If you have applied for L&T Technology Services IPO and willing to know about your L&T Technology Services IPO allotment status. Please check here the link and other relevant details of L&T Technology Services 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 L&T Technology Services IPO under the headlines of ‘Basis of allotment’ document.
Note:- The responsibility of L&T Technology Services 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 L&T Technology Services IPO Allotment Status
- The Allotment date for L&T Technology Services IPO issue is expected to be Sep 20, 2016
- The amount is expected to get unblocked on Sept 21, 2016.
- The Shares are expected to credited in DP accounts on September 22, 2016
- The Shares of L&T Technology Services are likely to be listed Sept 23, 2016 on both BSE and NSE.
Subscription Details for L&T Technology Services IPO
|Shares Offered / Reserved||Day 1 – Sep 12, 2016||Day 2 – Sep 14, 2016||Day 3 – Sep 15, 2016 7PM|
Important points for Allotment of L&T Technology Services IPO
Here are some of the important points about L&T Technology Services IPO allotment process including allotment of L&T Technology Services 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 Pvt. Ltd. is the Registrar of the L&T Technology Services 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 L&T Technology Services IPO Allotment Status
- Mentioning your PAN Number details or
- Your Application Form Number or
- Your DP Clinet Id
Process for Checking L&T Technology Services IPO Allotment Status
L&T Technology Services IPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date.
One can check the allotment on the below given link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps
- Click on the given link See Allotment Status here
- Go to Application status
- Select IPO as L&T Technology Services IPO
- Enter you PAN Number or Application Id or DP Client Id
Usually, It takes little time to fetch information so you need to be little patient.
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
Tel: (91 40) 6716 2222 Fax: (91 40) 2343 1551
Investor Grievance e-mail: firstname.lastname@example.org
Contact Person: M. Murali Krishna
SEBI Registration No: INR000000221
Registered Office Details:-
L&T House, N.M. Marg, Ballard Estate, Mumbai 400 001;
Tel: (91 22) 6752 5656; Fax: (91 22) 6752 5893
Corporate Office: 5th Floor, West Block-II, L&T Knowledge City (IT/ITES) SEZ,
N.H. No. 8, Ajwa Waghodia Crossing, Vadodara 390 019;
Tel: (91 265) 670 5000/ (91 265) 670 5001; Fax: (91 265) 670 5955
Contact Person: Kapil Bhalla, Company Secretary and Compliance Officer
Corporate Identity Number: U72900MH2012PLC232169
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.