Mumbai: The allotment of shares of Mason Infratech Limited to IPO applicants will take place on June 27. Those who won’t get shares will get their money back on Friday, June 28. The shares of this civil construction firm are supposed to list on Monday, July 1.
IPO applicants can check allotment status online on Kfintech website. Else, they can check whether the application amount has been debited from their bank account.
The IPO generated a lot of enthusiasm with an overall subscription of 32.89 times – 36.59 times in retail, 13.40 times in QIB, 50.20 times in NII. Therefore, the retail allotment will follow a ratio of about 1:36.
Mason Infratech IPO allotment status: How to check
The following is a step-by-step guide for checking the allotment status in the Kfintech website.
Log on to Mason Infratech IPO allotment page in Kfintech.com
Click on IPO name Mason Infratech in the drop-down menu
Click on option from PAN, application Number, or DP ID Option
As per selection add PAN, application Number, or Demat Account number
Click ‘Search’ Button
The IPO allotment status will be displayed on the screen.
Check bank account
Here is a step-by-step guide to check IPO allotment in your bank account.
Login to your Bank Account which you used to apply for the IPO
Check the Balance Tab
If you got the allotment of shares the relevant amount will be debited
If you have not been allotted shares the amount will be released
In case you are lucky to get the allotment, you would get an SMS that runs something like this: “Dear Customer, Bank Name Account XXX is debited with INR XXX on Date. Info: IPO Name. The Available Balance is XXX.”
Via demat account
This is a guide to check allotment status via your demat account.
Call your Broker or Login to your Demat Account / Trading Account
Check whether the shares are credited to your account
If you got the allotment the shares will show in the Demat Account
Mason Infratech IPO GMP
The Mason Infratech IPO Grey Market Premium stood at Rs 15 on Wednesday, June 26.
This company, which is mainly active in the Mumbai Metropolitan Region, is raising about Rs 30.46 crores through this IPO. It priced the shares between Rs 62 and Rs 64 per equity share.
The shares are to be listed on the NSE.
There is no OFS portion in this IPO.
(Disclaimer: This article is only meant to provide information. News9live.com does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Mason Infratech IPO allotment likely on Thursday. Did you bid for shares of Mason Infratech Limited in the IPO? This is how you can check whether you have been allotted the shares. The Mason Infratech GMP stands at Rs 15. The issue price was fixed between Rs 62 and Rs 64 per equity share. Business Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
