Ratnaveer IPO Allotment Of Shares Likely On September 11; How To Check Your Application Status

Ratnaveer Precision Engineering IPO: The allotment of equity shares of its Rs 165.03 crore initial public offering (IPO) is likely to begin on September 11. There are many mediums to check Ratnaveer IPO allotment status such as through the registrar of the public offer, bank account, Demat account and on stock exchanges. The IPO is expected to list on September 14 on exchanges BSE and NSE.

On Saturday, the grey market premium (GMP) of the IPO stood at Rs 46 apiece. As per TopsShareBrokers, with the price band of 98.00, Ratnaveer Precision Engineering IPO's estimated listing price is ₹144 (cap price + today's GMP). The expected percentage gain/loss per share is 46.94%.

As per the NSE data, the IPO oversubscribed 93.99 times on the final day, receiving strong demand across the investors category. The portion of Qualified Institutional Buyers (QIBs) subscribed 133.05 times, the Non-Institutional Investors (NII) portion subscribed 135.21 times, and lastly, the Retail Individual Investors (RIIs) portion subscribed 54.01 times.

Here's how to check the allotment status on various portals:

1. Link Intime Allotment Page:

Step 1: Visit Link Intime IPO Allotment Page (https://linkintime.co.in/MIPO/Ipoallotment.html)

Step 2: Select the option of personal identification to proceed further to select the IPO name. These can be a Permanent Account Number (PAN) card, Aadhaar card, or DP ID options.

Step 3: After doing so, click on the drop-down menu bar to select the IPO name. Select 'Ratnaveer Precision Engineering'.

Step 4: Feed the details of PAN, Aadhaar, or DP ID as per your selection.

Step 5: Click on the 'Search' button lastly to proceed to check your allotment status on the screen.

BSE:

Step 1: Under the investors' section of the BSE website, click on 'Status of Issue Application'. Here is the link: https://www.bseindia.com/investors/appli_check.aspx

Step 2: Select the issue type either Equity or Debt

Step 3: Select the IPO name 'Ratnaveer Precision Engineering' from the drop-down menu on the Issue Name.

Step 4: Feed in the details of either Application No. or PAN card.

Step 5: Select the captcha mode and then click on 'Search'. You get to know your allotment status accordingly.

NSE:

- Exchange will also provide Allotment information as provided by the registrar to the issue. Click here to log in (https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids)

- To avail of this facility, the investor has to register one time by providing the PAN details.

- The user shall be able to view the details of the bids entered against the registered PAN number

- On registration, the investor will receive an email notification from NSE on the registered email address providing the login details.

Demat Account:

- Another method to check your application status for Ratnaveer Precision Engineering IPO could be your demat account. You can call your broker, or log into your trading account for this.

- If your application is approved and Ratnaveer Precision Engineering shares are credited then it should reflect in your Demat account.

Bank Account:

- To check your application status, investors need to log in to their bank account from which they have applied for the Ratnaveer Precision Engineering IPO.

- After logging in, you need to check your balance statement. - If an investor has received the allotment, then the amount will be debited from your account. If not, then the amount will be credited.

- Also, as per IPO Watch, if you got the allotment you should have gotten an SMS "Dear Customer, Bank Name Account 00001 is debited with INR 00000.00 on Date. Info: IPOName. The Available Balance is INR 000000."

After the allotment of equity shares, the refunds are likely to be initiated on September 12, and shares are expected to be credited to demat accounts on September 13. As per Chittorgarh, the listing is expected on September 14.

The IPO opened on September 4 and closed on September 6, comprising of fresh issues worth Rs 135.24 crore and offers for sale up to Rs 29.79 crore. The lower price band of the IPO was Rs 93 and the upper price band was Rs 98.

Unistone Capital is the book-running lead manager for the IPO, while Link Intime India is the registrar of the issue.

The proceeds of the fresh issue will be utilised for funding working capital requirements and general corporate purposes. The proceeds of OFS will be transferred to selling shareholder Vijay Ramanlal Sanghavi who is the promoter of the company.