Current Infraprojects IPO Allotment Status Due Today, Shares to List on September 3
Current Infraprojects' SME IPO allotment status is expected to be finalized on September 1. The IPO was heavily oversubscribed at 380 times, with strong demand across all investor categories. The Rs 41.8 crore IPO had a price band of Rs 76-80 per share. The grey market premium suggests a potential listing price of Rs 121, indicating a 51.25% gain. Listing on the NSE SME platform is anticipated on September 3.
*this image is generated using AI for illustrative purposes only.
The Initial Public Offering (IPO) of Current Infraprojects, which garnered overwhelming investor interest, is set to reach a crucial milestone today. The allotment status for the SME IPO is expected to be finalized on September 1, marking an important step towards the company's debut on the NSE SME platform.
Subscription Details
The IPO of Current Infraprojects witnessed an extraordinary response from investors across all categories:
- Overall subscription: 380 times
- Qualified Institutional Buyers (QIBs): 191 times
- Non-Institutional Investors (NIIs): 640 times
- Retail Investors: 396 times
The offering received bids for over 1,32,95,66,400 shares against the 35,04,000 shares on offer, reflecting the strong demand for the company's shares.
IPO Structure and Pricing
Current Infraprojects' IPO, which aimed to raise Rs 41.8 crore, consisted entirely of a fresh issue of 0.52 crore shares. The price band for the issue was set between Rs 76 to Rs 80 per share.
Grey Market Premium
The grey market is showing a positive sentiment towards Current Infraprojects' shares. The grey market premium currently stands at Rs 41, indicating a potential listing price of Rs 121 per share. If this materializes, it would represent an estimated gain of 51.25% from the upper end of the IPO price band.
Important Dates for Investors
| Date | Event |
|---|---|
| September 1 | Expected finalization of allotment status |
| September 2 | Initiation of refunds and crediting of shares to successful applicants' demat accounts |
| September 3 | Anticipated listing date on the NSE SME platform |
Checking Allotment Status
Investors who applied for the IPO can check their allotment status through two primary methods:
- NSE Website: Visit the official NSE website to check the status.
- Registrar's Website: Access the website of Bigshare Services, the registrar for this IPO.
The strong subscription numbers and positive grey market premium suggest a keen interest in Current Infraprojects among investors. However, it's important to note that grey market premiums and estimated gains are unofficial and subject to market conditions. Investors are advised to make informed decisions based on their own research and risk assessment.
As the company prepares for its stock market debut, all eyes will be on its performance post-listing, which will provide a clearer picture of investor sentiment and the company's market valuation.
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