Vedant Fashions IPO, which closed with strong subscription of over 2.5 times on the last day of bidding, is likely to finalize the basis of share allotment on or before Friday, 11 February 2022. The stock is likely to get listed on 16 February 2022 but meanwhile, all eyes are on allotment. Once allotment is finalized, initiation of refunds is scheduled to occur on 14 February 2022 and shares are expected to be credited to successful investors’ demat accounts by 15 February 2022. Here are some ways in which you can check Vedant Fashions IPO allotment status online.
#1 Registrar Website – Most effective way to check Vedant Fashions 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 Kfin Technologies Private Limited so investors can simply head to its website, select Vedant Fashions 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 relatively better infrastructure. In any case, it is worthwhile to keep your options open.
#2 BSE Website
Another effective way of check allotment status is the IPO allotment page on BSE website. However, investors need to know 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 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. In case of Vedant Fashions, the amount is INR[]. 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.
#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.
