Recent oversubscribed IPOs like Northern Arc, Arkade Developers, and Western Carriers have captured attention with impressive subscription numbers. Northern Arc saw 111x subscriptions, Arkade followed closely at 107x, and Western Carriers achieved 31x.
With such a demand, many wonder whether they secured an allotment. If you are one among them, here’s a look at the process for tracking allotment status and what it could mean for your investment.
Northern Arc Capital Ltd IPO
The Initial Public Offering (IPO) of Northern Arc Capital Ltd. drew quite an investor interest. The issue was oversubscribed by a staggering 110.9 times, with Qualified Institutional Buyers (QIBs) leading the demand. The IPO received bids for 2,38,22,43,807 shares against 2,14,78,290 shares on offer.
Category-wise Subscription
| Qualified institutional buyers | 240.79 times |
| Non-institutional investors | 142.41 times |
| Retail investors | 31.08 times |
| Employees | 7.33 times |
IPO Performance:
The company had set a price band of ₹249-263 per share for the IPO. Northern Arc Capital’s IPO received strong investor interest throughout the subscription period. On the first day, Monday, it was subscribed 3.08 times. This momentum continued, with subscription levels rising to 10.61 times on Tuesday and 21.51 times on Wednesday. By Thursday, the issue was oversubscribed 110.9 times.
IPO Details:
The company aims to raise up to ₹776 crore from the offering, comprising a fresh issue of equity shares worth ₹500 crore and an offer for sale of ₹275 crore. The allotment for the IPO will be finalized on September 20, and the company is scheduled to list on the BSE and NSE on September 24.
Investors who participated in the IPO can check their allotment status on the BSE and the official registrar of the IPO, KFin Technologies’ websites.
Grey Market Premium:
As of September 20, 2024, the grey market premium (GMP) for Northern Arc Capital stands at ₹128. This indicates that investors are willing to pay ₹128 more than the IPO price to acquire shares in the secondary market. Based on the GMP, the estimated listing price for Northern Arc Capital is ₹391 per share. This suggests a potential gain of 48.67% over the IPO price band of ₹249-263 per share. Remember, the GMP is not an official price quote and is based on speculation in the grey market. The actual listing price may vary.
How to Check Your Northern Arc Capital IPO Allotment on KFin Technologies
To check your allotment status for the Northern Arc Capital IPO on KFin Technologies, follow these steps:
- Visit the KFin Technologies website.
- Select the IPO Allotment Status link.
- Choose “Northern Arc Capital Limited” from the dropdown list of IPOs.
- Select your verification method: Choose either your Application Number, Demat Account number, or PAN.
- Enter the required information: Input your chosen verification detail.
- Complete the CAPTCHA: Verify that you’re not a robot.
- Submit: Click the “Submit” button to view your allotment status.
Arkade Developers IPO
The Initial Public Offering (IPO) of Arkade Developers Ltd. has been a resounding success, drawing interest from investors. The issue was oversubscribed 106.83 times, with both institutional and non-institutional buyers eagerly participating. The IPO received bids for 2,54,00,26,280 shares against 2,37,75,719 shares on offer.
Category-wise Subscription
| Qualified institutional buyers | 163.16 times |
| Non-institutional investors | 163 times |
| Retail investors | 51.39 times |
| Employees | 50.49 times |
IPO Performance:
Arkade Developers’ IPO received strong investor interest throughout the subscription period. On the first day, Monday, it was subscribed 6.31 times. This momentum continued, with subscription levels rising to 17.41 times on Tuesday and 31.73 times on Wednesday. By Thursday, the issue was oversubscribed 106.83 times.
IPO Details:
The company aims to raise ₹410 crore through a fresh issue of 3.2 crore equity shares. The allotment for the IPO will be finalized on September 20, and the company is scheduled to list on the BSE and NSE on September 24.
Investors who applied for the IPO can check their allotment status on the websites of the Bombay Stock Exchange (BSE) and Big Share Services Ltd.
