the QIB category 90.29 times, and the NII category 339.69 times. Anchor investors subscribed 1 time, and the market maker category subscribed 1 time. A total of 33,52,000 shares were offered, with bids for 64,15,12,000 shares, totaling Rs 3,720.77 crores. The IPO received 155,558 applications in total.

Data Source: NSE

Aprameya Engineering IPO subscribed 191.38 times. The public issue subscribed 185.63 times in the retail category, 90.29 times in QIB, and 339.69 times in the NII category by July 29, 2024, 5:16:00 PM. In the above case, the subscription is robust for retail and HNI / NII, and that largely makes the chances of allotment in the IPO substantially lower. This subscription is much higher than the median subscription that NSE-SME IPOs generally get to see. However, it is best to wait for the basis of allotment to be finalized.

About Aprameya Engineering  IPO

Aprameya Engineering IPO is a book-built issue of ₹29.23 crores, consisting entirely of a fresh issue of 50.4 lakh shares. The IPO opened for subscription on July 25, 2024, and closes today, July 29, 2024. The allotment is expected to be finalized on Tuesday, July 30, 2024, with the listing on NSE SME tentatively set for Thursday, August 1, 2024. The price band for the IPO is set at ₹56 to ₹58 per share, with a minimum lot size of 2,000 shares, requiring a minimum investment of ₹116,000 for retail investors. High Net-worth Individuals (HNI) must invest in a minimum of 2 lots (4,000 shares), amounting to ₹232,000. Hem Securities Limited is the book-running lead manager, Link Intime India Private Ltd is the registrar, and Hem Finlease is the market maker for this IPO.

Like every SME IPO, this issue also has a market-making portion. The company has allocated 254,000 shares to the market maker. Hem Finlease will be the market maker to the issue, providing two way-quotes on the stock post listing. The market maker provides two-way quotes to ensure liquidity on the counter and low basis costs. The company has been promoted by Saurabh Kishorbhai Bhatt and Chetan Mohan Joshi. The promoter holding in the company currently stands at 100.00%. However, post the fresh issue of shares, promoter equity holding shares will get diluted to 73.53%. The fresh issue funds will be used by the company for capital expenditure. A small part of the IPO proceeds has also be set aside for general corporate purposes. Hem Securities Limited will be the lead manager to the issue, and Link Intime India Private Ltd will be the registrar to the issue. The market maker for the issue is yet to be announced officially by the company. The IPO of Aprameya Engineering will be listed on the SME IPO segment of the NSE.

Next steps in Aprameya IPO

Investors would do well to remember that the level of subscription is very material as it determines the chances of getting an allotment. Normally, the higher the subscription ratio, the lower the chances of allotment and vice versa. In this case, the subscription levels have been very high in the IPO; both in the Retail segment and also in the HNI / NII segment. Investors in the IPO need to assess their chances of allotment accordingly. The final status will be known once the basis of allotment is finalized and uploaded for you to check. You can apply the above allotment checking process flow after the basis of the allotment is finalized.