Investors can ease the process of knowing their IPO allotment or application status in just five steps. They no longer have to go through a lengthy process which requires a lot of time. The subsidiary of Equitas holding termed the Equitas Finance Bank has finalized the allotment basis for the maiden public issue. In order to comply with the RBI norms, the IPO had made a fresh issue of Rs.280 crore and an offer for sale of around 7.2 crore equity shares.
The investors can easily check their allotment status online with the following steps
They just have to access the IPO’s website registrar KFin Technologies Private Limited. Once you get access to the registrar, there will be separate links and the investor can click on any of the links to know the allotment status.
Here is a detailed explanation of how you can know the allotment status through different links
Select your IPO name, that is Equitas Small Finance Bank
Check in the box for your details that are to be entered to log in (Application Number/ DPID/Client ID or PAN Number)
For application Number login: Select ASBA/NON-ASBA and enter the details correctly.
For Login using DPID/Client ID: Select NSDL /CDSL and enter.
For login using Permanent Account Number: select PAN
Enter the Captcha correctly.
Click on the Submit Button
Get your application or allocation status
Link 2: BSE Website
Select Equitas Small Finance Bank in the issue type
Enter your application number
Enter the PAN details
Point to remember:
Ensure that all the information entered is correct so that the application status can be easily seen.
They can see the number of shares allocated to the page and also the number of shares subscribed during the IPO
After the allotment is final, the company will begin to initiate the refunds and facilitate the funds.
The equity shares will be credited to the respective account within a week.
Related News: Equitas Small Finance Bank shares on sale