Utssav CZ Gold Jewels IPO allotment status is now available. Allotment status is to be available on August 5, 2024. This is as per the timeline provided in the IPO’s red herring prospectus (RHP).
Utssav CZ Gold Jewels IPO closed with a strong subscription of 47.64 times while the HNI subscriptions stood at 64.81 times. The stock will likely be listed on August 7, 2024, but all eyes are on the allotment. After the finalization of allotment, initiation of refunds is scheduled to occur on August 6, 2024, and shares are expected to be credited to successful investors’ demat accounts by August 6, 2024. Owing to strong positive sentiment in Utssav CZ Gold Jewels IPO GMP, the allotment is likely to be difficult with slim chances.
Here are some ways in which you can check Utssav CZ Gold Jewels IPO allotment status online.
#1 Registrar Website – A most effective way to check Utssav CZ Gold Jewels IPO Allotment Status
Once an IPO is closed for subscription, the ball moves in the court of the issuing registrar. In this case, the registrar is Bigshare Services so investors can simply head to its website, select Utssav CZ Gold Jewels 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.
Check Utssav CZ Gold Jewels IPO Allotment Here
#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 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 the Utssav CZ Gold Jewels IPO is INR 1,32,000. 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.
#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.
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Utssav CZ Gold Jewels IPO Allotment FAQs
When is the Utssav CZ Gold Jewels IPO allotment expected?
Utssav CZ Gold Jewels IPO allotment status will be available on August 5, 2024, per the timeline in the red-herring prospectus (RHP).
When will Utssav CZ Gold Jewels IPO get listed?
Utssav CZ Gold Jewels IPO is planned to list the shares on August 7, 2024, at NSE EMERGE.
Where to check Utssav CZ Gold Jewels IPO allotment status?
Utssav CZ Gold Jewels IPO allotment status is expected on August 5, 2024. Click the green button on the Utssav CZ Gold Jewels IPO Allotment status above to check the allotment. Note the button remains disabled until the allotment is available online.
What is the lot size of Utssav CZ Gold Jewels IPO?
Utssav CZ Gold Jewels offer lot size is 1,200 shares.