Grey Market Premium:
The grey market premium (GMP) for Arkade Developers stood at ₹60 on September 20, 2024. Based on the GMP, the estimated listing price for Arkade Developers shares was ₹188 per share. This suggests a potential gain of 46.88% compared to the IPO price band of ₹121-128 per share. It’s important to note that the GMP is not an official price quote and is based on speculation among investors. The actual listing price may vary.
How to Check Your Arkade Developers IPO Allotment on Bigshare Services
To view your allotment status for the Arkade Developers IPO on Bigshare Services, follow these steps:
- Visit the Bigshare Services website.
- Select a server link to access the IPO allotment status page.
- Choose “Arkade Developers Limited” from the dropdown list of IPOs.
- Select your verification method: Choose either your Application Number/CAF No., Beneficiary ID, or PAN.
- Enter the required information: Input the corresponding details.
- Complete the CAPTCHA: Verify that you’re not a robot.
- Submit: Click the “Search” button to check your allotment status.
Western Carriers IPO
The Initial Public Offering (IPO) of Western Carriers Ltd. has garnered significant attention from investors. The issue was oversubscribed 30.57 times, with strong demand from Non-Institutional Buyers (NIBs). The IPO received bids for 1,22,28,96,828 shares against 4,00,00,000 shares on offer.
Category-wise Subscription
| Institutional Investors | 27.99 times |
| Non-institutional investors | 44.71 times |
| Retail investors | 25.95 times |
IPO Performance:
The Initial Public Offering (IPO) of Western Carriers Ltd. received a strong response from investors. The four-day subscription period witnessed increasing interest, with the issue being subscribed 14.58 times on Wednesday. This momentum built on earlier days, with subscription levels reaching 9.87 times on Tuesday, 5.13 times on Monday, and 0.85 times on the first day.
IPO Details:
Western Carriers aims to raise up to ₹492.9 crore through the IPO. This includes a fresh issue of equity shares worth ₹400 crore and an offer for sale of ₹92.9 crore. The allotment for the Western Carriers IPO will be finalized on September 20. The company is scheduled to list on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on September 24.
Investors who participated in the IPO can check their allotment status on the BSE and the official registrar of the IPO – Link Intime India Ltd.
Grey Market Premium:
As of 6:04 a.m. on September 20, Western Carriers Limited’s grey market premium (GMP) stood at ₹20, indicating a potential 11.63% gain over the IPO price, according to Investorgain by Chittorgarh. This suggests an estimated listing price of ₹192 per share.
It’s important to note that the GMP is speculative and not an official stock price. The IPO price band has been set between ₹163 and ₹172 per share, with the issue closing on September 19. At the upper end of this range, the company’s valuation reaches ₹1,754 crore, with the listing anticipated on September 23.
How to Check Your Western Carriers IPO Allotment on Link Intime India
To view your allotment status for the Western Carriers IPO on Link Intime India, follow these steps:
- Visit the Link Intime India website.
- Select “Western Carriers Limited” from the list of IPOs.
- Choose your verification method: Select either your Application Number, DP/Client ID, Account Number, or PAN.
- Enter the required information: Input the corresponding details.
- Submit: Click the “Submit” button to check your allotment status.
Alternatively, you can also check the allotment status on Bombay Stock Exchange (BSE)
How to Check Any IPO Allotment on BSE
To view your allotment status for an IPO on the BSE website, follow these steps:
- Visit the BSE IPO allotment page.
- Select “Equity” as the issue type.
- Choose the IPO name from the dropdown menu.
- Enter your Application number or PAN.
- Complete the CAPTCHA.
- Click “Search”.
- View and download/print your allotment status.
Conclusion:
The recent IPOs of Northern Arc, Arkade, and Western Carriers have generated significant investor interest. Investors can check their allotment status on the respective company websites. While the strong subscription levels and positive market sentiment suggest potential gains, it’s important to remember that past performance doesn’t guarantee future results.
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IPO | Current IPO | Upcoming IPO | Listed IPO
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I’m Archana R. Chettiar, an experienced content creator with
an affinity for writing on personal finance and other financial content. I
love to write on equity investing, retirement, managing money, and more.
