Monday, April 29, 2024

Paras IPO: Here’s how to check allotment status

Monday, September 27, 2021, 11:45
This news item was posted in Business category and has 0 Comments so far.

NEW DELHI: Paras Defence and Space Technologies, an engineering company, will finalise the basis of IPO share allotment on Tuesday, September 28.The issue broke all records of subscription. It saw applications for 2,17,26,31,875 shares against the total issue size of 71,40,793 shares. This means the offer was subscribed nearly 304.3 times. Before this, Salasar Techno with subscription of 273.05 times was the most subscribed IPO. Overall, investors have bet over Rs 38,000 crore on this Rs 171 crore issue.Investors, who had bid for the issue, can check the allotment status on the Bombay Stock Exchange (BSE) website:Visit https://www.bseindia.com/investors/appli_check.aspxUnder the issue type, click EquityUnder the issue name, select Paras Defence in the dropboxWrite the application numberAdd the PAN card IDClick on ‘I am not a Robot’ and hit submitYou can also check the share allotment status on the online portal of Link Intime India Private Limited (https://linkintime.co.in/MIPO/Ipoallotment.html), the registrar to the issue. The registrar is a Sebi-registered entity, qualified to act as such and which electronically processes all applications, and carries out the allotment process as per the prospectus.The registrar is responsible for complying with the timelines for updating the electronic credit of shares to successful applicants, dispatch, and uploading of refunds, and attending to all investor-related queries after the issue is completed.Go to the web portal of Link Intime India Private LimitedSelect the IPO in dropbox whose name will be populated only if the allotment is finalisedYou may be required to select either one of the three modes: Application number, Client ID or PAN IDIn application type, select between ASBA and non-ASBAEnter the details of the mode you selected in Step 2For security purposes, fill the captcha accuratelyHit submitParas Defence has five major product category offerings – Defence & Space Optics, Defence Electronics, Heavy Engineering, Electromagnetic Pulse Protection Solutions, and Niche Technologies. It claims to be the only Indian company with the design capability for space-optics and opto-mechanical assemblies and is one of the leading providers of optics for various Indian defence and space programs.

You can leave a response, or trackback from your own site.

Leave a Reply