Ganesh Infraworld IPO Allotment – Over INR 36,468 Cr Subscribed for INR 98.59 Cr Offering!

Ganesh Infraworld IPO GMP

Ganesh Infraworld IPO Subscription

Ganesh Infraworld IPO allotment status is now available. Allotment status has been made available on December 4, 2024, as per the timeline provided in the IPO’s red herring prospectus (RHP).

The Ganesh Infraworld IPO closed with an exceptional subscription rate of over 369.71 times, underscoring strong investor enthusiasm. The HNI category saw an even more impressive subscription of 866.56 times. As the stock is set to be listed on December 6, 2024, all eyes are now on the allotment process. Following the finalization of allotments, refunds are scheduled to begin on December 5, 2024, with shares expected to be credited to successful investors’ demat accounts on the same day. However, given the robust positive sentiment reflected in the IPO’s GMP, the allotment process is likely to be highly competitive, leaving many investors with slim chances of securing shares.

Here are some ways in which you can check Ganesh Infraworld IPO allotment status online.

#1 Registrar Website – Most effective way to check Ganesh Infraworld 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 Satellite Corporate Services so investors can simply head to its website, select Ganesh Infraworld 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.

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#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 Ganesh Infraworld IPO is INR 1,32,800. 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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Ganesh Infraworld IPO Allotment FAQs