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Afcom Holdings Limited, a leading provider of engineering and construction services, recently launched its initial public offering (IPO) to raise funds for expansion and growth. The IPO opened for subscription on August 2, 2024 and closed on August 6, 2024. With the basis of allotment finalized on August 7, 2024, successful applicants are eagerly awaiting the allotment of shares. If you participated in the Afcom Holdings IPO, you may be wondering how to check Afcom Holdings IPO Allotment Status. In this article, we’ll guide you through the process step-by-step.
Steps How to Check Afcom Holdings IPO Allotment Status
The registrar for the Afcom Holdings IPO is Link Intime India Pvt Ltd. To check your allotment status, follow these simple steps:
- Visit the Link Intime IPO allotment status page at https://www.linkintime.co.in/IPO/public-issues.html
- Select “Afcom Holdings Limited” from the dropdown menu
- Enter your PAN card number
- Enter your Application Number
- Click on “Search”
Your IPO allotment status will be displayed on the page. If you have been allotted shares, the details will include the number of shares allotted and the amount to be blocked in your bank account for the allotted shares.
Key Dates to Remember
The Afcom Holdings IPO followed a specific timeline, which is important to keep in mind:
- IPO Opening Date: August 2, 2024
- IPO Closing Date: August 6, 2024
- Basis of Allotment Finalized: August 7, 2024
- Shares Credited to Demat Accounts: August 8, 2024
- Listing on BSE SME Exchange: August 9, 2024
IPO Details
Before we dive deeper into the allotment process, let’s take a look at some key details about the Afcom Holdings IPO:
- Price Band: ₹102 to ₹108 per share
- Fresh Issue Size: 68,36,400 shares aggregating up to ₹73.83 crore
- Minimum Bid Lot: 1,200 shares
- Retail Investor Allocation: 35%
The price band of ₹102 to ₹108 per share indicates the range within which the shares were offered. The fresh issue size of 68,36,400 shares represents the number of new shares being issued by the company, which will contribute to the ₹73.83 crore being raised.
The minimum bid lot of 1,200 shares means that investors had to bid for at least 1,200 shares or multiples thereof. The 35% allocation for retail investors ensures that a significant portion of the IPO was reserved for individual investors.
Allotment Process
The allotment process for the Afcom Holdings IPO followed a specific sequence:
- Finalization of Basis of Allotment: On August 7, 2024, the basis of allotment was finalized, determining the number of shares to be allotted to successful applicants.
- Unblocking of Excess Funds: For applicants who did not receive the full allotment, the excess funds blocked in their bank accounts were unblocked.
- Shares Credited to Demat Accounts: On August 8, 2024, the allotted shares were credited to the successful applicants’ demat accounts.
- Listing on BSE SME Exchange: Afcom Holdings’ shares are expected to be listed on the BSE SME exchange on August 9, 2024, allowing investors to trade the shares on the secondary market.
Importance of Checking Allotment Status
Checking your allotment status is crucial for several reasons:
- Confirmation of Allotment: By checking your status, you can confirm whether you have been allotted shares or not.
- Blocked Funds: If you have been allotted shares, the corresponding amount will be blocked in your bank account. Checking your status will help you plan your finances accordingly.
- Trading Opportunities: Once the shares are listed on the exchange, you can decide whether to hold or trade the shares based on your investment strategy.
Checking your Afcom Holdings IPO allotment status is a straightforward process. By visiting the Link Intime website, entering your PAN and application number, and clicking search, you can easily access your allotment details. Remember to keep track of the key dates and understand the allotment process to make informed decisions about your investment.
