The allotment process for the Bharat Highways InvIT IPO is slated to be concluded on Wednesday, March 6, 2024.
Investors who submitted applications for this IPO can monitor their allotment status through multiple channels, including the registrar's portal managed by Kfin Technologies Ltd, the official websites of the Bombay Stock Exchange (BSE), and the National Stock Exchange (NSE).
The IPO subscription window spanned from February 28 to March 1, experiencing oversubscription by a factor of 6.74 times on the final day of the public issue.
The anticipated listing date for the Bharat Highways InvIT IPO is Tuesday, March 12. Through a fresh share sale of up to 25 crore units, the IPO successfully raised Rs 2,500 crore.
Here are the steps to ascertain the allotment status via Kfin Technologies Ltd's portal:
- Begin by visiting the designated website.
- Select the IPO from the dropdown menu, which becomes accessible once the allotment process concludes.
- Depending on your preference, choose between the options provided: Application number, Demat Account number, or PAN ID.
- Specify the application type as either ASBA or non-ASBA.
- Input the relevant details corresponding to your selection in the preceding step.
- Enter the captcha code accurately for security purposes.
- Click on the submit button to proceed.
To check the allotment status through BSE:
- Navigate to the allotment page on BSE's official website.
- Choose 'Equity' under the 'Issue Type' section.
- From the dropdown menu labeled 'Issue Name', opt for the IPO in question.
- Provide either your PAN or application number.
For checking the allotment status via NSE:
- Visit the official website of NSE.
- Click on 'Click here to sign up' and complete the registration process using your PAN.
- Log in with your username, password, and captcha code.
- Access the IPO allotment status on the subsequent page.
Regarding the latest Grey Market Premium (GMP) for the Bharat Highways InvIT IPO, it stands at Rs 2. Considering the price band of Rs 100.00, the projected listing price for the IPO is estimated to be Rs 102, inclusive of the cap price and the current GMP. This suggests an anticipated percentage gain/loss per share of 2 percent.
