Investor enthusiasm was significant for the Virtual Galaxy Infotech IPO, which closed on May 14th. Notably, its grey market premium (GMP) exceeded ₹80, fueling expectations of substantial returns upon listing. The allotment status was released on May 15th. This article explains how to check your allotment status.
New Delhi: The Virtual Galaxy Infotech IPO proved highly popular among investors, viewed as a lucrative investment opportunity. This IPO falls under the SME category. Subscription closed on Wednesday, May 14th, with allotments finalized on May 15th.
Based on the IPO's grey market premium (GMP), the stock's listing on the NSE on May 19th could reach ₹225, compared to its price band of ₹135 to ₹142. The IPO lot size is 1000 shares, requiring a minimum investment of ₹1,35,000. Investors eagerly await the listing to realize potential profits.
Subscription Participation:
According to the National Stock Exchange (NSE) website, a total of 1,71,904 applications were received by 2:30 PM on May 14th, demanding 37,21,78,000 shares. To check your allotment status, follow these simple steps.
Step-by-Step Allotment Status Check:
Step 1: Visit the official website of Masheetla Securities Private Limited.
Step 2: Select the company name from the available options.
Step 3: Enter your PAN number and demat account number or application number, then submit.
Step 4: Your allotment status will be displayed on the screen.
Alternatively, check via the NSE website:
Access the NSE website and select the ‘Equity & SME IPO Bid Details’ section.
Select the company name.
Enter your PAN number and application number, then submit.
Your allotment status will be displayed.
Company Profile:
Virtual Galaxy Infotech is a software services company providing customized software solutions to various sectors, including core banking, BFSI (Banking, Financial Services, and Insurance), ERP solutions, IT services, and e-governance. The company's primary focus is delivering technical support and digital solutions to diverse industries.
