Investing in an IPO is always an exciting process, but the wait to know whether you’ve received an allotment can be nerve-wracking. Here’s a detailed guide on how you will be informed about your IPO allotment for DAM Capital Advisors IPO, Transrail Lighting IPO, and Mamata Machinery IPO.
1. Check Allotment Status on Registrar’s Website
The primary way to check IPO allotment status is through the registrar’s official website. Each IPO has a designated registrar responsible for processing applications and updating allotment details.
- DAM Capital Advisors IPO: Check on Link Intime.
- Transrail Lighting IPO: Check on Link Intime.
- Mamata Machinery IPO: Check on Link Intime.
Steps to check:
- Visit the respective registrar’s website.
- Click on the “IPO Allotment Status” section.
- Select the IPO name (e.g., DAM Capital Advisors, Transrail Lighting, or Mamata Machinery).
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
2. Debit of Funds from Your Bank Account
If you have been allotted shares, the application amount will be debited from your linked bank account. Typically, this happens a day or two before shares are credited to your Demat account.
- If funds remain unblocked or no debit message is received, it likely means you were not allotted shares.
- For those using UPI-based applications, you may receive a confirmation message from your bank once funds are debited.
3. Credit of Shares to Your Demat Account
Investors who receive an allotment will see the allotted shares credited to their Demat account. The credit generally happens a day before the listing date. For example:
- DAM Capital Advisors IPO: Shares are expected to be credited on December 26, 2024.
- Transrail Lighting IPO: Shares are expected to be credited on December 26, 2024.
- Mamata Machinery IPO: Shares are expected to be credited on December 26, 2024.
You can verify this by checking your Demat account holdings through your broker’s trading platform.
4. Email and SMS Communication
Registrars and brokers send notifications regarding IPO allotments via email or SMS to the registered email ID and mobile number provided during the application process. These communications usually include the number of shares allotted (if any) or information about refund initiation in case of no allotment.
5. Monitor UPI Mandate Status
For UPI applications, the allotment process is tied to your UPI mandate. If the mandate is revoked or expires without fund debit, it indicates that you were not allotted shares.
6. Refunds for Non-Allottees
If you didn’t receive an allotment, the blocked amount in your bank account will be released. Refunds are generally initiated within a day of the basis of allotment finalization. For the above IPOs:
- Refund initiation date: December 26, 2024.
Final Tip
Investors should keep an eye on the registrar’s website and bank notifications to stay updated. Ensure you have the correct application details handy to check the status seamlessly.
With the overwhelming subscription rates for these IPOs, such as DAM Capital Advisors (81.88x), Transrail Lighting (81.98x), and Mamata Machinery (194.95x), the allotment process may take some time, but rest assured that updates will follow the timelines.
