The prospectus of the IPO includes various key details of the IPO like the IPO size, important IPO dates, IPO category investors, etc. Allotment date is an important part of these details. Given below is the meaning of this term and its significance in an IPO.
The term allotment date refers to the date on which the allotment status of an IPO is declared by the registrar of such IPO. This date is determined to be 7 days after the opening of the IPO. This date is to be declared at the time of the launch of the IPO along with the detailed schedule of refund date, share credit date, refund date ad listing date.
