The allotment date for Akanksha Power and Infrastructure IPO is scheduled for today, January 1. Investors who applied for the IPO can check their allotment status on the registrar’s portal, Link Intime India Private Ltd. The IPO subscription, which opened on December 27 and closed on December 29, witnessed a robust demand, with a subscription status of 117.39 times on the third day.
Investors can verify the number of shares allocated to them through the basis of allotment, and this information is available in the IPO allotment status. The company will initiate the refund process for applicants who were not allotted shares, while those who were allotted shares will see them credited to their demat accounts.
The IPO listing date for Akanksha Power is set for Wednesday, January 3, on NSE SME. The refund process for non-allotted applicants will commence on Tuesday, January 2. Investors who applied for the Akanksha Power and Infrastructure IPO can check their allotment status on the registrar’s website, Link Intime India Private Ltd, using the following steps:
1. Visit the Link Intime India Private Ltd website provided in the information.
2. Choose the Akanksha Power IPO from the drop-down menu, which will appear only if the allocation is completed.
3. Select one of the three options to check the status: Application Number, Demat Account, or PAN.
4. Choose between ASBA and non-ASBA under application type.
5. Enter the relevant information based on the mode selected in Step 2.
6. Complete the process by submitting the details and filling out the captcha.
As for the Grey Market Premium (GMP) of Akanksha Power IPO, it is reported to be +10, indicating a premium of ₹10 in the grey market. This suggests that Akanksha Power shares are trading at a premium compared to the issue price. Considering the upper end of the IPO price band and the current GMP, the estimated listing price of Akanksha Power shares is ₹65, representing an 18.18% increase from the IPO price of ₹55.
Analysts suggest that based on recent activities in the grey market, the IPO GMP may trend downward. The lowest GMP reported is ₹10, while the highest is ₹15. The “Grey Market Premium” reflects investors’ willingness to pay more than the issue price.
