Ujjivan Small Finance Bank IPO received overwhelming response with the highest subscription for the year 2019. The public offer by the small finance bank even managed to surpass the record subscription of 112 times by e-ticketing arm of Indian railways, IRCTC. The IPO issue opened from December 2 to December 4 and on the last bidding day it saw huge investor demand. Overall the issue had been subscribed a whopping 165.64 times.
As per the data on the NSE, the Rs. 750 crore IPO received bids for 2053 crore equity shares as against the issue size of 12.39 crore shares.
The portion reserved for qualified institutional buyers (QIBs) was subscribed 113.80 times, that for non-institutional investor class (NIIs) was subscribed 486.14 times and retail investors' category was subscribed 50.16 times.
So, as the public offer has been oversubscribed by a substantial margin, investors are keen to know the status of allotment of shares which has been finalized by the bank today. And due to over-subscription, some of the applicants may not be allotted any shares and for some the number of allotted shares will be less than applied for.
Here is listed the process to check the shares allotment status in the case of Ujjivan Small Finance Bank:
1. You need to visit Karvy Fintech's site as it is the registrar of the IPO
2. On the site there are given three links where one can check the share allotment status. The first link takes you to the Ujjivan bank's IPO status directly while the other two are mirror links.
3. Now you can check the allotment status by providing your DPId or client ID, application Id or via your PAN number.
The allotment of shares is completed in accordance with the rules laid down by the capital market regulator, SEBI.
Further as per a Reuters report, the bank has finalized allotment price at Rs. 37. This implies investors who bade for the issue at a price below Rs. 37 will not be eligible for shares allotment.