ACT Energies IPO Allotment Status: Check Latest GMP, Steps to Verify Status

The bidding for ACT Energies System Ltd IPO started on March 25, 2025, and concluded on March 27, 2025. The basis of allotment will be finalised today, March 28, 2025. Know the procedure to check the allotment status on NSE’s website. 

Steps to Check ACT Energies IPO Allotment Status Online On NSE

• Head to the NSE’s IPO allotment verification status page here. 
• Select “Equity & SME IPO bid details.”
• In Select Symbol, select “ACT Energies”
• Enter your PAN No. and application No.
• Click “Submit.”

 IPO Details

ACT Energies Systems Ltd launched its IPO on March 25, 2025 with a total issue size of ₹63.76 crores. The IPO price band is fixed between ₹112-₹118 per share. Investors can apply with a minimum lot size of 1200, requiring a minimum investment of ₹1,34,400. The shares are expected to be listed on NSE with a tentative listing date of  Wednesday, April 2, 2025. The basis of allotment will be finalised on March 28, 2025, followed by the initiation of refunds on April 1, 2025.

Indorient Financial Services Ltd is the book-running lead manager, and Alacrity Securities Ltd. is the market maker for the issue. Kfin Technologies Limited is the registrar.

Utilization of Proceeds

The company will utilise the net proceeds from the issue towards the following objects:

• Repayment and/or pre-payment, in full, the borrowing availed by the Company with respect to purchase of the Noida factory.
• Funding the capital expenditure requirements towards refurbishment, civil and upgradation works at the Noida factory.
• Funding the capital expenditure requirement towards IT upgradation at the Noida factory and Vasai factory and the registered office.
• Funding working capital requirements of the Company.
• General Corporate Purpose.

Overall Subscription Status 

(March 27, 2025, end of the day)

ATC Energies IPO was subscribed 1.61 times on the third day, according to NSE data. Of these, 

• Retail investors subscribed 2.49 times, 
• Non-institutional investors (NII) subscribed 0.81 times, 
• Qualified Institutional Buyers (QIBs) subscribed 1.38 times.

GMP (Grey Market Premium) Details

According to Livemint, as of March 28, 2025, 8:30 AM, the Grey Market Premium (GMP) for ACT Energies stood at ₹4. If the current GMP trends continues, the shares are expected to be listed at ₹122, which is 3.39% higher than the upper price band of the issue.

Note: The Grey Market Premium (GMP) is not an official price and is based on market speculation.

Source: Livemint Media Report dated March 28, 2025

Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market.

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