Afcons Infrastructure IPO Allotment Announced: Check Status in 6 Easy Steps

The allotment of shares for Afcons Infrastructure’s IPO has been finalized today, Thursday, October 31. Investors who participated in this IPO, which opened for subscription on October 25 and closed on October 29, can now check the allotment status on the registrar portal, Link Intime India. The IPO had seen good participation, ending with a total subscription rate of 2.63 times, according to BSE data.

For retail investors, the subscription was about 94%, while non-institutional investors (NIIs) subscribed at 5.05 times. The allocation for qualified institutional buyers (QIBs) reached 3.79 times, and the employee segment’s subscription rate was 1.67 times. The IPO faced some challenges at the beginning, with a 10% subscription on the first day and 36% by the end of the second. By the close, Afcons Infrastructure had successfully raised ₹1,621 crore from anchor investors.

For those who applied, checking the allotment status can confirm the number of shares allocated. Here are the steps for checking your status online:

How to Check Afcons Infrastructure IPO Allotment Status in 6 Steps

1. Visit the Link Intime India Website: Go to the official IPO registrar’s website, Link Intime India.
2. Select the IPO: From the drop-down menu, select “Afcons Infrastructure IPO.”
3. Choose Your Search Criteria: You can check your status using either the PAN number, application number, or DP Client ID.
4. Enter Details: Based on the criteria selected, enter your PAN, application number, or DP Client ID.
5. Captcha Verification: Complete the CAPTCHA verification to confirm you’re not a robot.
6. Submit and Check Allotment Status: Click “submit” to view your IPO allotment status and see the number of shares allotted.

If your shares are allotted, they will be credited to your demat account. In case of no allotment, the funds will be refunded according to the IPO guidelines.

The IPO allocation basis is a helpful tool to see the quantity of shares each applicant has received. If no shares are allotted, investors should check for the refund initiation, as the funds will be returned if the application is unsuccessful.