The wait is over for investors who applied for the Kataria Industries IPO! The allotment of shares is being finalized today, July 22nd, 2024. This means you’ll finally know if you’ve been allocated any shares in the company’s initial public offering.
Kataria Industries, a manufacturer of infrastructure products, launched its IPO earlier this month to raise funds. The subscription period for the IPO ran from July 16th to July 19th, and according to reports, it received a very strong response from investors, being subscribed over 393 times!
- Allotment Finalization: Today, July 22nd, the company will finalize the allotment of shares. This means they will decide how many shares will be given to each investor who applied for the IPO.
- Refunds and Demat Credit: If you were not allotted any shares, the money you invested will be refunded to your bank account starting tomorrow, July 23rd. For those who are lucky enough to receive shares, they will be credited to your Demat account by July 23rd as well.
- Listing Date: Mark your calendars! The shares of Kataria Industries are expected to list on the NSE SME platform on July 24th. This means you’ll be able to trade them on the stock exchange starting that day.
Checking Your Allotment Status
Here’s the exciting part – finding out if you’ve been allotted any shares! Luckily, the process is quite simple. You can check your allotment status online through the registrar’s portal, which is Bigshare Services Pvt Ltd. Here’s a brief guide to assist you:
- Visit the Bigshare Services website
- Find the section for checking IPO allotment status.
- Select “Kataria Industries” from the list of companies.
- You will be asked to enter your PAN number, application number, or DP client ID. Choose whichever information you have readily available.
- Once you enter the details, click on “Search” and you’ll see your allotment status.
While you wait for the official allotment results, you might come across a term called “GMP”. GMP stands for Grey Market Premium. It’s an unofficial estimate of the price at which a stock might trade on the listing day. However, it’s important to remember that GMP is not a guaranteed price and should only be considered indicative.
The Bottom Line
Today marks a crucial step for the Kataria Industries IPO. With the allotment finalized, investors will soon know if they’ve been allocated shares. Remember, you can check your allotment status online using the steps mentioned above. Good luck!