Aeroflex Industries: How to Check Allotment Status in IPO Today

The allocation of shares in the Aeroflex Industries IPO may take place today. If you have applied for this IPO, here's how you can check your allotment status.

Highlights:

- The allocation of shares in the Aeroflex Industries IPO may take place today.

- Applicants can check their allotment status on the BSE (Bombay Stock Exchange) website or the registrar's website.

- We are explaining the process.

Mumbai: If you have applied for the Aeroflex Industries IPO, read this news carefully. The allocation of its shares is scheduled for Tuesday, August 29th. Investors will receive shares through a lottery, and the entire process will be overseen by the registrar. On the allocation date, investors will find out how many shares have been allocated to them in comparison to the bids they placed.

How to Check Allotment Status:

Applicants for the Aeroflex Industries IPO can check their allotment status on the Bombay Stock Exchange (BSE) website or the registrar's website. We are telling you how to check the allotment status on BSE.

Step 1: Visit the BSE website.

Step 2: Please select the issue name, which is the company's name in the dropdown menu.

Step 3: Enter the application number or PAN number to check the allotment status.

Listing Date for Shares:

The company's shares are expected to be listed on stock exchanges on August 31st. According to market sources, the price of Aeroflex Industries shares is currently trading at a premium of Rs. 70 in the unlisted market. If investors are allocated shares above the IPO price of Rs. 108, there is an expectation of a 65% premium at the time of listing.

Oversubscription at 97 Times:

The Aeroflex Industries IPO saw strong demand in various categories. This is why the issue was oversubscribed by a total of 97 times. Institutional buyers' category received the highest oversubscription of 194.7 times, followed by non-institutional investors at 126.10 times. Reserved shareholders' portion was oversubscribed by 28.51 times, while the retail portion was oversubscribed by 34.35 times."

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