scorecardresearchRadiant Cash Management Services IPO share allotment on December 30: How to check status

Radiant Cash Management Services IPO share allotment on December 30: How to check status

Updated: 28 Dec 2022, 11:41 AM IST
TL;DR.
  • Radiant Cash Management Services IPO was subscribed only 0.53 times or 53 percent. The retail investors did not show much interest.
Radiant Cash Management Services IPO: Those allotted will receive their shares in their demat accounts one day before the listing on January 3, 2023.

Radiant Cash Management Services IPO: Those allotted will receive their shares in their demat accounts one day before the listing on January 3, 2023.

The allotment of shares for Radiant Cash Management Services Ltd's initial public offering (IPO) is scheduled to take place on Friday, December 30.

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.

On the final day, Radiant Cash Management Services IPO was subscribed only 0.53 times or 53 percent. The retail investors did not show much interest while the qualified institutional buyers' (QIB) portion was oversubscribed and slightly more than half of the non-institutional investors' portion was subscribed.

The initiation of the refund process will start on Monday, January 2, 2023, for individuals not given shares.

Those allotted will receive their shares in their demat accounts one day before the listing, on January 3, 2023.

The shares of Radiant Cash Management Services will be listed on the bourses on January 4, 2023.

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.

Article
We explain here how to check IPO allotment status
First Published: 28 Dec 2022, 11:41 AM IST