Why ULIP mis-selling has become rampant ?

GR Infraprojects will finalise its IPO share allotment on Wednesday. Earlier, the initial public offer of the company was subscribed 102.58 times on July 9. The public offer received bids for 83,33,04,538 shares against 81,23,594 shares on offer. The company had fixed a price band of Rs Rs 828-837 per share. The quota reserve for qualified institutional buyers was subscribed 168.58 times, non-institutional investors 238.04 times and those meant for retail individual investors (RIIs) 12.57 times.

Udaipur-based GR Infraprojects is a leading integrated road engineering, procurement, and construction (EPC) company with experience in the design and construction of various road and highway projects across 15 states in India. It has recently diversified into projects in the railway sector.

Shares of the company are proposed to be listed on BSE and NSE. HDFC Bank, ICICI Securities, Kotak Mahindra Capital Company, Motilal Oswal Investment Advisors, SBI Capital Markets, and Equirus Capital were the managers of the offer.

Market participants are now looking forward to the share allotment status. Investors can check their allotment status by using any one of the below two methods:

Check IPO allotment on registrar’s website

Go to the website of the IPO registrar, KFintech or click on https://ris.kfintech.com/ipostatus/ipos.aspx

Thereafter you need to select GR Infraprojects Limited in the drop-down menu

Then enter either application number or DPID/ Client ID or Permanent Account Number and enter the captcha code and click on submit to view your share allotment status.

Check IPO allotment through the BSE website

Go to BSEIndia.com or click

Click on investors > Status of Issue Application > Application Status Check or (visit the link: https://www.bseindia.com/investors/appli_check.aspx)

Select issue type (equity) and Issue Name (GR Infraprojects).

Enter the application number and PAN Number.

Click on the search button to know the IPO allotment status.