Shivalic Power IPO allotment status is now available. Allotment status is to be available on June 27, 2024. This is as per the timeline provided in the red herring prospectus (RHP) of the IPO.
Shivalic Power IPO closed with strong subscription of 257.3 times while retail subscription stood at MASSIVE 230.1 times. The stock is likely to get listed on July 1, 2024 but meanwhile, all eyes are on allotment. After finalization of allotment, initiation of refunds is scheduled to occur on June 27, 2024 and shares are expected to be credited to successful investors’ demat accounts by June 27, 2024. Owing to strong positive sentiment in Shivalic Power IPO GMP, the allotment is likely to be difficult with slim chances.
Here are some ways in which you can check Shivalic Power IPO allotment status online.
#1 Registrar Website – Most effective way to check Shivalic Power IPO allotment status
Once an IPO is closed for subscription, the ball moves in the court of issue registrar. In this case, the registrar is Skyline Financial Services so investors can simply head to its website, select Shivalic Power 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. As a result, it is worthwhile to keep your options open.
#2 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 a number of 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 corresponding amount. The debit amount for Shivalic Power IPO is INR 1,20,000. If the application is unsuccessful, then the bank account will see effective balance go up by this amount which was marked on hold for the application.
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.
#3 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.
