If you applied for shares in the recent Effwa Infra and Research IPO, there’s good news! The allotment of shares is likely to be finalized today, July 10th, 2024. This means you’ll soon find out if you’ve been allotted any shares in the company.
The bidding period for the Effwa Infra and Research IPO closed on July 9th. There’s been a lot of anticipation surrounding the allotment as the IPO received a very strong response from investors. Reports suggest the issue was subscribed over 313 times, indicating significant investor interest.
Here’s a breakdown of the key things to expect in the coming days:
- Allotment Finalization : The company is expected to finalize the allotment process today, July 10th. This involves determining which investors will receive shares and how many.
- Refund Initiation (July 11th): If you applied for shares but weren’t allotted any, you’ll receive a refund for the application amount. This typically happens the next day after allotment finalization, which is expected to be July 11th in this case.
- Demat Account Credit (July 11th): For those lucky enough to be allotted shares, these will be credited to your Demat account by July 11th. A Demat account is like an electronic vault where your shares are held securely.
- Listing Date (July 12th): The big day! The shares of Effwa Infra and Research are expected to be listed on the NSE SME platform on July 12th. This means you’ll be able to buy and sell them on the stock exchange.
Checking Your Allotment Status
There are two main ways to check if you’ve been allotted any shares:
- Registrar Website: Bigshare Services Pvt Ltd is the registrar for the Effwa Infra and Research IPO. You can visit their website and use their online portal to check your allotment status. You’ll likely need your application number or PAN card details for this.
- Stockbroker Website: Many stockbrokers also provide a facility to check your IPO allotment status on their website or mobile app. If you applied for shares through a broker, you can check there for updates.
Stay Calm and Informed
Remember, due to the high subscription, there’s a chance you might not be allotted any shares. But don’t worry, you’ll receive a full refund for your application amount. Keep an eye out for updates from the company or your stockbroker regarding the allotment process.
