If you have placed a bid for the Advance Agrolife, which opened on September 30 and closed on October 03, your wait is over. The allotment of shares will be finalised on October 06, while the listing is scheduled for October 08. The bidding price for the IPO was set at Rs 95-Rs 100 per equity share.
Here’s a quick and easy guide to check your IPO allotment status online.
How to check IPO allotment status
Via BSE Website
Go to the BSE IPO allotment status page.
Select ‘Equity’ as the issue type.
From the dropdown, choose Advance Agrolife.
Enter your application number or PAN.
Complete the captcha by ticking ‘I’m not a robot’ and click on Search.
Via NSE Website
Visit the NSE IPO application tracking page.
Then, click on ‘Equity and SME IPO Bid Details’.
Select ‘Advance Agrolife’ from the list.
Provide the details such as your application number and PAN.
Submit to view your allotment status.
Via the Registrar’s Website
Go to the official site of the registrar, MUFG Intime India Pvt. Ltd. (Link Intime).
Select ‘Advance Agrolife’ from the dropdown.
Choose any of the following: PAN, Application Number, DP ID/Client ID, or Bank Account Number.
Fill in the necessary details and press Search to check your status.
Subscription snapshot
The Advance Agrolife IPO saw a strong response from investors. By the end of the bidding window, the overall subscription stood at 56.90 times.
Qualified Institutional Buyers (QIBs): 27.31 times
Non-Institutional Investors (NIIs): 175.30 times
Retail Investors: 23.14 times
Employee category: 38.42 times
Grey Market
The grey market premium (GMP) for Advance Agrolife is currently around 20%, suggesting a likely listing price of Rs 120. This translates to a potential gain of around Rs 3,000 on a single lot. However, GMP is unofficial and may not always reflect actual listing performance.
IPO details
The issue is being managed by Choice Capital Advisors, while MUFG Intime India Pvt. Ltd. (Link Intime) is acting as the registrar. Once the allotment process is completed, the shares are scheduled to be listed on NSE and BSE on October 08.