Share allotment in vadapalani - Filingpoint


Call Our Filingpoint Share allotment  procedure Expert +91 72999 7250

1. Initial Public Offering (IPO) Announcement : The company intending to go public announces its IPO. This announcement includes details such as the number of shares to be issued, the price band, the opening and closing dates of the IPO, and other relevant information.

 

2. Subscription Period : During the subscription period, investors can apply for shares of the company through the IPO. They can do this through various channels like online platforms, designated bank branches, or through registered brokers.

 

3. Bidding Process : Investors can bid for shares within the specified price band. They can bid at the cut-off price or at any price within the price band. Retail investors usually bid at the cut-off price, while institutional investors may place bids at specific prices.

 

4. Allotment Process : After the closure of the subscription period, the company, in consultation with the lead managers to the issue, determines the allotment of shares. Allotment is typically done on a proportionate basis, depending on the number of shares applied for and the demand during the IPO.

 

5. Refund Process : In case of oversubscription, where the number of shares applied for exceeds the shares available, the refund process begins for the excess amount paid during the bidding process. This refund typically happens within a specified timeframe after the IPO closure.

 

6. Credit of Shares : Once the shares are allotted, they are credited to the demat accounts of successful applicants. Investors can check their demat accounts to verify the allotment status.

 

7. Listing on Stock Exchanges : After the shares are allotted, the company applies for listing on stock exchanges like the NSE or BSE. Upon approval, the shares are listed, and trading begins.

 

Overall, the share allotment procedure in Vadapalani follows the regulatory guidelines set by SEBI and ensures transparency and fairness in the allocation of shares to investors participating in the IPO process.

Contact Filingpoint Team Expert +91 72999 72500

 

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