Afcom Holdings IPO allotment status is now available. Allotment status has been made available on August 7, 2024 as per the timeline provided in the IPO’s red herring prospectus (RHP).
Afcom Holdings IPO closed with a strong subscription of 303.11 times while HNI subscription stood at MASSIVE 698.24 times. The stock will likely be listed on August 9, 2024, but all eyes are on the allotment. After the finalization of allotment, initiation of refunds is scheduled to occur on August 8, 2024, and shares are expected to be credited to successful investors’ demat accounts by August 8, 2024. Owing to strong positive sentiment in Afcom Holdings IPO GMP, the allotment is likely to be difficult with slim chances.
Here are some ways in which you can check Afcom Holdings IPO allotment status online.
#1 Registrar Website – Most effective way to check Afcom Holdings IPO Allotment Status
Once an IPO is closed for subscription, the ball moves in the court of the issuing registrar. In this case, the registrar is Link Intime so investors can simply head to its website, select Afcom Holdings from the dropdown menu, and enter ANY of the following details to check their allotment status:
- PAN
- IPO Application Number (CAF Number)
- Beneficiary ID (NSDL or CDSL Demat Account Number)
It should be noted that registrar websites are flooded on allotment days and might become very slow. As a result, it is worthwhile to keep your options open.
Check Afcom Holdings IPO Allotment Here
#2 Bank Account Debit/Removal of Lien
If your search hasn’t yielded results so far, you might want to check your bank account. Most banks have robust infrastructure and communicate balance to account holders in several ways including SMS so you might not as well need to log into net banking.
If the investor’s application has been successful, it is followed by a debit of the corresponding amount. The debit amount for the Afcom Holdings IPO is INR 1,29,600. If the application is unsuccessful, then the bank account will see the effective balance go up by this amount which was marked on hold for the application.
In case of successful allotment, the bank account balance goes down by the corresponding amount. It is important to note that IPO allotment and amount deduction from a bank account are two different events but in some cases, both happen almost concurrently.
#3 Credit of Shares in Demat Account
If everything else has failed, you can check your demat account for credit of shares. However, this approach is the slowest of all the methods. In many cases, shares may be credited on the day of listing as well, effectively taking away all the fun of allotment.
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Afcom Holdings IPO Allotment FAQs
When is the Afcom Holdings IPO allotment expected?
Afcom Holdings IPO allotment status will be available on August 7, 2024, as per the timeline provided in the red-herring prospectus (RHP).
When will Afcom Holdings IPO get listed?
The Afcom Holdings IPO is planned to list the shares on August 9, 2024, at BSE SME.
Where to check Afcom Holdings IPO allotment status?
Afcom Holdings IPO allotment status is expected on August 7, 2024. Click the green button on the Afcom Holdings IPO Allotment status above to check the allotment. Note the button remains disabled until the allotment is available online.
What is the lot size of Afcom Holdings IPO?
Afcom Holdings IPO lot size is 1,200 shares.
