V.L.Infraprojects IPO Allotment Status

How to check V.L.Infraprojects 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, Skyline Financial Services Private Limited. You can also use a broker link if your broker is providing such 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.

VVIP Infratech IPO Allotment Date - 26 July 2024

How to check V.L.Infraprojects IPO allotment status on Skyline Financial Services

Visit the Skyline Financial Services registrar website for IPO status by clicking on the link below:

https://www.skylinerta.com/ipo.php 

There are three things to remember. Firstly, you can just click on the hyperlink 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 Skyline Financial Services 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 Skyline Financial Services 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 V.L.Infraprojects  from the dropdown box. The basis of allotment in this case will be finalized on July 26, 2024, so you will be able to access the details on the registrar website either late on July 26, 2024, or by the middle of July 26, 2024. Once the company is selected from the dropdown box, you have 3 methods to check the allotment status for the IPO.

• Firstly, 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 the 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 characters 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 V.L.Infraprojects 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 July 29, 2024, or later bearing ISIN. In case of any complaints or queries, you can email to info@skylinerta.com or call 02228511022.
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 V.L. Infraprojects IPO offers a total of 4,410,000 shares. Out of these, 1,248,000 shares (28.30%) are allocated to anchor investors, 240,000 shares (5.44%) to market makers, 834,000 shares (18.91%) to qualified institutional buyers (QIB), 627,000 shares (14.22%) to non-institutional investors (NII), and 1,461,000 shares (33.13%) to retail investors. The stock will list on the stock exchanges on the third working day after the closure of the IPO.

 V.L.Infraprojects IPO Subscription Status

The V.L. Infraprojects IPO was subscribed 633.63 times, with retail investors leading the charge at 839.50 times, followed by non-institutional buyers at 725.73 times and qualified institutional buyers at 203.73 times. Anchor investors and market makers each subscribed 1 time. In total, 29.22 lakh shares were offered, but bids were placed for approximately 185.14 crore shares, amounting to ₹7,776.10 crore. The IPO was kept open for a period of 3 trading days.

Data Source: NSE

V.L.Infraprojects IPO subscribed 633.63 times. The public issue subscribed 839.50 times in the retail category, 203.73 times in QIB, and 725.73 times in the NII category by July 25, 2024 5:27 Pm. In the above case, the subscription is extremely robust and strong 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 V.L.Infraprojects IPO

The V.L. Infraprojects IPO is a book-built issue worth ₹18.52 crores, consisting entirely of a fresh issue of 44.1 lakh shares. The IPO is open for subscription from July 23, 2024, and closes on July 25, 2024, with the allotment expected to be finalized on July 26, 2024. The shares will be listed on the NSE SME on July 30, 2024. The price band for the IPO is set at ₹39 to ₹42 per share, with a minimum lot size of 3000 shares requiring an investment of ₹126,000 for retail investors, and a minimum of 6000 shares requiring ₹252,000 for HNI investors. Beeline Capital Advisors Pvt Ltd is the book-running lead manager, Skyline Financial Services Pvt Ltd is the registrar, and Spread X Securities is the market maker for the IPO. 

The proceeds from the V.L. Infraprojects IPO will be used for working capital requirements and general corporate purposes. 

Next steps in V.L. Infraprojects IPO

The issue opened for subscription on 23rd July 2024 and closed for subscription on 25th July 2024 (both days inclusive). The basis of allotment will be finalized on July 26, 2024, and the refunds will be initiated on July 29, 2024. In addition, the demat credits are expected to also happen on July 29, 2024, and the stock will list on July 30, 2024, on the NSE SME IPO segment. The credits to the Demat account to the extent of shares allotted will happen by the close of July 29, 2024.

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.