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Technocraft Ventures IPO Allotment Today: Check Status, GMP, & Listing Date

· · 4 min read

Technocraft Ventures is finalizing IPO share allotments today, August 12. Investors can check their status for the Rs 252 crore issue, which saw strong 38.69x subscription. Listing is tentatively set for August 14.

Technocraft Ventures IPO Allotment Status Finalized Today

New Delhi-based public infrastructure development company, Technocraft Ventures, is set to finalize the basis of allotment for its initial public offering (IPO) shares today, Wednesday, August 12. Investors who participated in the bidding process can expect to receive debit messages or revocations of their IPO mandates by Thursday, August 13. The engineering solutions firm garnered a robust response from investors during its subscription period.

IPO Details and Subscription Performance

The Technocraft Ventures IPO was open for subscription from August 7 to August 11, with shares offered in a price band of Rs 200-212 apiece. The minimum application required a bid for 70 shares. The company successfully raised Rs 252 crore through the offering, which included a fresh issue of shares worth Rs 202 crore and an offer-for-sale (OFS) of up to 2,376,000 equity shares valued at Rs 50 crore.

The IPO witnessed significant investor interest, being oversubscribed a remarkable 38.69 times, attracting bids exceeding Rs 6,800 crore from over 13.48 lakh applications. Qualified Institutional Buyers (QIBs) led the charge with their portion booked 42.26 times, while Non-Institutional Investors (NIIs) saw an even higher subscription rate of 65.06 times. Retail investors also showed strong participation, with their allocated quota subscribed 25.35 times.

Allotment Odds for Investors

Based on the subscription figures, the tentative allotment probabilities for different investor categories are as follows:

  • Big HNI category: Approximately 1 out of 12 investors will receive 980 shares (8.33% probability).
  • Small HNI category: Roughly 1 out of 65 investors will receive 980 shares (1.54% probability).
  • Retail category: About 1 out of 22 investors will be allotted 70 shares (4.54% probability).

Grey Market Premium (GMP) Update

The Grey Market Premium (GMP) for Technocraft Ventures has experienced a positive rebound, driven by the strong bidding activity and recent decent listings in an otherwise subdued market. The latest reports indicate a GMP of Rs 29-31 per share, suggesting a potential listing gain of 14-15 percent for investors.

About Technocraft Ventures

Established in 1998, Technocraft Ventures specializes in public infrastructure development, undertaking turnkey Engineering, Procurement, and Construction (EPC) projects. The company operates across various infrastructure sectors, primarily delivering projects for state governments and government agencies in Northern India, including Uttar Pradesh, Uttarakhand, Rajasthan, and the National Capital Territory of Delhi.

Key Personnel and Listing Information

Khambatta Securities serves as the sole book-running lead manager for the Technocraft Ventures IPO, with Bigshare Services appointed as the registrar for the issue. The credit of shares to successful applicants and the initiation of refunds are scheduled for Thursday, August 12. The shares of Technocraft Ventures are tentatively slated to be listed on both BSE Ltd and NSE on Friday, August 14.

How to Check Technocraft Ventures IPO Allotment Status

Investors can check their allotment status through multiple channels once it is finalized:

1. Via BSE Website:

  1. Visit the official BSE website: https://www.bseindia.com/investors/appli_check.aspx
  2. Under 'Issue Type', select 'Equity'.
  3. From the 'Issue Name' dropdown, choose 'Technocraft Ventures Limited'.
  4. Enter your application number.
  5. Input your PAN card ID.
  6. Complete the 'I am not a Robot' captcha and click 'Search'.

2. Via NSE Website:

  1. Navigate to the NSE investor portal: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids
  2. Select 'Equity & SME IPO Bid details'.
  3. Under 'Select Symbol', choose 'TECHNOCRAF'.
  4. Enter your PAN No. and Application No.
  5. Click 'Submit' to view your status.

3. Via Registrar's Website (Bigshare Services Limited):

  1. Go to the Bigshare Services Private Limited web portal: https://ipo.bigshareonline.com/IPO_Status.html
  2. Select the IPO name from the dropdown (it will appear once allotment is finalized).
  3. Choose one of the three search modes: Application number/CAF No, Beneficiary ID, or PAN ID.
  4. Enter the required details for your selected mode.
  5. Accurately fill in the captcha for security.
  6. Click 'Search' to ascertain your allotment status.

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