790% Subscription; Swastika Infra IPO Allotment OUT Today; Check If You Received Shares; Step-by-Step Guide

The Swastika Infra IPO Allotment status will be finalised today, and investors who applied for the same can check their status to find out whether they received the shares of this company or not.

The public issue received strong demand during its three-day bidding period. The IPO was subscribed 7.91 times overall, with particularly huge demand from non-institutional investors who have been allotted shares will receive the shares in their demat accounts, while unsuccessful applicants will have their funds released according to the applicable IPO process.

The Swastika Infra IPO listing date is tentatively scheduled for September 30th, with the company's shares set to list on both the NSE and BSE.

Swastika Infra IPO Subscription Details

The Swastika Infra IPO opened for subscription on September 23rd, and bidding closed on September 25th.

The Rs.160.88 crore public issue was subscribed 7.91 times by the end of the bidding period.

The category-wise subscription was also impressive as the Retail category was subscribed 5.64 times. The QIBs (excluding anchor investors) bid it 3.31 times and the NIIs booked it 19.35 times.

Because of the strong subscription, particularly in the NII category, investors may not receive the full number of shares they applied for. The allotment will be done by a lottery-based process since the categories are oversubscribed.

How To Check Swastika Infra IPO Allotment Status

The Swastika Infra IPO allotment date is September 28th. Investors can check whether they have received shares using their application details.

Investors can follow these steps to check through the IPO registrar's website:
Step 1: Visit the official website of the IPO registrar handling the Swastika Infra issue.
Step 2: Select Swastika Infra IPO from the list of available issues.
Step 3: Enter the required details, such as PAN, application number or other applicable identification details.
Step 4: Enter the captcha/security information and submit the details.
Step 5: Your Swastika Infra IPO allotment status will appear on the screen.

Swastika Infra IPO Price Band and Lot Size

The Swastika Infra IPO price band was fixed at Rs. 175 to Rs. 185 per share. The IPO lot size was 81 shares. At the upper price band of Rs. 185, a retail investor needed to invest Rs. 14,985 for one lot.

Swastika Infra IPO GMP Today

The Swastika Infra IPO GMP today is currently around Rs. 5 per share as of September 28. Based on the upper price band of Rs. 185 and a GMP of Rs. 5, the estimated listing price is expected to be around Rs. 190 per share with a 2.70% gains

Swastika Infra IPO Listing Date

The Swastika Infra IPO listing date is tentatively fixed for September 30th, on both the NSE and BSE.