In the world of investments, IPOs (Initial Public Offerings) are always a hot topic. They represent an opportunity for investors to acquire shares of a company as it goes public for the first time. Manoj Vaibhav Gems, a company with a promising future, recently held its IPO, and investors are eagerly awaiting the allotment status. In this article, we will provide you with all the essential details regarding the Manoj Vaibhav Gems IPO allotment status and how to check it.
Overview of Manoj Vaibhav Gems IPO
- IPO Subscription: September 22 to 26, 2023
- IPO Size: ₹270 Crores (Approximately)
- Fresh Issue: ₹210 Crores (Approximately)
- Number of Shares: 2,800,000
- Face Value: ₹10 Per Equity Share
- Price Band: ₹204 to ₹215 Per Share
- Listing: BSE & NSE
- Allotment: September 27, 2023
- Refund & Credit to Demat Account: September 29, 2023
- Listing Data: October 03, 2023
The Manoj Vaibhav Gems IPO is unique in its allocation structure. To ensure a fair distribution of shares, the company has divided the allocation into three categories:
- Retail Quota (35%): This category is for individual investors, and 35% of the shares are reserved for them.
- QIB (Qualified Institutional Buyer) Quota (50%): Institutional investors fall under this category, and they have a significant portion of 50% allocated to them.
- NII (Non-Institutional Investor) Quota (15%): High-net-worth individuals and corporate bodies are included in this category with 15% of the shares allotted to them.
The basis of allotment for the Manoj Vaibhav Gems IPO is scheduled for September 27, 2023. On this date, investors who subscribed to the IPO will have the opportunity to check the allotment status.
How to Check the Manoj Vaibhav Gems IPO Allotment Status
To know whether you have been allotted shares in the Manoj Vaibhav Gems IPO, follow these simple steps:
- Visit Bigshare Services Pvt. Ltd. Website: Go to the official website of Bigshare Services Pvt. Ltd., which can be accessed at bigshareonline.com/.
- Find ‘IPO Allotment Status’: Look for an option that reads ‘IPO Allotment Status’ on the website’s homepage, and click on it to proceed.
- Choose a Server: You will be presented with three server options: Server I, Server II, and Server III. Select the server that you prefer, and proceed to the next page.
- Provide Details: On the next page, you will need to provide certain details:
- Choose the Company as ‘Manoj Vaibhav Gems ‘N’ Jewellers.’
- Select the Type as either Application/CAF Number, PAN Number, or Beneficiary ID.
- Enter the respective value depending on your selection.
- Fill in the Captcha code in the required field.
- Click ‘Search’: After entering all the necessary information, click the ‘Search’ button to check your allotment status.
What If You Don’t Get Allotted Shares?
If, after checking the allotment status, you find that you have not been allotted any shares in the Manoj Vaibhav Gems IPO, don’t be disheartened. There could be several reasons for non-allocation, with oversubscription being a common one. In such cases, investors who were not allotted any shares will receive a refund for the amount they applied for in the IPO.
The refund is typically credited to the bank account linked to the investor’s application on September 29, 2023. So, make sure to keep an eye on your bank account for the refund.
After the Allotment
For those fortunate enough to be allotted shares, there are a few more key dates to remember. The allotted shares will be credited to your demat account on September 29, 2023. This date also marks the refund release for oversubscribed shares.
The exciting part is that the Manoj Vaibhav Gems IPO is set to be listed on both the Bombay Stock Exchange and the National Stock Exchange on October 03, 2023. This is when trading begins, and investors can start seeing the value of their investments fluctuate in real-time.
In conclusion, the Manoj Vaibhav Gems IPO allotment status is a critical piece of information for investors. Whether you’re eagerly awaiting to see if you got your share of the pie or preparing for the next IPO, staying informed is the key to making informed investment decisions.
When will the Manoj Vaibhav Gems IPO allotment status be released?
The allotment status for Manoj Vaibhav Gems IPO will be released on September 27, 2023.
What should I do if I don’t get allotted any shares in the IPO?
If you are not allotted any shares, it could be due to oversubscription. You will receive a refund for the applied amount on September 29, 2023.
When will the allotted shares be credited to my demat account?
The allotted shares will be credited to your demat account on September 29, 2023.
When is the listing date for Manoj Vaibhav Gems IPO?
The Manoj Vaibhav Gems IPO is scheduled to be listed on both the Bombay Stock Exchange and the National Stock Exchange on October 03, 2023.
Where can I check the IPO allotment status?
You can check the IPO allotment status on the official website of Bigshare Services Pvt. Ltd. at bigshareonline.com/.
Also Read Other Links : –
- Kundan Edifice IPO Allotment Status, Refund, Demat Account Credit, Listing
- Vedanta Group’s Bold Move: Demerger into Six Independent Companies
- Kahan Packaging IPO GMP, Lot Size, Price, Allotment Date
- Unlocking the Intrigue: Ranbir Kapoor and Anil Kapoor Starrer “Animal” Teaser
- What is Disease X; can this potential threat be deadlier than Covid?
- Chandramukhi 2 Twitter Reviews: Kangana Ranaut’s Stellar Performance Shines on Twitter
|🔥HOME PAGE||👉 CLICK HERE|