Vishal Mega Mart IPO Allotment Status to be finalized on 16 December

Vishal Mega Mart IPO GMP

Vishal Mega Mart IPO Subscription

Vishal Mega Mart IPO allotment status is not available right now. Allotment status will be made available on December 16, 2024, as per the timeline provided in the IPO’s red herring prospectus (RHP).

Vishal Mega Mart IPO closed with a strong subscription of 27.3 times while QIB subscriptions stood at 80.75 times. The stock is likely to get listed on 18 December but meanwhile, all eyes are on allotment. After finalization of allotment, initiation of refunds is scheduled to occur on 16 December and shares are expected to be credited to successful investors’ demat accounts by 17 December. As a result of high subscription figures, a positive sentiment is visible in Vishal Mega Mart IPO GMP. All these factors are likely to make successful allotment a rarity. Nevertheless, investors are hopeful of winning the lottery.

Here are a few methods to verify the Vishal Mega Mart IPO allotment status.

#1 Registrar Website – Most effective way to check Vishal Mega Mart 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 Vishal Mega Mart 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 Vishal Mega Mart 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 Vishal Mega Mart 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.

Vishal Mega Mart IPO Allotment FAQs