Allotment Status for Manoj Vaibhav Gems IPO i.e. Initial Public Offering will be released on 27th September 2023. Investors who subscribed to IPO between 22 and 26 September 2023 acknowledge that to check the allotment status it is mandatory to have any of these credentials: Application/CAF Number, PAN Number or Beneficiary ID, so be ready with any of them.
Manoj Vaibhav Gems IPO Allotment Status
The allotment status for the Manoj Vaibhav Gems IPO, which opened on September 22, 2023, and closed on September 26, 2023, is eagerly anticipated by investors. With an IPO size of approximately ₹270 crores, including a fresh issue of around ₹210 crores, investors are keen to know if they will be allotted shares in this offering. The basis of allotment is set for September 27, 2023, those who subscribed will be able to check the allotment status by visiting the website of Bigshare Services Pvt. Ltd.
|IPO Subscription||September 22 to 26, 2023|
|IPO Size||₹270 Crores (Approximately)|
|Fresh Issue||₹210 Crores (Approximately)|
|Number of Shares||2,800,000|
|Face Value||₹10 Per Equity Share|
|Price Band||₹204 to ₹215 Per Share|
|Listing||BSE & NSE|
|Allotment||September 22, 2023|
|Refund & Credit to Demat Account||September 29, 2023|
|Listing Data||October 03, 2023|
Manoj Vaibhav Gems IPO opens with a face value of ₹10 per equity share and a price band of ₹204 to ₹215 per share, the allotment process is designed to ensure a fair distribution of shares. The retail quota constitutes 35% of the total offering, QIB (Qualified Institutional Buyer) quota was set at 50%, and the NII (Non-Institutional Investor) quota stood at 15%. Only those shares are gonna be allocated to investors which were subscribed prior to oversubscription.
How to check the Manoj Vaibhav Gems ‘N’ Jewellers IPO Allotment Status?
To check the allocation status for Initial Public Offering of the Manoj Vaibhav Gems ‘N’ Jewellers shares, an individual subscribed to IPO will have to go through the step-by-step instructions below.
- Go to the official website of Bigshare Services Pvt. Ltd., which is accessible only at bigshareonline.com/.
- Lookout for an option that reads ‘IPO Allotment Status’ and hit on it to get redirected to the next webpage.
- You have three options: Server I, Server II and Server III, tap on the respective one and go to the next page.
- Choose the Company as ‘Manoj Vaibhav Gems ‘N’ Jewellers’, choose Type as Application/CAF Number, PAN Number or Beneficiary ID and enter the value, and then hit the Search button after filling the Captcha code in the field required.
Once you have gone through the step-by-step instructions above, you will successfully have checked that all the subscribed shares are allotted to you or not.
What if the Manoj Vaibhav Gems IPO Share(s) is not allocated?
If an investor’s shares in the Manoj Vaibhav Gems IPO are not allocated, it means he or she was not able to secure any shares in the initial allotment process, which opened on 22nd September 2023. There can be multiple reasons for non-allocation, it can be because of oversubscription of the IPO. Investors who won’t be allocated any shares will receive a refund for the amount they applied for in the IPO. The refund is typically credited to the bank account linked to the investor’s application on September 29, 2023.
What after the Manoj Vaibhav Gems IPO Basis of Allotment?
Basis of allotment for the Manoj Vaibhav Gems IPO will take place on 27th September 2023, investors who will be allotted the applied shares must know that it will be credited to his or her demat account on the 29th September 2023, which is also the refund release date for oversubscribed shares, the listing of the company on the Bombay Stock Exchange and the National Stock Exchange will take place on October 03, 2023.