The allotment of Vruddhi Engineering Works IPO shares will be finalized today, Monday, April 1. Investors can track the IPO allotment status through the registrar’s website, Bigshare Services Pvt Ltd.
Using the basis of allotment, investors can verify the number of shares allocated to them. The application refund process will commence for those who did not receive shares, with shares credited to allocated investors’ demat accounts by Tuesday, April 2, as soon as the allotment is finalized today.
Vruddhi Engineering Works IPO is scheduled to be listed on BSE SME on Wednesday, April 3.
To check the IPO allotment status, investors can follow these steps:
Step 1: Visit the IPO registrar’s website: https://ipo.bigshareonline.com/ipo_status.html
Step 2: Select “Vruddhi Engineering Works IPO” under the company name field.
Step 3: Choose “PAN Number, Beneficiary ID, or Application No./CAF No.”
Step 4: Click “Search” to view the allotment status.
Additionally, investors can check the allotment status on BSE’s official website using the following steps:
Step 1: Visit BSE’s official website: https://www.bseindia.com/investors/appli_check.aspx
Step 2: Under ‘Issue Type’, select ‘Equity’.
Step 3: Choose the IPO from the drop-down option under ‘Issue Name’.
Step 4: Enter PAN or application number.
Step 5: Confirm identity by clicking ‘I am not a Robot’ and then click ‘Submit’.
The Vruddhi Engineering Works IPO witnessed a subscription of 12.67 times on Day 3, with the retail portion subscribed 20.10 times and the Non-institutional investors segment subscribed 28.14 times.
The IPO’s grey market premium stood at ₹0, indicating shares were trading at the issue price of ₹70 with no premium or discount. This trend is expected to continue until the day of listing based on past grey market activities.
