The financial markets are abuzz as Integrity Infrabuild Developers, one of India’s fastest-growing infrastructure firms, completes its highly anticipated ₹550 crore IPO. Thousands of retail and institutional investors who applied during the subscription period now anxiously await the share allotment results, with the grey market already signaling strong demand at a premium. This comprehensive guide walks you through every step of checking your allotment status online, explains what the current grey market premium (GMP) suggests about listing day performance, and outlines the critical dates every investor should mark on their calendar.
Whether you’re a first-time IPO participant or a seasoned market player, understanding these post-application processes could mean the difference between capitalizing on a potential multibagger or missing a crucial window in India’s booming infrastructure sector. We’ll also analyze what brokerages are saying about the company’s growth prospects and how the allotment process actually works behind the scenes at the registrar’s office.
Table of Contents
Integrity Infrabuild Developers Allotment Process: What Happens Behind the Scenes
As the registrar, Link Intime India, works through the mountain of applications, a complex computerized lottery system determines which investors receive shares in this oversubscribed IPO. The system first segregates applications by investor category (QIB, NII, Retail), then uses a randomized algorithm to select successful bidders within each group. For Integrity Infrabuild’s offering, which saw the retail portion oversubscribed 18.7 times, this means only about 1 in 19 retail applicants will receive the full allotment they requested.
Those who do get shares will see them credited directly to their demat accounts, while unsuccessful applicants will have their blocked funds released by their banks. The entire process follows SEBI’s strict guidelines to ensure transparency, with audit trails maintained at every step. Market sources suggest the allotment could be finalized earlier than the scheduled date given the registrar’s current processing speed, though official announcements will come through the BSE and NSE websites first.
Checking Your Allotment Status: A Step-by-Step Guide
Once the allotment is finalized (expected by May 23), investors can check their status through multiple official channels. The most straightforward method is visiting the registrar Link Intime’s website and entering your PAN number, application number, or DP ID. Alternatively, you can check through the NSE or BSE websites by selecting “Integrity Infrabuild Developers” from the IPO dropdown menu and inputting your application details. For those who applied through online platforms like Zerodha or Groww, the status will automatically reflect in your portfolio section once the shares are credited.
It’s crucial to verify your bank account and demat details are correctly linked during this process to avoid any crediting delays. Successful applicants should see the shares in their demat accounts by May 25, while refunds for unsuccessful bids typically take 2-3 working days to process depending on your bank.
Grey Market Signals: What the Current Premium Reveals
In the unofficial grey market, Integrity Infrabuild shares are currently commanding a premium of ₹18-22, suggesting a potential 15-18% listing pop over the IPO price band of ₹122-128. This GMP has held steady despite recent market volatility, indicating strong institutional interest and retail demand. Grey market veterans note that while the current premium points to a healthy debut, investors should temper expectations given the infrastructure sector’s sensitivity to interest rate changes.
The company’s order book of ₹2,850 crore and 27% CAGR revenue growth over the past three years appear to be driving this optimism. However, analysts caution that grey market activity often represents short-term speculative interest rather than fundamental valuation, advising investors to focus on the company’s long-term prospects in India’s infrastructure boom.
Critical Dates & Next Steps for Investors
| Event | Date | Significance |
|---|---|---|
| IPO Closing Date | May 17 | Last day to apply |
| Basis of Allotment | May 23 | Who gets shares |
| Refund Initiation | May 24 | Unsuccessful bids |
| Credit to Demat | May 25 | Shares appear |
| Listing Date | May 27 | Trading begins |
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FAQs
Q: What should I do if I don’t receive my allotment confirmation?
A: First verify your application was successfully submitted, then wait until the official allotment date before contacting the registrar with your application details.
Q: How is the grey market premium (GMP) calculated?
A: GMP reflects the premium buyers are willing to pay over the IPO price in unofficial pre-listing trading, indicating expected listing gains.
