Sai Life Sciences IPO allotment status is not available right now. Allotment status will be made available on December 16, 2024, per the timeline provided in the IPO’s red herring prospectus (RHP).
Sai Life Sciences’ initial public offering (IPO) didn’t get interest from retail investors as expected. The IPO achieved a subscription rate of nearly 10.26 times by December 13, 2024. Breaking down the subscriptions by investor category, Qualified Institutional Buyers (QIBs) subscribed a strong 30.93 times, while Non-Institutional Investors (NIIs) showed a healthy demand at 4.92 times, and Retail Individual Investors (RIIs) subscribed 1.37 times.
The stock is set to be listed on 18 December with much anticipation around the allotment process beforehand. Once the allotment process is finalized and refunds are initiated, shares will likely be credited into successful investors’ demat accounts by 17 December. Given the reception towards Sai Life Sciences IPO in the grey market premium (GMP), the IPO is likely to list in the positive territory.
Here are a few methods to verify the Sai Life Sciences IPO allotment status.
Table of Contents – Sai Life Sciences IPO Allotment Status
#1 Registrar Website – Most effective way to check Sai Life Sciences IPO allotment status
After an IPO has finished accepting subscriptions, the issue registrar takes over the next steps. The registrar handling this case is Kfin Technologie. Investors can easily visit its website and navigate to Sai Life Sciences from a list of options provided to check their allotment status by entering any of the details given.
- PAN
- IPO Application Number (CAF Number)
- Beneficiary ID (NSDL or CDSL Demat Account Number)
Registrar websites can get busy during allotment days and may slow down significantly; however, Kfin Technologie seems to have a reliable infrastructure, in place to handle that load better than most others do in such situations. Nevertheless, it is always advisable to explore multiple options.
#2 BSE Website
You can also verify the status of the Sai Life Sciences IPO allotment by visiting the IPO allotment page on the BSE website. However, investors need to have both the application number and PAN to check using this method. Just choose equity select the IPO enter your application number and PAN to view the status.
The Bombay Stock Exchange (BSE) boasts a website infrastructure that ensures investors encounter minimal issues, like slow loading times or unresponsiveness when using it.
#3 Bank Account Debit/Removal of Lien
If you haven’t found what you’re looking for yet in your search results up to now, it could be worth checking your bank account. Many banks have systems in place and send updates on account balances to customers through various means such, as text messages. So you might not even have to log in to banking.
Suppose the investor’s request has been approved successfully. In that case, their application is accepted for a single lot in the Sai Life Sciences IPO at INR 14,820 per lot will be debited from their account accordingly. If the application is not successful the amount that was put on hold for the application will reflect as an increase in the bank account balance.
Upon allocation of shares in an IPO, the balance in the bank account decreases by the corresponding sum of money allocated for the shares purchased. It is crucial to understand that the process of IPO allotment and the subsequent deduction of funds, from a bank account are occurrences; however, there are instances where these events occur almost simultaneously.
#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.
Sai Life Sciences IPO Allotment FAQs
When is the Sai Life Sciences IPO allotment expected?
Sai Life Sciences IPO allotment status will be available on December 16, 2024, as per the timeline provided in the red-herring prospectus (RHP).
When will the Sai Life Sciences IPO get listed?
The Sai Life Sciences IPO is planned to list the shares on December 18, 2024, at BSE and NSE.
Where to check Sai Life Sciences IPO allotment status?
Sai Life Sciences IPO allotment status is expected on December 16, 2024. Click the green button Sai Life Sciences IPO Allotment status above to check the allotment. Note the button remains disabled until the allotment is available online.
