The allotment of shares for Udayshivakumar Infra Ltd's initial public offering (IPO) is scheduled to take place on Tuesday, March 28.
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. MAS Services 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 20, closed on Thursday, March 23.
On Day 4 of subscription, the issue continued to see overwhelming response from non-institutional investors (NIIs) who subscribed to it 60.42 times followed by qualified institutional buyers (QIBs) who subscribed to the issue 40.47 times. Retail investors' portion was subscribed 14.10 times. The issue was subscribed 30.63 times on the final day.
The IPO of Udayshivakumar Infra was subscribed 58% on Day 1, and was subscribed 2.20 times on Day 2. The issue was subscribed 5.15 times on Day 3.
The initiation of the refund process will start on Wednesday, March 29, for individuals not given shares.
Those allotted will receive their shares in their demat accounts one day before the listing, on Friday, March 31.
The shares of Udayshivakumar Infra Ltd will be listed on the bourses on Monday, April 3.
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.
