The allotment of shares for the initial public offerings (IPOs) of KFin Technologies Ltd will take place next week on Monday, December 26. The subscription of the IPO closed this week on December 21.
The IPO issue that opened on December 19 was subscribed 2.59 times on the final day on the back of strong response from qualified institutional buyers and retail investors.
The issue was subscribed 55 percent on the first day, and 70 percent on the second day.
The company intends to raise 1,500 crore rupees through the issue that is entirely an offer for sale.
The issue is priced at 347 to 366 rupees per share, and the minimum order quantity is 40 shares.
The tentative date of the company's listing is December 29, and the shares are proposed to be listed on BSE and NSE.
Investors who have subscribed to the issue can check the allotment status on the registrar's website, which also publishes the 'basis of allotment document'. In order to check the status of their share allocation, investors must enter their PAN or IPO allocation number. The IPO allotment procedure is managed by the IPO registrar.
Basically, information about the number of shares allotted to an investor in an issue can be found in the 'IPO allotment status'.
The initiation of the refund process will start on Tuesday, December 27, for individuals not given shares.
Those allotted will receive their shares in their demat accounts on the day of listing.
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.
