How to check allotment status of Kaynes Technology India Ltd IPO
Kaynes Technology IPO worth Rs.857.82 crore, comprises of a fresh issue of Rs530 crore and an offer for sale (OFS) of Rs327.82 crore. While the fresh issue component will result in a fresh infusion of funds as well as dilution of equity and EPS, the offer for sale component will only result in transfer of ownership. The issue was overall subscribed 34.16 times, with the maximum subscription coming from the QIB segment, which got subscribed over 98.47 times. While the HNI / NII segment got subscribed about 21.21 times, the retail portion got subscribed 4.09 times. Most of the QIB subscriptions got bunched on the last day of the IPO, which is the norm. The price band for the IPO was Rs559 to Rs587, and looking at the response, it looks fairly likely that the price discovery would eventually happen at the upper end of the price band.
The basis of allotment will be finalized late on Thursday, 17th November 2022. The demat credits are expected to happen on 21st November 2022 while the listing of the stock on the NSE and the BSE will happen on 22nd November 2022. If you have applied for the IPO, you can check your allotment status online and there are two ways to do it.
You can either check your allotment status on the BSE website or the IPO registrar, Link Intime India Private Limited. Here are the steps.
Checking the allotment status of Kaynes Technology India Ltd on BSE website
Visit the BSE link for the IPO allotment by clicking on the link below
Once you reach the page, here are the steps to follow.
Under Issue Type – Select Equity Option
Under Issue Name – Select Kaynes Technology India Ltd from the drop down box
Enter the Application Number exactly as in the acknowledgement slip
Enter the PAN (10-digit alphanumeric) number
Once this is done, you need to click on the Captcha to verify that you are not a robot
Finally click on the Search Button
In the past, while checking the allotment status on the BSE website, it was necessary to input the PAN number and the application Number. However, now BSE has modified the requirements and it is sufficient if you enter any one of these parameters.
The allotment status will be displayed on the screen in front of you informing about the number of shares of Kaynes Technology India Ltd allotted into your demat account. It is advisable that you retain a copy of the snapshot of the allotment status page for your reference and future records.
Checking the allotment status of Kaynes Technology India Ltd on Link Intime India Private Limited (Registrar to the IPO)
Visit the Link Intime registrar website for IPO status by clicking on the link below:
This dropdown will only show the active IPOs, so once the allotment status is finalized, you can select Kaynes Technology India Ltd from the drop down box. In the case of Kaynes Technology India Ltd, data access will be allowed late on 17th of November or by middle of 18th of November.
There are 3 options available to you. You can either access the allotment status based on PAN, Application Number or DPID-Client ID combination. You can select any one options that is preferred and provide the details accordingly.
If you opt for the PAN Number access, then enter the 10 character income tax permanent account number (PAN). This is an alphanumeric code available either on your PAN card or on top of your income tax return.
The second option is to use the Application Number that you used while making an application for the IPO. The application number is available on the acknowledgement provided to you and you can use that as one of the options to access allotment status.
The third option is to use the DPID-Client ID combination. Remember that here you have to enter the DP id and the demat client id together as one single string. This DPID / Client ID combination is a numeric figure for CDSL demat accounts while it is an alphanumeric string for NSDL demat accounts. This number would be available in your demat statement or you can also get it online from your online trading account or trading app downloaded on the mobile smart phone.
Finally, click on the Search button
The IPO status with number of shares of Kaynes Technology India Ltd allotted will be displayed on the screen in front of you. You can take a screenshot of the output page for your records.
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