Shankara Building Products IPO Allotment Status

    “Shankara building IPO Allotment Status”

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

As per the rules pertaining to primary market (IPO), the shares of any company should be listed on stock exchanges like NSE and BSE for trading by 6th working day from the IPO issue close date. Going by this rule, as the Shankara building IPO issue closed on 24th March, you can expect to know about your Shankara building IPO allotment status positively by 31 March 2017

  • Visit this page again by end of the above date to know about Shankara building IPO allotment Status
  • You can share the allotment status with your Family and friends through the Social buttons on top/left
  • Follow Below Steps to check Shankara building IPO Allotment Status :
    1. Click_Here to visit the website of the registrar
    2. Select Shankara building from the drop Down Menu (Shankara building option will be made available at the end of above date)
    3. Select PAN radio button under “Query BY” section
    4. Provide your PAN Number
    5. Enter the Captcha
    6. Click on “Submit” Button
  • Expected listing of the Shankara building IPO Shares on Stock Exchanges for Trading is 3rd April 2017

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NOTE: Shankara building IPO Allotment is at the sole discretion of the registrar of the company


Meantime why not look at 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 Shankara building IPO is Karvy Computershare Private 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 it is mandatory for him to refund through ECS in 15 major cities. For all other cities and towns, he can choose to send cheques even when ECS details are updated.



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  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!.

  Sharing is Definitely Caring!:

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And oh yes!, you can share this article with your family and friends interested in knowing the Shankara building IPO allotment status through the social buttons on your left/below.

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