IPO allotments today: How to check allotment status for Elevate Campuses, Swastika Infra & ArMee Infotech on NSE, BSE & registrars?

The share allotments for Elevate Campuses, Swastika Infra and ArMee Infotech IPOs will likely be finalised today, September 28. Investors can check their allotment status on NSE and BSE, as well as the official sites of the respective registrar for the maiden public issues of the three companies.

The three IPOs remained open for public bidding between September 23 and September 25, and their shares are scheduled to debut on NSE and BSE on September 30. While those allotted shares in the IPOs will actively await the listing, those who do not receive allotment in the IPOs will likely receive the refunds by September 29.

IPO allotment: How to check allotment status on NSE?

Step 1: Open the website of NSE by clicking on this direct link here.


Step 2: Select the company name (Elevate Campuses/Swastika Infra/ArMee Infotech) by selecting Equity & SME IPO bid details.

Step 3: Fill in the necessary details like IPO Application number or PAN details after selecting the company name

Step 4: Press the 'Submit' button

The allotment status will be shown in the window.

IPO allotment: How to check allotment status on BSE?

• Step 1: Open the website of BSE by clicking on this direct link here.
• Step 2: Select 'Equity' under the issue type section.
• Step 3: Select the company name (Elevate Campuses/Swastika Infra/ArMee Infotech) under the ‘Issue name’ dropdown list
• Step 4: Fill in the required details including the 'Issue Name'.
• Step 5: Enter PAN number, captcha and click on 'Submit' to view the status

Also Read | Adroit Industries IPO allotment likely today: GMP signals 28% listing gain: Here's how to check status

IPO allotment: How to check allotment status on registrar?

The registrars for the three IPOs are different, which means that IPO applicants need to follow different steps to look into the allotment status for each of the maiden issues. KFin Technologies is the registrar for the Elevate Campuses IPO. Investors can check their allotment status by following simple steps on the official website of the registrar here.

ArMee Infotech IPO’s registrar is CAMEO, and IPO applicants can check their allotment status here. The registrar for Swastika Infra meanwhile is MUFG Intime India, and IPO applicants can check their allotment status here.

Elevate Campuses IPO GMP

Ahead of listing, the unlisted shares of Elevate Campuses were trading with nearly 3% grey market premium (GMP) over the IPO price at Rs 372 apiece. This comes after Rs 2,100-crore Elevate Campuses IPO received decent investor interest during its three days of public bidding, being subscribed around two times its offer size.

The maiden public issue of the organised student-accommodation player entirely comprised a fresh issue of 5.80 crore equity shares at a price band of Rs 343 to Rs 362 per share. JM Financial, IIFL Capital Services and Morgan Stanley India were the book-running lead managers for the issue.

Swastika Infra IPO GMP

Swastika Infra’s unlisted shares were trading with a little over 3.5% GMP over the IPO price, ahead of listing. The maiden public issue of the company ended with around 8 times subscription.

The Rs 161-crore Swastika Infra IPO comprised a fresh issue of 69 lakh shares aggregating to Rs 128 crore and an offer for sale (OFS) of 17 lakh shares worth more than Rs 32 crore at a price band of Rs 175-185 per share.

Srujan Alpha Capital Advisors LLP and PhillipCapital India Pvt. Ltd. were the book-running lead managers for the issue, while MUFG Intime India Pvt. Ltd. is the registrar.

Also Read | Swastika Infra IPO Day 3: Issue subscribed 7.6 times; Check key details

ArMee Infotech IPO GMP

Ahead of listing, the unlisted shares of ArMee Infotech were trading with less than 2% GMP over the IPO price. The maiden public issue of the company received a decent response from investors and was subscribed 2.44 times its offer size.

The Rs 300-crore ArMee Infotech IPO entirely comprised a fresh issue of 80 lakh equity shares, aggregating to Rs 300 crore, with no offer-for-sale component. The company has fixed the IPO price band at Rs 350 to Rs 375 per share, while the lot size is 40 shares.

Disclaimer: This article has been written by Debaroti Adhikary, who is not a SEBI-registered Research Analyst or an Investment Adviser. Debaroti Adhikary and his/her ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here.