Categories: Stock Markets

How To Check Allotment Status : Electronics Mart India IPO Link, Date, News 2022-23

The Electronics Mart India Ltd IPO subscription is open from 04 Oct’22 to 07 Oct’22, within which retail investors made their applications to invest in shares of the company. This IPO’s price band ranged between Rs. 56 to Rs. 59 per share. The minimum lot size for subscription in this IPO was 254 shares. 

Investors who have made an application for this IPO allotment can check their allotment status as per the steps and details given below.

What is IPO allotment?

As part of any IPO allotment process, the offer’s registrar allocates the company’s shares to bidders who have made an application for IPO subscription. In most large-cap IPOs, this process generally takes a week from the IPO release date. For small-cap IPOs, it may take longer, especially in case the IPO subscription does not reach the threshold requirement.

Read more: How is the IPO allotment done?

What is the process to check IPO application status?

IPO allotment status contains details, such as the total number of shares allotted to a bidder or investor. To check the status of the allotment, investors must wait until the IPO allotment date. The information is released to the public on the IPO registrar’s website post this date. IPO applicants or bidders can check their application status online through the BSE or NSE websites. An applicant can also check the status on the official registrar’s website. Investors or IPO subscription applicants can also know about the IPO allotment status through emails or SMS sent by BSE, NSE, CDSL, or NSDL.

Steps to check IPO allotment status on Fisdom app

On the Fisdom app an investor can check the allotment status of an IPO by going to his/her Order Book once the allotment process is complete.

Read more: How are listing gains on IPO taxed?

Steps to check IPO allotment status on the BSE website

Investors who have bid for the IPO can check the allotment status through the Bombay Stock Exchange (BSE) website by following the steps mentioned below:

  • Go to the BSE website – https://www.bseindia.com/investors/appli_check.aspx
  • Within the option of issue type, select ‘Equity’
  • In the ‘issue name’ section, choose the  Electronics Mart India Ltd IPO from the dropbox
  • Mention the application number
  • Provide PAN details
  • Select ‘I am not a Robot’ and click on submit to check the status

Steps to check IPO allotment status by visiting the Registrar of the issue

To check the  Electronics Mart India Ltd IPO allotment status at the issue registrar Kfin Technologies website, here are the steps that investors can follow:

  1. Visit the Kfin Technologies website at – https://kosmic.kfintech.com/ipostatus/
  2. Select the ‘ Electronics Mart India’ IPO
  3. Enter the application number
  4. Enter Captcha
  5. Click on ‘Submit’ to check the allotment status

Conclusion

With multiple IPOs being launched in India in the last few years, these tend to attract significant media attention and interest. Many IPOs see large-scale subscriptions from both retail investors and large institutional investors. The IPO allotment status is used by market experts as an indicator of the overall investor interest levels that the company has managed to attract in the market. Companies usually share IPO calendars to keep investors informed about the chronology of IPO events. Post the IPO allotment, the company’s shares are listed on the stock exchange for trading

FAQs

How much time does an IPO allotment process take?

IPO allotment generally takes 7 days from the IPO offer release date. This may take longer for small-cap IPOs since the subscription threshold limit may not necessarily be achieved within a short duration.

Where can I find a notification about the IPO allotment status?

IPO allotment status is generally updated on the IPO registrar’s website. Subscribers or bidders must provide their PAN number or IPO application number to check the allotment status. This information can also be found on the stock exchange websites. Allotment information is also sent to applicants via email or SMS notifications by BSE, NSE, NSDL or CDSL.

How to check if I have got IPO share allotment and if not, whether the amount is refunded?

If an investor is allotted IPO shares, he/she must receive a Confirmatory Allotment Note (CAN) within 15 days from the IPO issue closure as per SEBI guidelines. If not allotted shares, the refund has to be processed within 15 days from the issue closure date.

How are IPO shares allotted? Is IPO allotment on a first come first serve basis?

No, IPO allotment is not based on who applied first. It is allotted as per the response received from investors. If the IPO does not attract investor interest and remains under-subscribed, there are higher chances of allotment for those who apply. In case of oversubscription, the IPO allotment is calculated as per the number of shares available for retail investors divided by the minimum lot size.

Is IPO allotment guaranteed?

IPO share allotment is guaranteed since it depends on the level of subscription and investor interest received.

Sidharth Sanjeev

Recent Posts

Diwali Picks 2024

This Diwali, we present a portfolio that reflect both sector-specific and stock-specific opportunities. With 2…

2 weeks ago

Expert Recommended Stocks

Thank you for showing interest in taking a BTST position using our Delivery Plus product.…

4 months ago

Congratulations! Your 30-minute FREE session is confirmed.

Thank you for showing interest in the consultation on trading strategies!Our expert will reach out…

7 months ago

How to sell shares of unlisted companies?

Even if you are a new participant in the stock market, the process of buying…

1 year ago

Interest Coverage Ratio – Meaning, Types, Interpretation & Importance

A company’s debt position can be gauged using the interest coverage ratio or ICR. This…

1 year ago

Muhurat trading timings 2023-24: Indian stock exchanges

Muhurat Trading, a cherished tradition in the Indian stock market, takes place on Diwali, the…

1 year ago