International Gemmological IPO Allotment Status

International Gemmological IPO Allotment Status

The International Gemmological IPO has generated significant interest among investors, and checking the allotment status is a crucial step for those who participated in the public offering. Investors eagerly await the results to know whether they have been allotted shares of this highly anticipated IPO. Here’s a detailed guide to understanding and checking the allotment status of the International Gemmological IPO.

1. Overview of the International Gemmological IPO

The International Gemmological IPO was launched with the aim of raising funds for business expansion, debt reduction, and other corporate purposes. The IPO offered equity shares to retail investors, non-institutional investors, and qualified institutional buyers.

Key Details

Issue Price: The price range for the IPO was determined based on a book-building process.
Lot Size: Investors could apply for shares in multiples of the lot size specified by the company.
Issue Dates: The IPO was open for subscription for a specific period, typically three to five days.

2. Allotment Process

The allotment of shares in an IPO is conducted by the registrar, a financial institution responsible for overseeing the IPO process.

Basis of Allotment

Retail Investors: A minimum number of shares are reserved for retail investors, typically 35% of the total issue size.
Proportional Allotment: In case of oversubscription, shares are allotted proportionally or through a lottery system for retail investors.
Refunds: Investors who do not receive an allotment are refunded the application amount to their bank accounts.

3. Steps to Check Allotment Status

1. Via the Registrar’s Website

Visit the official website of the IPO registrar.
Navigate to the “IPO Allotment Status” section.
Select the International Gemmological IPO from the dropdown menu.
Enter details such as PAN, application number, or DP/Client ID.
Submit to view the allotment status.

2. Via Stock Exchange Websites

Go to the official website of the BSE or NSE.
Look for the “IPO Allotment Status” section.
Enter relevant details like PAN or application number.
Check the allotment status.

3. Via Email or SMS Notifications

Investors often receive notifications regarding allotment status through email or SMS from the registrar or broker.

4. Through Your Broker

4. Actions Post-Allotment

1. For Successful Allottees

Verify the credited shares in your Demat account.
Decide whether to hold or sell the shares based on your investment strategy.

2. For Unsuccessful Investors

Check for a refund of the application amount.
Consider reinvesting the refunded amount in other opportunities.

5. Key Dates to Remember

Allotment Date: The date on which shares are allotted to investors.
Refund Initiation Date: The date by which refunds are processed for unsuccessful applications.
Listing Date: The date when the shares are listed on the stock exchanges for trading.

FAQs

1. What happens if I don’t receive any shares in the allotment?
If you do not receive an allotment, the application amount is refunded to your bank account within a few working days.

2. Can I sell my shares on the listing day?
Yes, if you are allotted shares, you can sell them on the listing day through your Demat account.

3. How do I know if the IPO is oversubscribed?
Oversubscription details are available on stock exchange websites and through market reports during the IPO subscription period.

4. Can I check allotment status without a PAN?
Yes, you can use your application number or DP/Client ID to check the allotment status.

5. Is there any charge for checking the allotment status?
No, checking the allotment status on registrar or stock exchange websites is free of charge.

6. How long does it take for shares to be credited to my Demat account?
Shares are usually credited to the Demat account within a few days after the allotment date.

7. What should I do if my refund is delayed?
Contact the IPO registrar or your broker to resolve issues related to delayed refunds.

Disclaimer

Investments in IPOs are subject to market risks. Past performance is not indicative of future returns. The information provided is for educational purposes only and does not constitute financial advice. Consult a certified financial advisor before making any investment decisions.