VVIP Infratech IPO Allotment Status

How to Check VVIP Infratech IPO Allotment Status 

How to check IPO allotment status? Since this is an BSE-SME IPO, you cannot check the allotment status on any 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 BSE SME IPOs. If you have applied for the IPO, you can either check your allotment status on the BSE website (being a BSE-SME IPO) after logging in or on the website of the IPO registrar, Maashitla Securities 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.

VVIP Infratech IPO Allotment Date - 26 July 2024

How to check VVIP Infratech IPO Allotment status on Maashitla Securities 

Visit the Maashitla Securities Private Limited registrar website for IPO status by clicking on the link below:

https://www.maashitla.com/allotment-status/public-issues

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 Maashitla Securities 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 Maashitla Securities 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, 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, 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 VVIP Infratech IPO 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 27, 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 character 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 VVIP Infratech 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 (INE0SVY01018). In case of any complaints or queries, you can email to ipo@maashitla.com or call +91-11-45121795-96.

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 VVIP Infratech IPO is a public issue of 6,582,000 equity shares, with 2,186,400 shares allocated for retail investors, 1,248,000 shares for qualified institutional buyers (QIB), and 937,200 shares for non-institutional investors. The issue also includes 1,872,000 shares for anchor investors, 338,400 shares for the market maker, and a total offering amounting to ₹61.21 crores. The allocation percentages are 33.22% for retail, 18.96% for QIB, 14.24% for non-institutional investors, 28.44% for anchor investors, and 5.14% for the market maker. The stock will list on the stock exchanges on the third working day after the closure of the IPO.

VVIP Infratech IPO Subscription Status

The VVIP Infratech IPO was subscribed 236.92 times, with retail investors subscribing 181.73 times, non-institutional buyers 456.82 times, and qualified institutional buyers 168.45 times. Anchor investors and market makers each subscribed 1 time. In total, 43.72 lakh shares were offered, but bids were placed for approximately 103.57 crore shares, amounting to ₹9,632.06 crores.

Data Source: BSE

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 BSE-SME IPOs generally get to see. However, it is best to wait for the basis of allotment to be finalized.

 About VVIP Infratech IPO

The VVIP Infratech IPO is a book-built issue aiming to raise ₹61.21 crores through a fresh issue of 65.82 lakh shares. The IPO opened for subscription on July 23, 2024, and closes on July 25, 2024, with the allotment expected on July 26, 2024. The shares are set to list on the BSE SME on July 30, 2024. The price band for the IPO is ₹91 to ₹93 per share, with a minimum lot size of 1200 shares, requiring a retail investment of at least ₹111,600. High net worth individuals (HNIs) need to invest in a minimum of 2 lots (2400 shares) amounting to ₹223,200. Share India Capital Services Private Limited is the lead manager, with Maashitla Securities Private Limited as the registrar, and Share India Securities as the market maker for this IPO. 

Next steps in the IPO of VVIP Infratech 

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 29th July 2024. In addition, the demat credits are expected to also happen on July 29, 2024, and the stock will list on 30th July 2024 on the BSE 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.