If you have applied for HPL Electric IPO and willing to know about your HPL Electric IPO allotment status. Please check here the link and other relevant details of HPL Electric IPO allotment status mentioned for your reference. You can mention your PAN number to check the allotment details. You can check below the basis of allotment of shares for HPL Electric Power IPO under the headlines of ‘Basis of allotment’ document.
Note:- The responsibility of HPL Electric IPO allotment lies with the appointed Registrar of the company. Registrar of the company is accountable for the allotment of shares and processing of refund too. Therefore, in case of any issues, the Registrar is the right person or entity to resolve queries related to stock allocation or refund.
Important dates for HPL Electric IPO Allotment Status
- The Allotment date for HPL Electric Power IPO issue is expected to be on Sept 29, 2016
- The amount will get unblocked on Sept. 30, 2016
- The Shares are expected to credited in DP accounts on 3rd Oct 2016
- The Shares of HPL Electric Power are likely to be listed on Oct 04, 2016 on both BSE and NSE.
Subscription Details for HPL Electric Power IPO
|Shares Offered / Reserved||Day 1||Day 2||Day 3|
|All Figures in No. of Times|
Important points for Allotment of HPL Electric IPO
Here are some of the important points about IPO allotment process including allotment of HPL Electric IPO shares, basis of Allotment, process of checking allotment status and refund in case of no allotment etc.
Allotment of the IPO by Registrar
Registrar does the allotment of the IPO. Registrar is appointed by the company to manage all the registration related process i.e. Allotment of shares and refund processing. In this case, Karvy Computershare Private Limited is the Registrar of the HPL Electric Power IPO.
Basis of IPO Allotment
The Registrar of the company allocates the stocks after enquiring most of the factors like extent of the issue subscribed, number of employees of the company applied for the IPO, required allotments to QIB as per the rules etc. Thereafter, the Registrar is responsible to initiate the basis of the allotment within the time period of two weeks of the issue close date.
Normally, allocation criteria of the segments is decided as QIB – 50% HNI-15% and Retail- less than 35% of the Net issue.
Documents required to check the HPL Electric IPO Allotment Status
- Mentioning your PAN Number details or
- Your Application Form Number or
- Your DP Clinet Id
Process for Checking HPL Electric IPO Allotment Status
HPL Electric Power IPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date.
Allotment Status for HPL Electric IPO
Allotment of HPL Electric Power IPO is expected to be done within a week of closure date. In case you have applied for IPO, you may check on the below stated link with you PAN number or DP Id or Application No.
All you need to follows are these steps.
- Go to the given link Allotment Status link here
- Select IPO as HPL Electric IPO
- Enter your PAN or Application No. or DP Client Id
It may take few seconds so be little patient. If you have not got the shares, please check the basis of allotment here on this link
Credit to Demat Account after Allotment
Usually, The shares allotted to you will be placed in your Demat Account within two business days.
Wish to sell them on first day of the listing
The procedures of Shares listing in stock market is done after completing all the allotment procedures with the investors account receive the shares in their respective demat accounts. If your Demat account is active, you will directly get your allotted shares in your account to trade in the secondary market. So most likely you will not loose opportunity and will be able to sell on the very first day.
Shares not credited to Demat Account
In case the shares are not credited to your Demat Account before listing date, you need to contact your registrar immediately with a copy of your DP Client Master. This will enable Registrar to upload your allotted shares in your demat account. You can send fax/scanned image of your documents. It is important to check before that your demat account must be active.
Refund in case of Non -Allotment or Partial Allotment
You will get physical refund order to your postal address or through ECS. It depends which mode have been selected with your broker at the time of filling form of your IPO request. It is the responsibility of the Registrar to dispatch or initiate the refund order /ECS transfer within 12 working days of issue close date at your postal address or in your account.
Refund via ECS
You will receive the refund in your account updated with your Depository participant. Incase of ASBA, the blockage will be released for the non allotted amount.
Contact details of Registrar
Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32, Gachibowli, Financial District Nanakramguda
Hyderabad 500 032, Telangana, India
Tel: (+91 40) 6716 2222 / Fax: (+91 40) 2343 1551
Investor Grievance Email: email@example.com
Contact Person: Mr. Murali Krishna SEBI Registration No.: INR000000221
Registered Office Details:
1/21, Asaf Ali Road, New Delhi 110 002, India
Tel: (+91 11) 2323 4411 Fax: (+91 11) 2323 2639
Contact Person: Mr. Vivek Kumar,
Company Secretary and Compliance Officer Tel: (+91 11) 2323 4411
Fax: (+91 11) 2323 2639
Start trading in the new shares
You may start trading in your shares from the first listing day provided the shares are already credited in your Demat Account. Off market trading is not allowed and considered to be illegal.