Quess Corp IPO Allotment Status

Quess Corp IPO Allotment Status

Have you applied for Quess Corp IPO and curious about status of the IPO allotment?. Check Quess Corp IPO allotment status below. Keep your PAN number handy to check the allotment details.

Note: Registrar of the Quess Corp  IPO is responsible for allotment of IPO stocks and refund processing. Please contact the registrar with any quires related to stock allocation or refund related problems. To understand the basis of allotment of shares for Quess Corp  IPO, check the ‘basis of allotment’ document.

Expected date of listing of the Quess Corp Shares on Stock Exchanges for Trading is 12th July 2016

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To Check Quess Corp IPO Allotment Status :  Click Here

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  1. Select Quess Corp from the drop Down Menu
  2. Provide your PAN Number 
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Below are the some of the Frequently asked Questions about IPO allotment

 

Who does the Allotment of the IPO?

Allotment of the IPO is done by the entity called the Registrar identified by the listing Company. Registrar for the Quess Corp IPO is LINK INTIME INDIA Pvt Limited.

 

What is the Basis Of IPO Allotment?

The registrar allots the shares taking various factors into considerations such as extent of the issue subscribed, number of employees of the company applied for the IPO, required allotments to QIBs as per the rules etc. The registrar will publish the basis of the allotment within two weeks of the issue close date.

Currently, in any IPO, the allocation is usually, QIB – 50% HNI – 15% and Retail – 35% or QIB – 60% HNI – 10% and Retail – 30% of the Net Issue.

 

What documents I need to check the Allotment?

You can check about the allotment status by using your PAN number.

 

OK, I got the allotment, When it will be credited to my Demat Account?

Usually, it will credited to your demat account within 2 business days.

 

But I want to sell them on first day of the listing, I will loose this opportunity if credit of shares to my demat account is delayed!

Shares will not be listed until all the allotted investors receive the shares in their respective demat accounts. So dont worry and relax, but ensure that your demat account is active and ready state of receiving the shares.

 

What to do if you have been allotted shares, but you have not received the credit to your demat account?

If you have allotted the shares but not received in your demat account by listing day, then check that your demat account is active. If you feel there is no issue, provide a copy of your Client Master to Registrar to enable upload of your allotted shares in your account. Copy can be sent by Fax/Scanned image.

 

How do I get the Refund Amount back in case of non-allotment or partial allotment?

I depends on how you filled out your application form. You will receive physical refund order to your postal address or though ECS if you have opted for it with your Broker.

 

When will I get my Refund back?

The Registrar will dispatch/initiate the refund order/ECS transfer within 12 working days of issue close date. So add postal delay depending on your location to receive the physical order.

 

I have updated ECS details with my Broker, So will I receive refund through ECS?

Not always. It depends on the registrar and he can choose to send cheques even when ECS details are updated.

When can I start trading in the new shares?

Offcourse from the listing day! provided the shares are already credited to your demat account. But you can not trade off market in case you received the shares few days before the day of listing!.

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Read : What is a demat account and What is the procedure to open it?

Also Read : India’s top 10 Online Discount Brokers

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