The anticipated date for the Megatherm Induction IPO allotment is February 1, 2024.
To verify the Alpex Solar IPO allotment status, please follow these steps:
- Click on the check button for allotment status below.
- Choose the company name.
- Input your PAN Number, Application Number, or DP Client ID (any one).
- Click on the Search button.
Upon successful allotment, the corresponding shares will be credited to your Demat account.
For any concerns or inquiries regarding the allotment status, please reach out to :Bigshare service ltd
Megatherm Induction IPO Timeline (Tentative Schedule)
| IPO Activity | Date |
|---|---|
| IPO Open Date | Monday, January 29, 2024 |
| IPO Close Date | Wednesday, January 31, 2024 |
| Basis of Allotment | Thursday, February 1, 2024 |
| Initiation of Refunds | Friday, February 2, 2024 |
| Credit of Shares to Demat | Friday, February 2, 2024 |
| Listing Date | Monday, February 5, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 31, 2024 |
What is Basis of Allotment?
When an individual participating in an IPO wishes to understand the allocation of shares among various investor categories, they should refer to the IPO Basis of Allotment (BOA).
The Basis of Allotment (BOA) is a crucial document created by the registrar to furnish comprehensive information about the number of applications or bids received from anchor investors, Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail investors (RIIs). It outlines the allocation ratio of shares, revealing the IPO demand by detailing the number of applications received and the shares reserved across categories. Additionally, the document specifies the shares allocation ratio for different applicant categories.
The allocation ratio in the BOA clarifies how many applicants will receive one lot of shares among a specified number of applicants. For instance, if the ratio is 1:10, it means that every 1 out of 15 IPO applicants will receive one IPO lot.