Investors eagerly awaiting the allotment status update for the Transrail Lighting IPO have raised concerns over the delay on Link Intime’s website. While the basis of allotment was scheduled for December 24, 2024, updates are yet to be reflected. However, some users have reported receiving debit messages from their bank accounts, indicating that the allotment process may have begun and status updates could appear on the website shortly.
Key IPO Details:
- Subscription Status: The Transrail Lighting IPO was subscribed 81.98 times by December 23, 2024, 6:19 PM.
- QIB: 197.41x
- NII: 78.31x
- Retail: 22.62x
- Total applications: 40,10,736
- IPO Timeline:
- Opening Date: December 19, 2024
- Closing Date: December 23, 2024
- Basis of Allotment: December 24, 2024
- Refund Initiation: December 26, 2024
- Shares Credit to Demat: December 26, 2024
- Listing Date: December 27, 2024
Possible Reasons for Delay:
- High Subscription Numbers: The IPO saw overwhelming demand with a total subscription of 81.98 times, which could lead to logistical delays in processing.
- Technical Challenges: Any server or operational issues on Link Intime’s website might delay the status update.
- Verification of Applications: Verifying applications to comply with SEBI guidelines takes time and could contribute to the delay.
- Holiday Season Impact: The allotment process coincides with the year-end holiday season, potentially affecting operations.
Update from Investors:
Several investors have reported receiving debit messages from their bank accounts, which is typically a sign that the allotment process has commenced. This suggests that the status might be updated on the Link Intime website shortly.
Transrail Lighting IPO
DAM Capital Advisors IPO
Mamata Machinery IPO
Sanathan Textiles IPO
Allotment Status will be available soonDebit Message Started
Join Telegram For Allotment Status Link
Link In Biohttps://t.co/bpijBnHqdh pic.twitter.com/pvbNv4vOIX— EquityBuzz (@TheEquityBuzz) December 25, 2024
@SEBI_India @BSEIndia @weKFintech @NSEIndia
Kindly make some strict rules for IPO allotment date.
Most of the IPO allotments not showing on any platform at actual date of allotment.
As of now DAM Capital, Mamta Machinery, Transrail Lighting not updated the allotment status.— Mohit (@mohit9639) December 25, 2024
Investors are encouraged to remain patient as these delays are not uncommon in heavily subscribed IPOs. Keep checking the Link Intime website for updates.
