The much-anticipated Initial Public Offering (IPO) of Innomet Advanced Materials has now been finalized. If you participated in this IPO, it’s time to check if you’ve been allotted shares. .
The Innomet Advanced Materials IPO, aimed at raising ₹34.24 crore, opened for bidding from September 11 to September 13. Each share was priced at ₹100. This was a significant event for the company, which specializes in advanced materials for various industries. The IPO was met with a high level of interest and strong subscriptions.
How to Check Your Allotment Status:
- Visit the Registrar’s Website:
- Go to the official website of Skyline Financial Services Private Ltd., the registrar for this IPO. You can find the website address on the IPO allotment notice or the company’s website.
- Find the IPO Section:
- Look for the section on the website related to Innomet Advanced Materials IPO. There should be a specific option to check your allotment status.
- Enter Your Details:
- You’ll need to input details such as your application number, PAN (Permanent Account Number), or Demat account number. These details are usually found in your IPO application form.
- Submit and View Your Status:
- Once you’ve filled in the required information, press the “Submit” or “Check Status” button. Your allocation status will then be shown on the screen.
- Allotted:
- If your application is successful, you will see that shares have been allocated to you. The number of shares allotted will be shown.
- Not Allotted:
- If you did not receive any shares, it means your application was not successful. This could be due to high demand or other reasons.
Next Steps Based on Allotment Status:
- If Allotted:
- You will need to pay the remaining amount for the shares. The registrar will provide details on payment methods and deadlines. Make sure to follow these instructions to complete the process.
- If Not Allotted:
- You can either withdraw your application amount or consider investing it elsewhere. Refunds for unsuccessful applications will be processed on September 17, the same day the shares are credited to successful investors’ Demat accounts.
Important Information:
- The IPO allotment status is usually available a few days after the IPO closes. Ensure you have your application number and PAN ready to avoid any errors.
- For any issues or questions, contact the registrar or the company’s customer support for assistance.
The Innomet Advanced Materials IPO was a fresh issue of 34.24 lakh shares with no offer for sale (OFS). The minimum lot size for application was 1,200 shares, requiring a minimum investment of ₹1.2 lakh for retail investors. The IPO saw overwhelming demand, with the issue being subscribed 323.92 times during its three-day bidding period. Specifically, the retail investor segment was subscribed 226.97 times, and the ‘others’ category was subscribed 367.77 times.
This high subscription rate highlights the strong interest in Innomet Advanced Materials and its potential in the advanced materials sector. The company is set to list its shares on the NSE SME (Small and Medium Enterprises) platform on September 18, 2024.
By following these steps and understanding the process, you can easily check your IPO allotment status and proceed accordingly.