The allotment of shares for Divgi TorqTransfer Systems Ltd's initial public offering (IPO) is scheduled to take place on Thursday, March 9.
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 Wednesday, March 1, closed on Friday, March 3. On the final day, the IPO of Divgi TorqTransfer Systems Ltd received fantastic response from qualified institutional buyers (QIBs), retail investors, and non-institutional investors. The issue was subscribed by 5.44 times on Day 3.
The public issue was subscribed 12 percent on Day 1 while on Day 2, the issue was subscribed 38 percent.
The initiation of the refund process will start on Friday, March 10, for individuals not given shares.
Those allotted will receive their shares in their demat accounts one day before the listing, on Monday, March 13.
The shares of Divgi TorqTransfer Systems will be listed on the bourses on Tuesday, March 14.
Here's 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.
Here's 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.
