Akums Drugs IPO Allotment – Check Status on Link Intime

Last updated on August 9, 2024

Akums Drugs IPO allotment status is now available. Allotment status was finalized on August 2, 2024. This is as per the timeline provided in the red herring prospectus (RHP) of the IPO.

Akums Drugs IPO closed with a strong subscription of 63.39 times while QIB subscriptions stood at 90.09 times. The stock is likely to get listed on 6 August but meanwhile, all eyes are on allotment. After finalization of allotment, initiation of refunds is scheduled to occur on 5 August and shares are expected to be credited to successful investors’ demat accounts by 5 August. As a result of high subscription figures, a positive sentiment is visible in Akums Drugs IPO GMP. All these factors are likely to make successful allotment a rarity. Nevertheless, investors are hopeful of winning the lottery.

Here are some ways in which you can check Akums Drugs IPO allotment status online.

#1 Registrar Website – Most effective way to check Akums Drugs IPO allotment status

Once an IPO is closed for subscription, the ball moves in the court of the issue registrar. In this case, the registrar is Link Intime so investors can simply head to its website, select Akums Drugs from the dropdown menu, and enter ANY of the following details to check their allotment status:

• PAN
• IPO Application Number (CAF Number)
• Beneficiary ID (NSDL or CDSL Demat Account Number)

It should be noted that registrar websites are flooded on allotment days and might become very slow. Thankfully, Link Intime has a relatively better infrastructure. In any case, it is worthwhile to keep your options open.

#2 BSE Website

Another effective way of checking the allotment status is the IPO allotment page on the BSE website. However, investors need to know the application number in addition to PAN to check the status through this option. Simply select equity, relevant IPO, application number, and PAN to get status.

BSE has a relatively robust infrastructure for its website and thus, investors are unlikely to face problems of slow connection and unresponsiveness in this option.

#3 Bank Account Debit/Removal of Lien

If your search hasn’t yielded results so far, you might want to check your bank account. Most banks have robust infrastructure and communicate balance to account holders in several ways including SMS so you might not as well need to log into net banking.

If the investor’s application has been successful, it is followed by a debit of the corresponding amount. The debit amount for Akums Drugs IPO is INR 14,938. If the application is unsuccessful, then the bank account will see the effective balance go up by this amount which was marked on hold for the application.

In case of successful allotment, the bank account balance goes down by the corresponding amount. It is important to note that IPO allotment and amount deduction from a bank account are two different events but in some cases, both happen almost concurrently.

#4 Credit of Shares in Demat Account

If everything else has failed, you can check your demat account for credit of shares. However, this approach is the slowest of all the methods. In many cases, shares may be credited on the day of listing as well, effectively taking away all the fun of allotment.

Akums Drugs IPO Allotment FAQs