How To Check Divine Power IPO Allotment Status

How To Check Divine Power IPO Allotment Status: Investing in Initial Public Offerings (IPOs) can be exciting. However, waiting to know if you’ve been allotted shares can be nerve-wracking. The Divine Power IPO, which opened on June 25, 2024, and closed on June 27, 2024, has garnered significant interest. If you applied, you’re probably eager to check your allotment status. Here’s a step-by-step guide on how to do it.

Important Dates to Remember

Before we dive into the process, let’s review the key dates for the Divine Power IPO:

• IPO Open Date: Tuesday, June 25, 2024
• IPO Close Date: Thursday, June 27, 2024
• Basis of Allotment: Friday, June 28, 2024
• Initiation of Refunds: Monday, July 1, 2024
• Credit of Shares to Demat: Monday, July 1, 2024
• Listing Date: Tuesday, July 2, 2024

Step-by-Step Guide For How To Check Divine Power IPO Allotment Status

You can check the Divine Power IPO allotment status in several ways. The most reliable method is through the IPO registrar, Bigshare Services Pvt Ltd.

Method 1: Using Bigshare Services’ Website

1. Visit the Bigshare Services Pvt Ltd Website: Go to Bigshare Services.
2. Navigate to the IPO Allotment Page: Click on the link or navigate to IPO Allotment.
3. Select the IPO: Find and select “Divine Power IPO” from the list.
4. Enter Required Details: You will need to enter your application number, PAN (Permanent Account Number), or DP (Depository Participant) ID/Client ID. Make sure you have these details handy.
5. Submit Information: Click on the “Submit” button to view your allotment status.

If you have been allotted shares, you will see the number of shares credited to your account. If not, the status will indicate the same.

Method 2: Through Your Demat Account

1. Login to Your Demat Account: Use your credentials to log in to your Demat account.
2. Check Holdings: Navigate to the holdings section to see if the Divine Power IPO shares have been credited.
3. Check Messages: Some brokers send notifications or messages about IPO allotment. Check these messages for confirmation.

Method 3: Using Your Bank Account

1. Login to Your Net Banking: Access your bank’s net banking portal.
2. Check the IPO Section: Navigate to the IPO section in your net banking account.
3. Review Allotment Status: Here, you can check if you have received the allotment or not.

What If You Didn’t Get the Allotment?

If you didn’t get the shares, don’t worry. The process for refunds will start on July 1, 2024. You should see the funds credited back to your bank account by then. Here are a few things you can do:

1. Monitor Your Bank Account: Ensure that the refund has been processed.
2. Check with Your Broker: Sometimes, brokers can provide additional information about the refund process.
3. Contact Bigshare Services: If there are any issues, contacting the IPO registrar, Bigshare Services, might help resolve them. You can reach out through their website or customer service.

Understanding the Basis of Allotment

The basis of allotment is determined on June 28, 2024. It’s a critical process where the registrar finalizes who gets the shares. The allotment is typically based on a lottery system if the IPO is oversubscribed. Here’s how it works:

• Oversubscription: If more people apply than the shares available, a lottery system is used.
• Proportionate Allotment: If the IPO is not oversubscribed, shares are allotted proportionately based on the number of shares applied for.

After Allotment – Next Steps

If you have been allotted shares, the next steps are:

1. Credit of Shares: The shares will be credited to your demat account by July 1, 2024.
2. Listing Date: The shares will be listed on the stock exchange on July 2, 2024. You can then start trading.

Conclusion

Checking your Divine Power IPO allotment status is a straightforward process. By following the steps outlined above, you can quickly find out if you have received the shares. Remember the key dates and keep your necessary details ready. Whether you get the allotment or not, understanding the process ensures you stay informed and prepared for your next investment opportunity. Happy investing!