How To Check Active Infrastructures IPO Allotment Status — Check Latest GMP And Steps To Verify Status

The initial public offering (IPO) of Active Infrastructures Ltd. was fully booked on the last day of bidding on Mar. 25. The NSE SME issue was overall subscribed 1.11 times.

As per the NSE data, the IPO received bids for 42,63,600 shares against 38,39,400 shares on offer.

The Qualified Institutional Buyers (QIBs) quota was fully booked, while the Non-Institutional Investors (NIIs) category was subscribed 1.79 times. The retail portion of the IPO remained under-subscribed, with a booking of only 57%.

Following the successful subscription, IPO allotment status is expected to be finalised by the company on Mar. 26. The IPO listing date has been tentatively fixed as Mar. 28.

The Maharashtra-based company, which specialises in infrastructure development and construction of commercial projects, aims to raise Rs 77.83 crore from the primary market through its maiden share sale.

Kreo Capital Pvt. is the book-running lead manager of the Active Infrastructures IPO. Bigshare Services Pvt. is the registrar, and Badjate Stock And Shares Pvt. is the market maker for the IPO.

Investors can check the Active Infrastructures IPO allotment status on Bigshare Services and the NSE websites by following a few simple steps.

Steps to check Active Infrastructures IPO allotment status on NSE:

• Visit the IPO allotment page on the NSE website here: https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids

• Select 'Equity & SME IPO bid details'.

• Select the company symbol ‘ACTIVEINFR’ from the drop-down list.

• Enter PAN and Application Number.

• Click on the Submit button to verify your share allotment status.

Steps to check Active Infrastructures IPO allotment status on Bigshare Services:

• Visit the IPO allotment page on the Bigshare Services website here.

• Select any one server out of the 3 options.

• Select 'Active Infrastructures Ltd.' from the dropdown list of company names.

• Enter your PAN, Application/CAF Number, or DP/Client ID.

• Fill in the captcha details. 

• Click on the Search button to verify your share allotment status.

As per InvestorGain, the latest grey market premium for Active Infrastructures IPO stood at Re 1 on Mar. 26, indicating a near flat listing for the IPO. Unlisted shares of the company were trading at Rs 182 a piece in the grey market, a premium of 0.55%.

Note: GMP does not represent official data and is based on speculation.

Use Of IPO Proceeds

The company has proposed to use proceeds from the IPO to fund working capital requirements, repay borrowings, capital expenditure for buying construction equipment and general corporate purposes.

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.