Indigo Paints IPO closed on 22 January and now, all eyes are set on allotment which is expected on Thursday, 28 January 2021. Since the grey market premium (GMP) of the offer is strong at INR820 per share, it is likely to result in bumper listing on allotment price of INR1,490 per share. Indigo Paints IPO allotment status can be checked online using the following methods:
#1 Registrar Website (Link Intime)
The registrar to the offer is the sole party responsible for allotment of shares. In case of Indigo Paints IPO, the registrar is Link Intime. Thus, applicants can head to Link Intime’s website and select the IPO from the dropdown menu, enter any of the following details to check their allotment status:
- IPO Application Number
- Demat Account Number
- Bank Account & IFSC details
Registrar website gets lot of traffic on the date of allotment which might result in website crashes and delayed loading. Thus, it is better to keep other options handy.
#2 BSE Website
Investors can also check the IPO allotment page on BSE website which offers allotment status flawlessly. However, investors will need application number in addition to PAN to check status in this option. Simply select equity, relevant IPO, application number and PAN to get status.
BSE has 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
The next best source is your bank account to find out if you have been allotted shares or not. In case of successful allotment, bank account balance goes down by the corresponding amount. It is important to note that IPO allotment and amount deduction from bank account are two different events but in some cases, both happen almost concurrently.
#4 Credit in Demat Account
Finally, investors can also check if the shares have been credited in their demat accounts. However, this is the slowest of all the methods. In some cases, shares are credited on the day of listing making it the least effective method.
It is also important to understand IPO allotment process as well as timelines. In case of Indigo Paints IPO, the allotment timetable is as follows
Finalisation of Basis of Allotment: 28 January 2021
Initiation of refunds: 29 January 2021
Transfer of shares to demat accounts: 1 February 2021
Listing Date: 2 February 2021
Read Also: 5 tips to increase IPO allotment chances
Indigo Paints IPO Subscription
Allotment is likely to be a challenge due to oversubscription which stood at nearly 16X in retail and 263X in HNI categories, respectively. As a result, allotment is likely to be competitive in this IPO.
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Indigo Paints IPO Allotment Status FAQs
What is Indigo Paints IPO Allotment Date?
For Indigo Paints IPO, the Basis of Allotment will be finalised on 28 January 2021. However, allotted shares are likely to be credited in demat accounts on 1 February 2021.
How to check Indigo Paints IPO Allotment Status?
You will need your PAN number, IPO application number, Demat account and Bank account details to check allotment of Indigo Paints IPO.