The allotment of shares for Global Surfaces Ltd's initial public offering (IPO) is scheduled to take place on Monday, March 20.
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. Bigshare Services 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, March 13, closed on Wednesday, March 15.
On Day 3 of subscription, the public issue received fantastic response from non-institutional investors. The qualified institutional buyers' (QIBs) portion picked up response on the final day, and retail investors' portion continued to follow the positive trend. The issue was subscribed 12.21 times.
The initiation of the refund process will start on Tuesday, March 21, for individuals not given shares.
Those allotted will receive their shares in their demat accounts one day before the listing, on Wednesday, March 22.
The shares of Global Surfaces Ltd will be listed on the bourses on Thursday, March 23.
How to check IPO allotment status via NSE:
Visit www.nseindia.com, the NSE's official website.
Go to the 'invest' section on the main page, and click on 'check trade/bids'.
By selecting the 'Click here to sign up' option on the NSE website, one must register with PAN.
Enter user name, password, and captcha code.
Check IPO allotment status on the new page that will open.
How to check IPO allotment status via BSE:
Visit BSE's official website - www.bseindia.com.
In the menu bar, select 'Investors', and a new page will load.
Next, move the pointer to the menu's 'Investor Services' section and choose 'Status of issue application'.
Under 'Issue Type', select 'Equity'.
Choose the IPO from the drop-down option under 'Issue Name'.
Enter PAN or application number.
Click 'I am not a Robot' to confirm your identity, then click the 'Submit' button.