Vishnu Prakash IPO share allotment scheduled today; here’s how to check

31 Aug 2023 , 09:40 AM

The finalization of the allotment process for the Vishnu Prakash IPO is anticipated today. The IPO, presented by Vishnu Prakash R Punglia, was available for subscription from August 24 to August 28. It garnered an exceedingly positive response from investors over the three-day bidding period.

The public offering received bids for 192.58 crore equity shares, a significant oversubscription compared to the 2.19 crore shares available for purchase. The retail category saw an oversubscription of 32.02 times, while the Non-Institutional Investors’ (NII) category was oversubscribed by 111.03 times. The quota allocated for Qualified Institutional Buyers (QIB) witnessed an extraordinary oversubscription of 171.69 times.

Investors can access the IPO allotment status on the BSE website and the website of the registrar, Link Intime Pvt Limited.

Once allotted, eligible shareholders can expect the Vishnu Prakash shares to be credited to their accounts by September 4, 2023, with the listing scheduled for September 5. The company’s shares are set to be listed on both the BSE and NSE stock exchanges.