Announcements

The exponential rise in IPO trends in the Indian market indicates the rising interest of investors in IPOs. If you are one of those investors who has ever felt disappointed for not receiving an IPO allotment and are keen to know the reasons behind it, you are at the right place.

Let us take a detailed look at the two possible reasons for not receiving an IPO allotment.

1. Rejection of Application
2. Non-allotment

1. Rejection of Application: Your IPO application may be considered invalid and get rejected due to:

• Multiple applications using the same PAN
• Mismatch of the PAN details with application, bank account and Demat account
• Usage of wrong UPI ID
• Not approving the UPI mandate request on your UPI app
• Entering wrong pin while approving the UPI mandate request

You can avoid application rejection, by following these pointers:

• Follow the thumb-rule of one application per PAN
• Ensure that bank account, Demat account and UPI ID used for the application are mapped to the same PAN, belonging to the same person
• Double check if you have entered the correct UPI ID
• Authorize the IPO mandate on your UPI app as soon as you receive it
• Make sure you enter the correct PIN on your UPI app while authorizing the mandate

2. Non-allotment: Even after having a successful application, you may not receive an IPO allotment  due to over-subscription.

What is IPO Over-subscription?

This is a demand-supply gap scenario. Over-subscription is when the demand for a new public issue of shares is greater than the number of total shares offered.

Suppose company ‘A’ is launching an IPO to raise Rs 10 crore from the market. It has specified,

Price per share = Rs 100-102

So, The number of shares offered = 10 crore/100 10 lakh shares  

What if the company receives more applications than the offered  number of shares?

For example, if the company A receives investor applications for 1 crore shares; its IPO is over-subscribed by 10 times.

Now, the company cannot allot shares to each applicant. In such a case,a computerized lottery is held, leaving the allotment to a chance of luck.

Due to this, even though if you have a successful application, you might not get the allotment of IPO shares.

However, you may increase the probability of receiving an IPO allotment by Submitting applications from different Demat accounts of your family members and/or friends.

It is also important to acknowledge that Angel One is merely a platform to apply for IPOs and with this article we hope you now understand the IPO allocation process better. We encourage you to follow the Do’s and Don’t s mentioned here and leave no stone unturned to increase your odds of winning an IPO allotment hereon.

How to increase your chances of getting an IPO Allotment? Watch This!

The below IPOs open on August 4 and will close on August 6, 2021.

Please refer the below table for important dates with respect to IPO allotment and listing.

Windlas Biotech Limited - Windlas Biotech was incorporated in 2001 and is amongst the top five players in the domestic pharmaceutical formulations contract development and manufacturing organization (“CDMO”) industry in India in terms of revenue. Windlas has a network of over 703 stockists and distributors spread across 15 states in India. Read more here

Devyani International Limited - Devyani International Limited was incorporated in 1991, and is the largest franchisee of Yum Brands in India, which operates famous brands, such as KFC, Pizza Hut and Taco Bell. Devyani International is also a franchisee for the Costa Coffee brand, with presence in 166 cities in India. Read more here

Krsnaa Diagnostics Limited - Incorporated in 2010, the company offers a wide range of diagnostic services such as imaging/radiology services, routine clinical laboratory tests, pathology, and tele-radiology services to private and public hospitals. It operates 1,801 diagnostic centers in 13 cities across India. Read more here

Exxaro Tiles Limited - Incorporated in 2008, the company's product portfolio comprises more than 1000 different designs of tiles in 6 sizes. It supplies its products to large infrastructure projects i.e. residential, educational, commercial, hotels, hospitals, government, builders or developers, etc. Read more here

Incorporated in 2008, the company's product portfolio comprises more than 1000 different designs of tiles in 6 sizes. It supplies its products to large infrastructure projects i.e. residential, educational, commercial, hotels, hospitals, government, builders or developers, etc.

How to apply via ABMA App | How to apply via Web Platform

The below table has important dates with respect to the IPO allotment and listing.

How to Check Allotment Status

In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date as mentioned in the above table. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.

Incorporated in 2010, the company offers a wide range of diagnostic services such as imaging/radiology services, routine clinical laboratory tests, pathology, and tele-radiology services to private and public hospitals. It operates 1,801 diagnostic centers in 13 cities across India.

How to apply via ABMA App | How to apply via Web Platform

The below table has important dates with respect to the IPO allotment and listing.

How to Check Allotment Status

In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date as mentioned in the above table. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.

w.e.f. 02-Aug-2021, NSE (National Stock Exchange) has revised the quantity freeze limit (lot size) on Nifty50 (Symbol - NIFTY), Nifty Bank (Symbol - BANKNIFTY), and Nifty Financial Services (Symbol - FINNIFTY) as under:

For more detail, refer the NSE circular here

Devyani International Limited was incorporated in 1991, and is the largest franchisee of Yum Brands in India, which operates famous brands, such as KFC, Pizza Hut and Taco Bell. Devyani International is also a franchisee for the Costa Coffee brand, with presence in 166 cities in India.

How to apply via ABMA App | How to apply via Web Platform

The below table has important dates with respect to the IPO allotment and listing.

How to Check Allotment Status

In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date as mentioned in the above table. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.

Windlas Biotech was incorporated in 2001 and is amongst the top five players in the domestic pharmaceutical formulations contract development and manufacturing organization (“CDMO”) industry in India in terms of revenue. Windlas has a network of over 703 stockists and distributors spread across 15 states in India.

How to apply via ABMA App | How to apply via Web Platform

The below table has important dates with respect to the IPO allotment and listing.

How to Check Allotment Status

In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date as mentioned in the above table. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.

Rolex Rings is one of the top five forging companies in India and a manufacturer and global supplier of hot rolled forged and machined bearing rings, and automotive components for segments of vehicles including commercial vehicles, off-highway vehicles, industrial machinery, wind turbines and railways, amongst other segments.

How to apply via ABMA App | How to apply via Web Platform

The below table has important dates with respect to the IPO allotment and listing.

How to Check Allotment Status

In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date as mentioned in the above table. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.

Glenmark Life Sciences Limited (“GLS”) is a wholly-owned subsidiary of Glenmark Pharmaceuticals Ltd. The company is a leading developer and manufacturer of select high value, non-commoditized active pharmaceutical ingredients (“APIs”). GLS partners with 16 of the top 20 generic companies in the world and serves customers in multiple countries.

EVERYTHING YOU NEED TO KNOW ABOUT GLENMARK IPO

How to Check Allotment Status

In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date as mentioned in the above table. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.

Incorporated in 1996, the company is a specialty chemicals manufacturer. It is the largest and only commercial manufacturer of Structure Directing Agents (SDA)s for zeolites in India. It has a global presence with a wide customer base across various industries having high entry barriers.

EVERYTHING YOU NEEDED TO KNOW ABOUT TATVA CHINTAN IPO

The below table has important dates with respect to the IPO allotment and listing.

How to Check Allotment Status

In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date as mentioned in the above table. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.