Sah Polymers IPO: How to check the allotment status
Sah Polymers IPO, worth Rs. 66.30 crore consisted entirely of a fresh issue of shares to the public. There is no offer for sale (OFS) component in the IPO. The entire IPO funds, net of issues expenses will come in as fresh funds into the company and there will be dilution of equity in this case. The issue was overall subscribed 17.46 times, with the maximum subscription coming from the Retail segment, which got subscribed over 39.72 times. While the HNI / NII segment got subscribed about 32.69 times, the QIB portion got subscribed just 2.40 times. Most of the QIB subscriptions and the HNI / NII subscriptions came in on the last day of the IPO, which is the norm. The price band for the IPO was Rs. 61 to Rs. 65, 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 Monday, 09th January 2023 while the payment of refunds to non-allottees will be initiated on 10th January 2023. The demat credits are expected to happen on 11th January 2023 while the listing of the stock on the NSE and the BSE will happen on 12th January 2023. If you have applied for the IPO, you can check your allotment status online.
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 Sah Polymers 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 Sah Polymers 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 Sah Polymers Ltd allotted into your demat account. You can download a print screen of the output for your future records and to verify when you finally get the demat credits into your account.
Checking the allotment status of Sah Polymers 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 Sah Polymers Ltd from the drop down box. In the case of Sah Polymers Ltd, data access will be allowed late on 10th of January 2023 or by middle of 11th January 2023.
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 Sah Polymers 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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