The anticipated date for the Vibhor Steel Tubes Limited IPO allotment is Friday, February 16, 2024.
To verify the Vibhor Steel Tubes Limited 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.
Vibhor Steel Tubes IPO Event Dates
| Event | Date |
|---|---|
| IPO Open Date | Tuesday, February 13, 2024 |
| IPO Close Date | Thursday, February 15, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on February 15, 2024 |
| Basis of Allotment | Friday, February 16, 2024 |
| Initiation of Refunds | Monday, February 19, 2024 |
| Credit of Shares to Demat | Monday, February 19, 2024 |
| Listing Date | Tuesday, February 20, 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.