scorecardresearchSah Polymers IPO share allotment on January 9: How to check status

Sah Polymers IPO share allotment on January 9: How to check status

Updated: 05 Jan 2023, 01:23 PM IST
TL;DR.
  • The IPO of Sah Polymers was subscribed over 17 times on the final or fourth day, driven by strong response from retail investors and non-institutional investors (NIIs).
 Sah Polymers IPO: Those allotted will receive their shares in their demat accounts one day before the listing, on Wednesday, January 11.

Sah Polymers IPO: Those allotted will receive their shares in their demat accounts one day before the listing, on Wednesday, January 11.

The allotment of shares for Sah Polymers Ltd's initial public offering (IPO) is scheduled to take place on Monday, January 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 IPO of Sah Polymers was subscribed 17.46 times on the final or fourth day, driven by strong response from retail investors and non-institutional investors (NIIs).

The public issue that opened for subscription on Friday, December 30, 2022 closed on Wednesday, January 4, 2023. The public issue was subscribed 86 percent on Day 1 while on Day 2, the issue was subscribed 2.37 times, and on Day 3, the issue was subscribed 5.35 times.

The initiation of the refund process will start on Tuesday, January 10, for individuals not given shares.

Those allotted will receive their shares in their demat accounts one day before the listing, on Wednesday, January 11.

The shares of Sah Polymers will be listed on the bourses on Thursday, January 12.

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: 05 Jan 2023, 01:23 PM IST