Highway Infrastructure IPO Allotment Status Update
Hello everyone! This article provides the latest updates regarding the Highway Infrastructure IPO allotment status. We will delve into what information is available, when you can expect to see your allotment status on the registrar’s site, and other crucial details. For daily IPO Grey Market Premium (GMP) updates, consider subscribing, and join our Telegram group via the link in the comments for timely information.
Understanding Your Application: Cut-off Price is Key
If you applied for the Highway Infrastructure IPO on August 5th, 6th, or 7th, it’s important to understand the application details. For those who applied for more than 5 lakh lots at the lower price band, their chances of allotment were eliminated even before the status was released. This is because participation in the allotment system requires applying at the cut-off price. Only those who selected 211 equity shares at the ₹70 cut-off price are likely to receive an allotment in this IPO. It is always recommended to apply at the cut-off price, as this generally increases your chances of allotment after oversubscription.
Allotment Status: When to Expect Updates
As per SEBI guidelines, the allotment status for this IPO should have been updated on the registrar’s site by August 8th, ideally by 7 PM. However, the status has not yet become visible. You can expect messages related to debit, credit, or revocation to start appearing within the next hour. While the registrar’s site has not yet shown the allotment status, it could potentially become visible between 10 and 12. We will keep you updated on our Telegram group as soon as the status is live.
Chances of Allotment by Investor Category
Based on the subscription data, here are the approximate chances of allotment across different investor categories:
- Small HNI: Approximately 1 out of every 424 applications.
- Big HNI: Approximately 1 out of every 96 applications.
- Retail Investors: Approximately 1 out of every 120 applications.
Step-by-Step Guide to Checking Your Allotment Status
To directly visit the company’s registrar site, join our Telegram group. A link will be shared there as soon as the allotment is out. Once you click the link and visit the site, follow these steps:
- Scroll down the page.
- Look for and select “Highway Infrastructure Limited” from the list of company names.
- Choose the “PAN Number” option.
- Enter your PAN number.
- Enter the Captcha code.
- Click on the “Search” bar to view your allotment status.
Interpreting Your Bank Messages
Your bank messages can give you an early indication of your allotment status:
- Debit Message of ₹14,770: If you receive a debit message for ₹14,770, it indicates that you have received an allotment.
- Credit or Revocation Message of ₹14,770: If you receive a credit or revocation message for ₹14,770, it means you have not received an allotment in this IPO.
- No Message: If you haven’t received any message, you should wait and watch for the update on the registrar’s site.
Highway Infrastructure IPO Grey Market Premium (GMP) Latest
Many IPOs are currently seeing a decline in their Grey Market Premium, but the Highway Infrastructure IPO’s GMP remains stable. It is currently trading at approximately ₹36. This suggests a potential listing gain of around 51%. Based on today’s Grey Market Premium, this IPO could provide listing returns of approximately ₹7600 in the coming time. Any changes in the overall GMP will be updated promptly.
Stay Updated for Further Information
Any further updates regarding GMP changes or the precise timing of the allotment status on the registrar’s site will be shared promptly. Stay connected to receive timely information. If you have any further doubts or queries, feel free to ask in the comments section.
