The allotment of shares for Avalon Technologies Ltd's initial public offering (IPO) is scheduled to take place on Wednesday, April 12.
Investors who have subscribed to the issue can check the allotment status by entering their PAN or IPO allocation number on the website of the registrar. Link Intime India Private Ltd is the registrar to the offer. The registrar's website also publishes the 'basis of allotment document'.
The total number of shares allotted to an investor in an issue can be found in the 'IPO allotment status'. The third-party website also allows investors to verify the status.
The public issue that opened for subscription on Monday, April 3, closed on Thursday, April 6.
On Day 3 of the subscription, the issue saw some positive response from qualified institutional buyers (QIBs) who subscribed to the issue 3.57 times. Retail investors subscribed to 84% of the portion reserved and non-institutional bidders subscribed to 41% of the portion set aside. The issue was subscribed 2.21 times on the final day.
On Day 2, the IPO was subscribed by 9% and on Day 1 the IPO saw muted response and only 3% of the issue was subscribed.
The initiation of the refund process will start on Thursday, April 13, for individuals not given shares.
Those allotted will receive their shares in their demat accounts one day before the listing, on Monday, April 17.
The shares of Avalon Technologies Ltd will be listed on the bourses on Tuesday, April 18.
How to check IPO allotment status via NSE
Step 1
Visit www.nseindia.com, the NSE's official website.
Step 2
Go to the 'invest' section on the main page, and click on 'check trade/bids'.
Step 3
By selecting the 'Click here to sign up' option on the NSE website, one must register with PAN.
Step 4
Enter user name, password, and captcha code.
Step 5
Check IPO allotment status on the new page that will open.
How to check IPO allotment status via BSE
Step 1
Visit BSE's official website - www.bseindia.com.
Step 2
In the menu bar, select 'Investors', and a new page will load.
Step 3
Next, move the pointer to the menu's 'Investor Services' section and choose 'Status of issue application'.
Step 4
Under 'Issue Type', select 'Equity'.
Step 5
Choose the IPO from the drop-down option under 'Issue Name'.
Step 6
Enter PAN or application number.
Step 7
Click 'I am not a Robot' to confirm your identity, then click the 'Submit' button.
