Influx Healthtech IPO Allotment Status: How To Check On NSE And Maashitla Securities

The initial public offering (IPO) of Influx Healthtech saw a huge demand on the third and last day of bidding on Friday, June 20. The NSE SME issue was booked over 200 times, led by overwhelming response from investors across categories. The Qualified Institutional Buyers (QIBs) booked their category nearly 138 times. The Non-Institutional Investors (NIIs) booked their quota 481 times, while the retail portion was subscribed 117 times.     

After the end of the subscription, the bidders are waiting for the Influx Healthtech IPO allotment status. The company is expected to finalise the IPO share allotment on June 23.   

Following the share allotment status, the company will initiate refunds and transfer of shares to the Demat accounts on June 24. Shares of Influx Healthtech Ltd. are scheduled to be listed on the NSE SME platform on June 25.

Investors can check the share allotment status for the Influx Healthtech IPO on the websites of the NSE and the issue registrar, Maashitla Securities.

• Visit the IPO allotment page on the NSE website here. 

• Select 'Equity & SME IPO bid details'. 

• Select the company symbol “INFLUX” from the dropdown list for issue symbols. 

• Enter PAN details and Application Number. 

• Click on the “Submit” button to check the share allotment details.

• Go to the IPO allotment page on the official website of Maashitla Securities Pvt. here.

• Choose “ Influx Healthtech Ltd.” from the list of companies. 

• Enter your Application Number, Demat account number, or PAN. 

• Enter details as per your selection. 

• Click on “Submit” to view the allotment status.

As per InvestorGain, the grey market premium for the Influx Healthtech IPO was Rs 22 at 7:00 a.m. on June 22. Shares of the company are expected to be listed at Rs 118 apiece, indicating a premium of 22.92% compared to the upper limit of the price band. 

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

The price band for the IPO has been fixed between Rs 91 and Rs 96 per share. The NSE SME IPO is a book-building issue worth Rs 55.63 crore. The IPO comprised a fresh issue of 46.94 lakh shares, aggregating to Rs 45.07 crore and an offer-for-sale of 11 lakh shares, amounting to Rs 10.56 crore.

The company is in the business of manufacturing healthcare products. It will use proceeds from the IPO to create manufacturing facilities and for 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.