What is IPO
IPO or initial public offering is the process through which private organizations make the shares of their company available to the general public so that they can be bought. The IPO
applications are available at banks or online so that the interested applicants can bid.
Let’s take a look at the allotment process and how you can check the IPO allotment status.
First and foremost, the most important thing before you go and subscribe to an IPO is the things mentioned below.
- You need to have a Demat account, and this is necessary for buyingshares
- A trading account is necessary if you want to sellshares
- Amount in your Demat account that is corresponding to yourbid
If the basics as mentioned above necessities are in place, you can start by initiating the application.
The application process for IPO is pretty easy and straightforward and can be done by following these steps.
- Sign up and fill anapplication
The process of signing up can be done offline or online. But make sure before doing that your account has an ample amount of funds so that you can place a bid.
Blocked amount facility is a compulsion for IPO, so if you don’t have enough funds, your BIDS will not be considered.
2. Wait for theallotment.
The process of allotment happens behind the doors, and the number of the allotment varies from the bids and the validity of the bids that have been submitted. Keep in mind that not all
the applicants will receive what they have requested since the demand can outstrip the supply by a huge margin. This will be valid for the current ipo as well as the upcoming ipo.
3. Approvals
The registrar of the ipo will finish the IPO and confirm the allotment to the bidders in seven days.
How can you check your IPO Allotment Status Online
The allotment status can be checked through the registrar’s website or can be checked through the website of NSE or BSE. You will need your PAN details, your DPID/client ID number, or the
bid application number for checking your IPO allotment status. Your IPO allotment status can be checked through the combination of all three too.
What is an IPO allotment date?
An IPO allotment date is when the allotment of the IPO is disclosed to the b\public, and the
details regarding the same can be found on the registrant’s website. It will also show the owners of the stock.
What is the listing date of an IPO?
The listing date of an IPO is the day the IPO goes and hits the stock exchanges for the very first time. This is also when the stock trading process begins.
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